Mergers
Public Capital , Exploration & Production , Shale Plays , Mergers
Occidental CFO Talks Anadarko Saga, Rebuffs Sheffield Criticism
Anadarko Petroleum was the only corporate deal Occidental Petroleum considered since the company’s current leadership has been in place, says CFO Cedric Burgher.
Public Capital , Exploration & Production , Shale Plays , Mergers
Occidental Completes Anadarko Petroleum Acquisition
Rivals, Occidental and Anadarko Petroleum, had agreed to the transaction, valued at $55 billion (including debt), in May following a bidding war with Chevron.
Public Capital , Investment , Exploration & Production , Mergers
Investors Flock To Occidental’s $13 Billion Debt Offering
Underwriters of Occidental Petroleum’s offering priced the $13 billion in debt at a lower yield than anticipated.
Mergers
Needed: Lazy Capex, Some M&A
The pressure on publics is extreme in all commodity environments, good or bad, but especially now that investor sentiment has soured.
Public Capital , Mergers
Carl Icahn Wins ISS Support In Occidental Petroleum Proxy Fight
Proxy advisory firm Institutional Shareholder Services backs Carl Icahn’s call for more Occidental Petroleum shareholder say after Occidental’s takeover of Anadarko Petroleum.
Business , Health, Safety & Environment , Digital Oilfield , Mergers
State Of Energy: Oil And Gas Face Consolidation, Other Challenges
Experts urge industry representatives to embrace Big Data and sharpen their messaging skills for the general public.
Public Capital , Exploration & Production , Shale Plays , Acquisitions & Divestitures , Mergers
Occidental Petroleum Slams Carl Icahn Board Slate
"None" of Icahn's nominees "possess skills, experience or expertise that are additive or superior to our existing directors," wrote Occidental CEO Vicki Hollub and Chairman Eugene Batchelder.
Investment , Exploration & Production , Shale Plays , Acquisitions & Divestitures , Mergers
Icahn Launches Proxy Fight After Stalled Talks With Occidental’s Hollub
Activist investor Carl Icahn formally launched a proxy fight against Occidental Petroleum to win control of four board seats after talks with the oil company's CEO failed to reach an agreement.
Business , Shale Plays , Acquisitions & Divestitures , Mergers
Kimmeridge Deal To Create Largest Delaware Basin Minerals Company
Kimmeridge said the combination of its minerals business with Midland, Texas-based Desert Royalty will create the largest pure-play mineral and royalty company in the Delaware Basin by net royalty acres.
Public Capital , Exploration & Production , Shale Plays , Acquisitions & Divestitures , Mergers
Comstock Resources Wraps Up Purchase Of Haynesville Operator Covey Park
Covey Park co-CEO John Jacobi and Denham Managing Partner Jordan Marye joined the Comstock Resources board following the completion on July 16 of the roughly $2.2 billion acquisition.