The Latest

Halliburton’s Low-key M&A Strategy Remains Unchanged

Halliburton CEO Jeff Miller says expected organic growth generates more shareholder value than following consolidation trends, such as chief rival SLB’s plans to buy ChampionX.

PGS, TGS Merger Clears Norwegian Authorities, UK Still Reviewing

Energy data companies PGS and TGS said their merger has received approval by Norwegian authorities and remains under review by the U.K. Competition Market Authority.

Energy Systems Group, PacificWest Solutions to Merge

Energy Systems Group and PacificWest Solutions are expanding their infrastructure and energy services offerings with the merger of the two companies.

Diamondback Prices Senior Notes to Help Cover Endeavor Deal Cost

Diamondback Energy’s notes will help cover cash consideration for the pending acquisition of Endeavor Energy as well as repaying debt owed by Endeavor.

Sunoco’s $7B Acquisition of NuStar Evades Further FTC Scrutiny

The waiting period under the Hart-Scott-Rodino Antitrust Improvements Act for Sunoco’s pending acquisition of NuStar Energy has expired, bringing the deal one step closer to completion.

SilverBow Gears Up for Proxy Fight with Kimmeridge

Both SilverBow Resources and Kimmeridge Energy Management have proposed a slate of candidates for the board of directors with a vote set for May 21.

Chesapeake-Southwestern Deal Delayed Amid Feds Scrutiny of E&P M&A

The Federal Trade Commission asked Chesapeake and Southwestern for more information about their $7.4 billion merger — triggering an automatic 30-day waiting period as the agency intensifies scrutiny of E&P deals.

Kinder Morgan Exec: Don’t Count Out Midstream in M&A Frenzy

Kinder Morgan’s Allen Fore said 2024 should be an ‘interesting’ year in M&A during a discussion at DUG GAS+ Conference and Expo.

Kimmeridge-SilverBow Public Feud Gets Ugly as Firm Suggests New Directors

Kimmeridge Energy Management said in a letter that should SilverBow continue to “stonewall” consideration of a merger offer, shareholders should elect three new independent board members.

SilverBow Rejects Kimmeridge’s Latest Offer, ‘Sets the Record Straight’

In a letter to SilverBow shareholders, the E&P said Kimmeridge’s offer “substantially undervalues SilverBow” and that Kimmeridge’s own South Texas gas asset values are “overstated.”