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Woodside, Australia's biggest independent oil and gas producer, has announced two deals over the past four months together worth up to $830 million.
The company picks up TIW Corp., founded during the First World War, for its first acquisition since it was formed in 1981.
RSP expects total gross proceeds of about $874.5 million from the offering, which will be used to pay for its purchase of Silver Hill. If the acquisition doesn't occur, RSP will use the proceeds to fund its 2017 capital budget.
The acquisition complements RSP's Permian portfolio, where it operates in the Midland Basin.
Mayor Named Global Energy Sector Head For KPMG
Frank’s International agrees to merger with Blackhawk Specialty Tools for $321 million in cash and stock.
The companies’ acreage is located in highly-sought Texas counties including Midland, Martin, Howard and Glasscock.
TransCanada, which completed its $10.3 billion takeover of Columbia Pipeline Group in July, had said it was reviewing strategic alternatives for MLP holdings, including Columbia Pipeline Partners.
The value of the all-stock transaction, which included the assumption of Memorial Resource's debt, was about $200 million less than originally reported when the deal was announced May 16.
Clariant is buying Kel-Tech Inc. of Midland, Texas, from private equity firm Arsenal Capital Partners and Irving, Texas-based X-Chem LLC from NCH Corp., with the deal to be completed on Oct. 1.
Large- and mid-sized energy companies with the resources to buy assets, as well as private-equity firms, have mostly shown restraint despite the drop in oil prices, Reuters reported.
Enterprise Product Partners' approach came after Energy Transfer Equity LP terminated its merger agreement with Williams in June after a prolonged legal battle, Reuters reported.