Here’s a snapshot of recent energy deals including the sale of Range Resources’ Northern Louisiana asset to Castleton Resources for up to $335 million.
Although Pickering Energy Partners’ Dan Pickering believes the industry is in for a couple of tough years ahead, he also believes the survivors are due for a bounty: Assets will be available for prices not seen in 30 years.
Kicked out of the club in 2012, the Haynesville was resurrected beginning in 2017 to take on the mighty Marcellus in metrics, aided by a proximity-to-market kicker. Now, it’s taking on oil basins at the IRR weigh-in.
Here’s a snapshot of recent energy deals including a multimillion-dollar acquisition by ConocoPhillips in Canada’s Montney Shale plus CNX Resources’ buyout of its midstream affiliate.
Management consultant CEO Alan Carnrite was an active player in the flurry of mergers in the oil and gas industry 20 years past. He thinks the industry once again is ripe for a house cleaning.
Here’s a snapshot of recent energy deals including Chevron’s $13 billion acquisition of Houston-based independent Noble Energy, marking the largest oil deal since the price crash earlier this year.
Chevron CEO Mike Wirth provides four takeaways from the supermajor’s offer to buy Noble Energy in a deal worth $13 billion, including debt.
“M&A has started to pick up. You saw a deal announced with Chevron buying Noble. We would expect to see more of those,” James West, senior managing director of Evercore ISI, says.