Acquisitions & Divestitures - News

Marketed: Stake In San Joaquin Basin, Austin Chalk Wells

Oil and gas assets in California’s San Joaquin Basin and the Austin Chalk Play in South Texas are on the market, according to EnergyNet, which has been retained to handle the sale.

12:45 pm

Post Oak Backs Sierra's New Eagle Ford Venture With $100 Million Commitment

Sierra, a Houston-based private E&P founded in 1996, most recently began focusing on acquiring and developing unconventional assets in the Eagle Ford Shale in South Texas.

8:10 am

BHP Billiton 'Actively Pursuing Options To Exit' US Shale Business

BHP CEO Andrew Mackenzie said the preference would be a small number of trade sales, but refused to give a timetable for quitting the U.S. shale business.

7:45 am

Total Boosts North Sea Business With $7.5 Billion Maersk Oil Acquisition

Total has been betting on new rather than mature fields in the North Sea and the acquisition of Maersk Oil gives it further economies of scale.

August 21, 2017

Energen Reportedly Fending Off Heavy Pressure To Sell Itself From Activist Investors

The behind-the-scenes push by Elliott comes as fellow activist shareholder, Corvex Management, has waged a public campaign to force Permian Basin-focused Energen to put itself on the auction block.

August 18, 2017

Carbon Natural Gas Corrals Appalachian Producing Assets In $21.5 Million Acquisition

The assets, located primarily in West Virginia, currently produce roughly 7.5 million cubic feet per day (100% gas) and include about 311 miles of gas pipeline, gathering lines and related facilities.

August 17, 2017

White Star Petroleum Divests Midstream Assets

New midstream operator buys White Star’s Midcon assets.

August 15, 2017

Amec Foster's Proposed Asset Sale May Help Wood Group Deal Approval

Amec Foster Wheeler PLC's proposal to sell almost all of its upstream offshore oil and gas servicing assets may be adequate for regulatory approval of its merger with John Wood Group PLC, the U.K.’s Competition and Markets Authority said.

August 15, 2017

Corvex Raises Stake In Energen; Warns Of Proxy Fight

Corvex first targeted Energen on May 31, calling on it to explore a sale of the entire company. Energen announced a few weeks it was sticking to its own business plan.

August 15, 2017

Transocean To Buy Norwegian Rig Firm Songa Offshore For $1.1 Billion

The deal, which would be mostly paid for in shares and convertible bonds, would strengthen Transocean's position in offshore drilling as Songa is Statoil's largest drilling service provider.

August 15, 2017

Andeavor Unit To Buy Western Refining Logistics In $1.5 Billion Merger

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.

August 14, 2017

Mainline Midstream Announces Acquisition In Oklahoma

More than 1,000 miles of pipeline purchased in Scoop, Stack, Merger play.

August 11, 2017