Acquisitions & Divestitures

A&D - E&P

Former Oxy CEO Chazen Adds Bankability To Newest Blank-Check IPO

Stephen Chazen, former president of Occidental, will lead a new company that hopes to raise more than $600 million for shale gas acquisitions.

2017/04/21

US Will Not Issue Drilling Waivers To Russia Sanctions

The U.S. and EU imposed economic sanctions on Russia over its annexation of the Crimea region in 2014 and role in the conflict in eastern Ukraine.

2017/04/21

Marketed: Operated, Producing Granite Wash Wells, Texas Panhandle

Corlena Oil is offering operated Granite Wash assets in the Texas Panhandle in Roberts County through a sale handled by EnergyNet.

2017/04/21

Report: Canada Will Delay Implementing New Methane Rules Until 2020

The amended time line was a result of discussions between the government and stakeholders and will be incorporated into the proposed regulations expected to be announced at the end of April, CBC News reported.

2017/04/21

Insight

OPEC Panel Recommends Output Cut Extension, Sources Say

An OPEC and non-OPEC technical committee recommended that producers extend a global deal to cut oil supplies for another six months from June, a source familiar with the matter said.

2017/04/21

Crude Oil, Gas Outlook: The New Bullish

For crude prices to average $50 to $52 in 2017, OPEC must extend quotas and maintain compliance, and demand must increase, according to a report.

2017/04/21

Oil On Track For Biggest Weekly Drop In A Month

Oil held near $53 a barrel on April 21 but was on course for its biggest weekly drop in a month due to doubts that an OPEC-led production cut will restore balance to an oversupplied market.

2017/04/21

Permian Basin’s $21 Billion Haul Leads Record First-Quarter A&D Activity

However, sellers’ value expectations may lead to a widening of the bid-ask spread, PwC said.

2017/04/20

Joint Ventures

Seaport Global Securities Launches Upstream A&D Division

In addition, Tom Schaefer and Andy Taurins have joined Seaport as managing directors to co-head the firm's A&D investment banking team.

2017/04/13

Bankrupt Vanguard Assailed As It Tries To Deal Midland Acreage

Occidental Petroleum is a stalking horse bidder for Vanguard's Glasscock County, Texas, acreage, which it agreed to buy for $78 million.

2017/04/03

Ares Launches $300 Million JV With Midland’s E&P Endeavor Energy

Ares’s newly formed Development Capital Resources made $450 million in JV commitments, including one with an operator in the Stack/ Scoop.

2017/04/03

Red Leaf, Total E&P USA End Utah Oil Shale JV

Total E&P USA Oil Shale LLC will exit an oil shale project in eastern Utah after reaching an agreement with development partner Red Leaf Resources Inc., the companies said March 31.

2017/04/03

Mergers & Acquistions

SNC-Lavalin To Buy UK-Based WS Atkins For $2.7 Billion

SNC-Lavalin Group is expanding its global consulting, design and project management capabilities with the takeover of U.K.-based WS Atkins.

2017/04/21

LNG Developer NextDecade To Merge With Blank-Check Company

Founded in 2010, NextDecade is a developer of LNG projects that is currently focused on a land-based U.S. Gulf Coast export project located close to the Permian and Eagle Ford.

2017/04/19

Blackstone’s $2 Billion Adds EagleClaw Midstream In Delaware Basin

Within one week, $3.5 billion in midstream A&D activity has lit up the Midland and Delaware basins.

2017/04/17

Seaport Global Securities Launches Upstream A&D Division

In addition, Tom Schaefer and Andy Taurins have joined Seaport as managing directors to co-head the firm's A&D investment banking team.

2017/04/13

Midstream

‘Ex-Western Australia Premier Is Entertaining A Pipe Dream’

Proposal for coast-to-coast gas pipeline mocked; shipping LNG from west to east called cheaper.

2017/04/21

US-Mexico Natgas Pipeline Exports Fall While LNG Deliveries Rise

U.S. natural gas pipeline exports to Mexico fell to their lowest level since June 2015, while the first tankers from the United States started delivering LNG to Mexico's Gulf Coast.

2017/04/20

Permian Basin’s $21 Billion Haul Leads Record First-Quarter A&D Activity

However, sellers’ value expectations may lead to a widening of the bid-ask spread, PwC said.

2017/04/20

LNG Developer NextDecade To Merge With Blank-Check Company

Founded in 2010, NextDecade is a developer of LNG projects that is currently focused on a land-based U.S. Gulf Coast export project located close to the Permian and Eagle Ford.

2017/04/19

Service & Supply

SNC-Lavalin To Buy UK-Based WS Atkins For $2.7 Billion

SNC-Lavalin Group is expanding its global consulting, design and project management capabilities with the takeover of U.K.-based WS Atkins.

2017/04/21

Schlumberger Sees Pricing Improve But Costs Weigh On Margins

The world’s No.1 oilfield services provider said revenue rose 5.7% to $6.89 billion in the quarter ended March 31, but its cost of revenue increased 11.3% to $6.08 billion.

2017/04/21

Houston-Based Oilfield Service Company Launches IPO

NCS Multistage's IPO is priced between $15 and $18 per share and includes a 1.425-million-share greenshoe. Proceeds will be used to repay debt and for general corporate purposes.

2017/04/19

Schlumberger Agrees To $390 Million Vaca Muerta Deal With YPF

Argentina's state-run oil company YPF and Schlumberger have reached a deal to invest $390 million in the Vaca Muerta shale field in Patagonia, YPF said April 12.

2017/04/12