Acquisitions & Divestitures - Mergers & Acquisitions
The deal would be one of the largest in the U.S. since the $41 billion merger of ExxonMobil Corp. (NYSE: XOM) and XTO Energy in 2010.
There were 12 megadeals during the second quarter of 2014, representing $30.8 billion, or 73% of total deal value.
Analyzing the Bakken's 'historical transaction trends' allows for discussion of 'the current development phase and likely near-term events' in the Eagle Ford.
In less than a year, Diamondback's deals--worth $1.4 billion--gave it "an enviable" position in the Midland and Permian basins.
Whiting Petroleum Corp.'s acquisition of Kodiak Oil & Gas Corp. will "alter the Williston Basin's pecking order."
The transaction’s financial terms were not disclosed, the press release said.
Recent deals in the Eagle Ford, including one for $3.1 billion, have overshadowed smaller transactions.
GeoSouthern Energy Corp. is, by tradition, not prone to selling assets. Devon Energy Corp. has for the past few years been a reluctant buyer, patient and disciplined about what it acquires.
On June 19, the investment bank Allegiance Capital Corp. won Energy Deal of the Year at the 4th annual New York Champions M&A Competition.
Billionaire Kelcy Warren had attempted "what would have been the year's biggest energy deal," Bloomberg said.
The Utica has been a hotbed of deal activity for the past several years with land going anywhere between $10,000 to $15,000 per acre.
According to Bloomberg, the New Standard Energy Ltd. company said that the basin is "set for a flurry of mergers and acquisitions."