Acquisitions & Divestitures - Mergers & Acquisitions

Update: FTC Approves Enbridge, Spectra Merger With Conditions

The FTC said the firms agreed to resolve the charges by adopting a consent decree that would require Enbridge to notify the panel before acquisitions in areas off Louisiana.

2017/02/17

Oilfield Service Companies Performance, Slingshot Combine

Pelican is the financial partner which supported the recapitalization and combination of the companies. The terms of the transaction weren't disclosed.

2017/02/15

Magellan Petroleum, Tellurian Finalize Merger

Tellurian Investments was founded as a private company on Feb. 23, 2016, by Charif Souki and Martin Houston. 

2017/02/10

Parsley’s $2.8 Billion Pries Midland From Double Eagle

The company’s acreage position will increase by nearly 46% in Parsley’s 'transformational' Permian deal, analysts said.

2017/02/07

Three Norwegian Shippers Will Merge Into One Offshore Oil Supply Vessel Firm

Reuters said this comes soon after Frontline, John Fredriksen's listed oil tankers operator, launched a US $475 million offer for Double Hull Tankers, while Fredriksen is also trying to resolve a US$14 billion debt crisis at  Seadrill, where he is chairman and the biggest shareholder.

2017/02/06

Delek Group Expands In North Sea With Ithaca Energy Deal

Delek already owns 19.7% of Ithaca. The offer, a premium of about 12% to Ithaca's closing price of C$1.74 on Feb. 3, implies an enterprise value of about $1.24 billion.

2017/02/06

AltaGas To Buy WGL In Gas Distribution Push

AltaGas will offer WGL Holdings shareholders $88.25 per share held, a 12% premium to the stock's close on Jan. 25.

2017/01/26

Bill Barrett Wooing Bonanza Creek In Merger Talks

The two companies’ positions overlap in the D-J Basin, where Bonanza Creek produced 17 Mboe/d in third-quarter 2016.

2017/01/18

Noble Upgrades Delaware Acreage With Clayton Williams Deal

Noble’s purchase of Clayton Williams will address inventory concerns with the addition of 2,400 locations in the Delaware core.

2017/01/17

TechnipFMC Begins Operations As Combined Company

Doug Pferdehirt is CEO of TechnipFMC, and there are 44,000 employees, according to the press release.

2017/01/17

ExxonMobil Steps Up Shale Story With $6.6 Billion Delaware Deal

The acquisition is expected to add 3.4 Bboe, bringing ExxonMobil’s Permian resource base to 6 Bboe, the company said.

2017/01/17

Noble To Acquire Clayton Williams For $3.2 Billion

As a result of the combination, Noble will become the second-largest acreage holder in the Delaware Basin with nearly 120,000 net acres in the Delaware core

2017/01/16

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