The Latest

Diamondback Prices Senior Notes to Help Cover Endeavor Deal Cost

Diamondback Energy’s notes will help cover cash consideration for the pending acquisition of Endeavor Energy as well as repaying debt owed by Endeavor.

Sunoco’s $7B Acquisition of NuStar Evades Further FTC Scrutiny

The waiting period under the Hart-Scott-Rodino Antitrust Improvements Act for Sunoco’s pending acquisition of NuStar Energy has expired, bringing the deal one step closer to completion.

SilverBow Gears Up for Proxy Fight with Kimmeridge

Both SilverBow Resources and Kimmeridge Energy Management have proposed a slate of candidates for the board of directors with a vote set for May 21.

Chesapeake-Southwestern Deal Delayed Amid Feds Scrutiny of E&P M&A

The Federal Trade Commission asked Chesapeake and Southwestern for more information about their $7.4 billion merger — triggering an automatic 30-day waiting period as the agency intensifies scrutiny of E&P deals.

Kinder Morgan Exec: Don’t Count Out Midstream in M&A Frenzy

Kinder Morgan’s Allen Fore said 2024 should be an ‘interesting’ year in M&A during a discussion at DUG GAS+ Conference and Expo.

Kimmeridge-SilverBow Public Feud Gets Ugly as Firm Suggests New Directors

Kimmeridge Energy Management said in a letter that should SilverBow continue to “stonewall” consideration of a merger offer, shareholders should elect three new independent board members.

SilverBow Rejects Kimmeridge’s Latest Offer, ‘Sets the Record Straight’

In a letter to SilverBow shareholders, the E&P said Kimmeridge’s offer “substantially undervalues SilverBow” and that Kimmeridge’s own South Texas gas asset values are “overstated.”

Sold in 66 Days: Inside the Diamondback-Endeavor Deal

Diamondback Chairman and CEO Travis Stice first offered “at least $25 billion” for Endeavor Energy Resources on Dec. 8. The deal closed just weeks later for $26 billion.

Oilfield Service Companies Dril-Quip, Innovex to Merge

Dril-Quip Inc. and Innovex Downhole Solutions Inc. will emerge as a new company, Innovex International, with expanded reach in global markets.

CEO Darren Woods: What’s Driving Permian M&A for Exxon, Other E&Ps

Since acquiring XTO for $36 billion in 2010, Exxon Mobil has gotten better at drilling unconventional shale plays. But it needed Pioneer’s high-quality acreage to keep running in the Permian Basin, CEO Darren Woods said at CERAWeek by S&P Global.