Acquisitions & Divestitures - Mergers & Acquisitions

Consol Files For Separation; Plans To Divide E&P, Coal Businesses

The company plans to sell between $400 million and $600 million of mostly non-EBITDA generating assets related to the spinoff.


Cargill Completes Sale Of Petroleum Business To Macquarie

The sale of Cargill’s petroleum business, first announced in March, is the latest reshuffling following an almost three-year slump in oil prices.


EQT's $8.2 Billion Buyout Of Rice Energy Criticized By Hedge Fund Jana

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 Reports Noncore Sale, Eagle Ford Facility Startup

Sanchez Midstream Partners agreed to sell noncore production assets as the Houston-based company advances its midstream strategy in the Eagle Ford Shale.


Forum Acquires Multilift, Manufacturer Of Artificial Lift Tools

Forum Energy Technologies acquired the stock of Multilift from Pelican Energy Partners, a Houston-based oilfield services focused private equity fund, and management.


Halliburton Strengthens Artificial Lift Business With Summit ESP Acquisition

Halliburton said July 5 it would buy oilfield equipment supplier Summit ESP, which is backed by Oklahoma energy and banking billionaire George Kaiser.


Three Companies Merge To Create SolstadFarstad

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 Strengthens Downhole Completions Portfolio With Acquisition

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.


Empire Building: EQT Targets Balance After $8.2 Billion Rice Conquest

EQT’s CEO says a second phase is emerging in the shale natural gas revolution—one that disavows a growth-at-any-cost model.


EQT, Rice Energy $8.2 Billion Merger Creates Northeast Gas Giant

The acquisition of Rice’s acreage and midstream business in the Marcellus and Utica is set to make EQT the largest producer of natural gas in the U.S.


EU Clears GE, Baker Hughes Megamerger Without Conditions

The EU concluded that the merger of GE and Baker Hughes would not harm competition in European markets for various products where both U.S.-based companies were active.


Ensco Buys Atwood In Downturn’s First Offshore Drilling Merger

Despite the need for consolidation in the offshore drilling space, the Ensco-Atwood merger doesn’t mean much for the currently oversupplied market, analyst says.