Public Capital , Acquisitions & Divestitures , Mergers

Activist Investor Reportedly Seeking to Break Up Noble’s Sale to Chevron

Activist investor Elliott Management is seeking to break up Noble Energy's $5 billion sale to oil major Chevron, a Bloomberg reporter tweeted on Sept. 9.

September 9, 2020

Public Capital , Acquisitions & Divestitures , Mergers

Elliott Management Discloses Stake in Chevron Takeover Target Noble Energy

Hedge fund Elliott Management has acquired a stake in Noble Energy, the oil and gas producer which agreed in July to be bought by Chevron Corp. for $5 billion.

September 8, 2020

Restructurings , People , Master Limited Partnerships , Legislation , Infrastructure , Health, Safety & Environment , Emissions , Mergers , Midstream , Construction , Pipelines

Q&A: How Ethan Bellamy Found His Way Back to Oil and Gas

East Daley Capital Advisors’ new midstream strategy director discusses structural changes in the industry, how the upcoming elections could affect energy and his new gig.

September 3, 2020

Acquisitions & Divestitures , Trends , Mergers

Energy A&D Transactions from the Week of Sept. 2, 2020

Here’s a snapshot of recent energy deals including Panhandle Oil and Gas’ entry into the Haynesville Shale through the acquisition of two packages of royalty acreage from Red Stone Resources.

September 2, 2020

Public Capital , Exploration & Production , Shale Plays , Acquisitions & Divestitures , Trends , Mergers

Second US Shale Boom’s Legacy: Overpriced Deals, Unwanted Assets

The promise of future returns lured investors, including a wave of acquisitions from 2016-19. Now, many of those shale deals are financially unworkable due to low oil prices.

September 1, 2020

Earnings , Exploration & Production , Mergers

Israel’s Delek Group in Ithaca Energy Merger Talks

Merging Ithaca Energy with an international group would be part of a process of turning it into a public company traded in London, Delek said in a statement.

August 31, 2020

Public Capital , Acquisitions & Divestitures , Mergers

Canadian Oil Producer Whitecap to Boost Position With Multimillion-dollar Deal

The deal marks growing interest in mergers among smaller Canadian oil producers to bolster their portfolios, as uncertainty about future oil demand persists.

August 31, 2020

Public Capital , Exploration & Production , Shale Plays , Acquisitions & Divestitures , Mergers

HighPeak Energy Completes Business Combination with Blank-Check Company

The combined company, set to trade as HighPeak Energy Inc., will hold a 51,000-net-acre position in the northern Midland Basin primarily in Howard County, Texas.

August 25, 2020

Shale Plays , Transactions , Acquisitions & Divestitures , Mergers

A&D Trends: Oil and Gas Dealdrums

The remainder of the year’s deals will likely involve gas assets (while prices are good) and could come to include the low cost supply areas in the Texas and Louisiana Haynesville. Barring a miraculous rally, oil looks likely to remain the New Coke of commodities.

August 12, 2020

Public Capital , Exploration & Production , Acquisitions & Divestitures , Mergers

Chevron Pursued Deal for Noble Energy’s Mediterranean Gas Fields Last Year

Chevron Corp. last year proposed to acquire a stake of at least 50% in Noble Energy's Eastern Mediterranean natural-gas fields, talks that led to July's all-stock deal.

August 11, 2020