Mergers

Business , People , Acquisitions & Divestitures , Mergers

On The Move

Check out the latest new hires, appointments and promotions as well as new company office and facility openings.

September 3, 2019

Public Capital , Exploration & Production , Shale Plays , Mergers

PDC, SRC Energy To Combine In $1.7 Billion All-Stock Merger

PDC is set to become the second-largest producer in the D-J Basin through its acquisition of SRC Energy and will also remain committed to its Permian position.

August 26, 2019

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.

August 13, 2019

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.

August 8, 2019

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.

August 7, 2019

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.

July 25, 2019

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.

July 23, 2019

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.

July 22, 2019

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.

July 19, 2019

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.

July 18, 2019