M&A

Laclede Buying Alabama Utility From Energen

The Laclede Group Inc. is buying Alabama's largest natural gas utility, Alabama Gas Corp. (Alagasco), from Energen Corp. in a $1.6 billion deal that continues to grow Laclede's utility footprint while making Energen a pure-play exploration and production (E&P) company. Read More

Canada, U.S. M&A Pumps Up E&P First Quarter Activity

Canadian Natural Resources Ltd.'s $2.8 billion purchase of Devon Energy Corp.'s conventional natural gas and oil assets in Canada in the first quarter was the largest exploration and production (E&P) acquisition in North America and the second largest worldwide, according to Evaluate Energy. Read More