Acquisitions & Divestitures - Mergers & Acquisitions

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.

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.

IPC will acquire BlackPearl for roughly C$622.5 million and combine its assets with IPC’s existing assets in Canada as well as in France, Malaysia and the Netherlands.

Antero Midstream is set to combine with its general partner and emerge as a C-corp entity under a new moniker.

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.

The merger with Trinidad Drilling will position Precision as the third-largest driller in the U.S. with a rig fleet that includes over 200 active rigs and 322 total rigs, the companies said.

Canadian oil and gas producer Husky Energy said late Oct. 2 it had formally offered to acquire rival MEG Energy in a deal valued at about $5 billion including debt.

In its buyout offer, ArcLight, which controls American Midstream’s general partner, would acquire the remaining common units it does not already own for $6.10 per unit.

The Husky's takeover offer for MEG comes as many Canadian oil producers have struggled with transportation bottlenecks as output has surged.

The new oil and gas company called Wintershall DEA will be headquartered in Kassel and Hamburg and will seek to list itself through an IPO, BASF said.