Here’s a snapshot of recent energy deals including the closing of ConocoPhillips’ $13.3 billion acquisition of Concho Resources, one of the largest independent shale producers in the Permian Basin.
The Concho acquisition gives ConocoPhillips about 700,000 net acres in the Permian Basin—more than quadruple the size of its previous position in the Permian.
Here’s a snapshot of recent energy deals including the closing of Devon’s all-stock merger with WPX plus Pioneer completed its acquisition of Parsley creating a premier Permian independent energy company.
The all-stock acquisition of Parsley Energy valued at over $7 billion gives Pioneer Natural Resources combined control of nearly 1 million acres across the Permian Basin with positions in both the Delaware and Midland sub-basins.
Shareholder approval for the transaction with Chrysaor has now been received, says Premier, which will be renamed Harbour Energy but maintain its London listing.
Earthstone Energy completed its cash-and-stock acquisition of Independence Resources Management, a Midland Basin operator backed by Warburg Pincus, previously announced on Dec. 18.
The combined company will operate under the name Devon Energy with a premium acreage position in the economic core of the Delaware Basin.
Here’s a snapshot of recent energy deals including the closing of Cenovus Energy’s nearly $5 billion acquisition of Husky plus a $215 million deal in the Powder River Basin.