Acquisitions & Divestitures - Mergers & Acquisitions
With 120,000 net acres and an estimated 4,200 locations, the new company also meshes with Kingfisher Midstream to offer a potential spinoff IPO for development cash.
Nabors’ roughly $216 million acquisition of Tesco is ‘rare win-win in oil patch consolidation,’ analyst says.
Andeavor Logistics also said it would issue 78 million of its units to parent Andeavor in exchange for the cancellation of its incentive distribution rights.
More than 1,000 miles of pipeline purchased in Scoop, Stack, Merger play.
The company plans to sell between $400 million and $600 million of mostly non-EBITDA generating assets related to the spinoff.
The sale of Cargill’s petroleum business, first announced in March, is the latest reshuffling following an almost three-year slump in oil prices.
Jana Partners stepped up its criticism of EQT's deal to buy Rice Energy, arguing that EQT could save as much as $4.5 billion if it separated its pipeline assets instead.
Sanchez Midstream Partners agreed to sell noncore production assets as the Houston-based company advances its midstream strategy in the Eagle Ford Shale.
Forum Energy Technologies acquired the stock of Multilift from Pelican Energy Partners, a Houston-based oilfield services focused private equity fund, and management.
Halliburton said July 5 it would buy oilfield equipment supplier Summit ESP, which is backed by Oklahoma energy and banking billionaire George Kaiser.
The Skudeneshavn, Norway-headquartered company, which also has activity in the renewable energy sector, has a fleet of about 150 vessels. Currently, two well vessels and a harvest vessel are under construction.
Rubicon Oilfield International, backed by Warburg Pincus, acquired the assets, people and operating business of Calgary, Alberta-based World Oil Tools for an undisclosed amount.