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).

Aug 15 2018 - 11:28am

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.

Aug 14 2018 - 4:15pm

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.

Aug 13 2018 - 11:15am

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.

Aug 9 2018 - 3:05pm

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.

Aug 9 2018 - 1:35pm

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.

Aug 8 2018 - 4:05pm

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.

Aug 6 2018 - 8:45am

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.

Aug 3 2018 - 10:00am

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.

Jul 30 2018 - 3:10pm

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.

Jul 25 2018 - 10:05am