Acquisitions & Divestitures - Mergers & Acquisitions

Cavalcade Midstream Makes $150 Million Partnership With Pearl, Old Ironsides, NGP

San Antonio-based newcomer is focusing on projects in the Permian Basin.

December 12, 2018

DNO Presses On With Faroe Petroleum Takeover Offer Despite Board Rejection

The board of Faroe Petroleum, in which DNO already owns 28%, has said the company was worth substantially more than DNO's takeover bid, first announced on Nov. 26.

December 12, 2018

E&Ps Defy Uncooperative Market, Continue Deal Making

Oil and gas producers are increasingly under siege by investors—activists and otherwise, most recently targeting Denbury Resources’ purchase of Penn Virginia.

December 10, 2018

Akastor’s Wellsite Geology Service Company First Geo To Combine With AGR

Akastor will create a leading provider of well-, reservoir- and software services through the combination of AGR and the Norway-based oil services investment company’s subsidiary First Geo.

December 7, 2018

Transocean Closes $2.7 Billion Acquisition Of Ocean Rig

Transocean’s CEO said the Ocean Rig acquisition will enhance the Swiss-based drilling rig contractor’s fleet of ultradeepwater and harsh environment floaters without compromising its liquidity.

December 6, 2018

M&A Experts: In This New Wave, Bigger Is Better

DUG Midcontinent panel sees the Encana-Newfield deal as a sign of things to come.

December 5, 2018

Fortune And Glory: 2019 Shale M&A Horoscope

Analysts, experts and industry observers size up M&A for the Permian, Marcellus, Stack and Powder River Basin and take a look at what the tea leaves portend for 2019.

December 3, 2018

Ensign Energy Tender Gets Over 50% Of Trinidad Shares, Precision Ends Bid

Ensign decided to launch the bid in August after Trinidad completed a strategic review it began in February, while North American drilling contractor Precision in October offered a deal valued at C$1.03 billion.

November 27, 2018

Forbes Energy Services Grows Coiled Tubing Business With Cretic Acquisition

As a result of the Cretic acquisition, Forbes Energy Services said it will have one of the largest fleets of large-diameter, high-capacity coiled tubing units with a footprint in the Permian.

November 20, 2018

Cimarex To Acquire Delaware Basin ‘Bolt-on’ Resolute Energy For $1.6 Billion

Cimarex CEO Tom Jorden said Delaware Basin pure-play Resolute Energy, which has faced recent investor pressure to pursue a sale or merger, is a ‘bolt-on asset tailor-made for Cimarex.’

November 19, 2018

US Shale Surge Boosts Industry Finances, Puts Deals In Spotlight

U.S. shale firms are more profitable than ever after a strong third quarter and the change is evidence shale firms have moved to "harvest mode" and turned toward deal making.  

November 16, 2018

Santos-Quadrant Energy Combination Approved By Aussie Competition Watchdog

Australia's competition watchdog, ACCC, said it will not oppose oil and gas firm Santos's $2.15 billion acquisition of Quadrant Energy.

November 16, 2018