Acquisitions & Divestitures - Mergers & Acquisitions

Diamondback Energy Shares Drop On $9.2 Billion Deal For Shale Rival

Diamondback Energy Inc. (NASDAQ: FANG) shares fell 10% early on Aug. 15 following the U.S. oil and gas producer’s all-stock, $9.2 billion deal for shale rival Energen Corp. (NYSE: EGN).

August 15, 2018

Diamondback To Acquire Energen In $9.2 Billion All-Stock Deal

The transaction comes days after Diamondback Energy said it would add to its Northern Midland position with the roughly $1.25 billion cash-and-stock purchase of Ajax Resources.

August 14, 2018

Ensign Launches C$947 Million Takeover Bid For Trinidad Drilling

Analysts with Tudor, Picking, Holt & Co. said Ensign’s proposed acquisition of Trinidad would create one of the largest North American land drillers with critical mass in many key international markets.

August 13, 2018

HEADLINES: Permian Deals Dominate Week

In China, tariff rhetoric kept heating up, this time over LNG with the country threatening a 25% tariff on U.S. imports.

August 9, 2018

Houston-Based Directional Drilling Firm SDI Reportedly Seeking Buyer

The sale process for Houston-based SDI began recently, said three sources who spoke on condition of anonymity as the information has not been made public.

August 9, 2018

Diamondback To Acquire Ajax Resources For $1.2 Billion

Diamondback Energy will add top-tier horizontal drilling locations across three zones in the Northern Midland Basin to its portfolio as part of the Ajax acquisition.

August 8, 2018

Kosmos To Enter US GoM With Deep Gulf Energy Acquisition

Kosmos CEO Andrew Inglis said he believes a huge opportunity has opened in the U.S. Gulf of Mexico as many competitors leave the region for onshore shale.

August 6, 2018

Energy Transfer To Streamline Structure In 'Long-Awaited' Merger

A slew of pipeline operators also announced plans similar to Energy Transfer's merger in May after a U.S. FERC ruling eliminated income tax allowances for some MLPs.

August 3, 2018

Southcross Terminates American Midstream Merger Agreement

American Midstream said late last year it reached an agreement to acquire the Southcross companies in two transactions totaling $815 million.

July 30, 2018

Halliburton Enters Reactive Chemistry Space with Athlon Acquisition

Halliburton has aimed to grow artificial lift in production chemicals and the acquisition of Athlon is an execution of that plan, President and CEO Jeff Miller says.

July 25, 2018

Portfolio Reinvention Drives Upstream M&A

M&A activity in the oil patch is about to heat up as long and short-term drivers, from positive commodity prices to lower cost metrics in deep water and investment in alternative energies, kick in.

July 24, 2018

Tidewater To Buy GulfMark As Offshore Drilling Eyes Recovery

The deal allows U.S-based Tidewater to expand its presence in the U.K. North Sea basin, where a 30% jump in oil prices since the end of 2016 has boosted rates for operators.

July 16, 2018