Acquisitions & Divestitures - Exclusives
Range agreed to sell overriding royalty interest in leases where the company pioneered the Marcellus Shale in Washington County, Pa.
Analysts expect the acquisition of Magnum—the number two player in dissolvable frack plugs—to give Nine Energy Service ‘incremental exposure’ to the downhole tools market.
Plus, Exxon Mobil donates to a PAC promoting U.S. carbon tax, offshore drillers Ensco and Rowan agree to merge and Chevron exits Norway.
Diversified Gas & Oil, known as DGO, said it acquired Core Appalachia Holding, a conventional producer and processor of natural gas in the southern Appalachian Basin.
Antero Midstream is set to combine with its general partner and emerge as a C-corp entity under a new moniker.
Even transactions that seem transparently well-conceived are facing harsh investor reactions, leading private operators to conclude that someone else—like themselves—will have to step up when opportunities emerge.
Analysts estimate Earthstone tacked on a net increase of 2,677 acres to its position in the Midland Basin for less than $6,000 per acre.
The merger of offshore drillers Ensco and Rowan will result in the world’s largest jackup contractor with a combined enterprise value of $12 billion.
Canada's energy industry got a boost this week from an LNG project FID. Plus Encana exits the San Juan Basin, Husky makes a play for MEG Energy and reports that Exxon Mobil is exploring the sale of its Gulf of Mexico assets.
Daniel Vogel, managing director of Apollo Global Management, spoke with Oil and Gas Investor about his career and what he thinks about the deal market today.
DJR Energy agreed to acquire Encana’s San Juan position, which includes about 182,000 net acres and 5,400 boe/d of production in northern New Mexico.
The bidding began unceremoniously at the suggested $2 per acre, the pop of a firecracker as heavy artillery moved within range.