It’s likely that the BHP deal with Woodside signals that the era of paying premiums to acquire oil and gas assets is over. From now on, companies seeking to offload these type of assets might be forced to accept ever-diminishing prices.
Here’s a snapshot of recent energy deals including BHP’s exit from the oil business through the merger of its petroleum assets with Woodside in an all-stock merger valued at roughly $13 billion.
Many of the renewable SPACs that are currently publicly filed with the SEC have raised about $250 million or more with plans for some to buy privately-held companies drilling for natural gas.
Here’s a snapshot of recent energy deals including Riverstone’s $172 million exit from its Gulf of Mexico JV plus the $268 million combination of NexTier with Permian-focused Alamo Pressure Pumping.
Investor pressure for U.S. shale producers to operate leaner made consolidation a priority driving a sizzling second quarter with $33 billion worth of M&A activity.
Here’s a snapshot of recent energy deals including the acquisition of a “unique opportunity” in the Permian Basin by Lime Rock Resources in a $508.3 million deal plus Whiting Petroleum’s exit from the D-J Basin.
New breed of “super independents” dominate the U.S. shale sector in wake of M&A worth more than $30 billion, analysts say.
Analysts share insight on the oil and gas industry’s response to climate concerns and the future of fracking that has led some, like Shell, to consider withdrawing from the Permian Basin plus what opportunities remain for those choosing to stay.