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.


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.


Magellan Petroleum, Tellurian Finalize Merger

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


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.


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.


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.


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.


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.


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.


TechnipFMC Begins Operations As Combined Company

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


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.


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