Acquisitions & Divestitures - Mergers & Acquisitions
Chesapeake Energy Closes Nearly $4 Billion Acquisition Of Eagle Ford Producer WildHorse
Chesapeake Energy completed its acquisition of WildHorse Resource Development Corp. on Feb. 1, creating an Eagle Ford oil producing powerhouse.
Ophir Energy Agrees To $511 Million Takeover Offer By Medco
Ophir Energy agreed to be bought out by Indonesian oil and gas group Medco Energi for a sweetened bid of 390.6 million pounds (US$511.02 million) in cash.
King & Spalding Adds Alan Noskow As Corporate Partner In D.C.
King & Spalding on Jan. 29 announced that Alan Noskow has joined as a partner in the firm’s Corporate, Finance and Investments practice group in the Washington, D.C. office.
Exxon Mobil Addresses License To Operate Amidst Permian Basin Growth
As XTO Energy, Exxon Mobil’s subsidiary, grows production in the Permian Basin, it is also working to address water, emissions and quality of life concerns in the region.
Ophir Energy Rejects Medco's $437 Million Takeover Offer
Ophir Energy rejected Indonesian oil and gas group Medco Energi's potential takeover offer, saying it "undervalues" the British oil and gas company.
Medco Energi Could Offer Roughly $436 Million For Britain's Ophir
Medco said shareholders of Ophir, an upstream oil and gas exploration and production company focused on Asia and Africa, would receive 48.5 pence in cash for each Ophir share.
DNO Raises Faroe Petroleum Bid To $816 Million
Norwegian oil company DNO raised its bid for Britain's Faroe Petroleum after its hostile bid in November as inadequate and "opportunistic."
Canyon Capital Advisors Warns It Will Oppose Rowan Sale To Ensco
Canyon Capital Advisors has warned it would vote against the sale of Rowan to rival Ensco, casting doubt on a combination that had signaled optimism about the future of offshore exploration.
QEP Resources Receives $2 Billion Takeover Offer From Elliott Management
Activist investor Elliott Management offered to buy oil and gas producer QEP Resources in an all-cash deal valued at $2.07 billion, saying that the company is "deeply undervalued."
DNO Adds To Faroe Petroleum Stake In Hostile Takeover Saga
DNO's combined ownership and bid acceptances now stands at 43.8%, up from about 43% but still short of a controlling stake in British independent oil and gas company Faroe Petroleum.
Frozen Out: M&A In The Ice Age
Publicly held E&Ps are settling in for a long cold spell, lest they be burned. Forego deals for fear of shareholder reprisal? Or press ahead despite market backlash?
DNO Requires Fewer Faroe Shareholders To Back Takeover Bid
DNO had previously required the backing of 57.5% of Faroe shareholders for the takeover offer, but that fell to 50% after DNO lifted its stake in the U.K. company slightly on Jan. 3.
Pages
- Breitburn Exits Bankruptcy As New EIG-Backed Company
- Encana To Combine With Newfield Exploration In $5.5 Billion All-Stock Transaction
- QEP Resources Exits Haynesville In $735 Million Sale To Aethon Energy
- Trends To Watch In 2019
- Chesapeake To Acquire Eagle Ford Producer WildHorse For Nearly $4 Billion