Acquisitions & Divestitures - Mergers & Acquisitions
Subsea 7 said in a statement on April 23 its bid proposal was subject to the termination of McDermott's pending transaction with CB&I.
Spartan, which is a southeast Saskatchewan oil and gas producer, has annual production of about 23,000 barrels of oil equivalent per day.
ZZ Capital has missed two deadlines to close $800 million purchase.
Brazos’ sale of midstream assets in the Delaware Basin reflects how the play is heating up.
Santos said April 3 it would "engage with" Harbour Energy after receiving a $10.4 billion takeover offer from the U.S. company, its fourth unsolicited bid since August 2017.
The all-stock merger of the two Permian-focused E&Ps is expected to create the largest unconventional shale producer of oil and natural gas in the prolific basin.
Bill Barrett previously entered into an agreement for the all-stock merger with NGP-backed Fifth Creek in December. The transaction was valued at $649 million by the companies.
Company also announces increased quarterly distributions at TEGP and TEP.
Steve Chazen, who resurfaced roughly a year after retiring from Oxy to form TPG Pace Energy in early 2017, will now head the newly-formed Magnolia Oil & Gas.
SandRidge said it had received interest regarding "alternative transactions" from other producers, though did not provide further details.
Combination expected to close in the second-quarter of 2018.