Acquisition

Chart Industries Inc. has agreed to acquire Utah-based Sustainable Energy Solutions Inc. (SES) for $20 million in cash in a deal that would allow it to expand into carbon capture for liquefied natural gas (LNG) producers. Atlanta-based Chart said this week it has signed a letter of intent to acquire SES, but added that the…

Houston-based Maverick Natural Resources LLC said Wednesday it acquired FourPoint Energy LLC, a prominent producer in the western part of the Anadarko Basin. Both U.S. onshore-focused Maverick and FourPoint are majority owned and controlled by funds and accounts managed by Washington, DC-based EIG Global Energy Partners. Under terms of the all-equity merger, FourPoint became a…

An affiliate of Warren Buffet’s Berkshire Hathaway Inc. said Monday that it has taken stakes in five of Japan’s biggest trading companies, which have significant oil and natural gas holdings worldwide.  Subsidiary National Indemnity Company has acquired more than 5% of the outstanding shares of Itochu Corp., Marubeni Corp., Mitsubishi Corp., Mitsui & Co. and…

ConocoPhillips is nearly doubling its leasehold and adding substantial production in Western Canada’s natural gas-rich Montney Shale following a $375 million bolt-on purchase from Calgary-based Kelt Exploration Ltd. The transaction in northeastern British Columbia (BC) announced Wednesday would add 140,000 net acres and an estimated 15,000 boe/d of output in a liquids-rich zone known as…

Houston-based Black Bear Transmission LLC has acquired a portfolio of natural gas transmission assets from a subsidiary of Third Coast Midstream LLC that span 1,400 miles in Alabama, Louisiana and Mississippi. The six intrastate pipeline system has capacity of more than 800 MMcf/d with interconnectivity to long-haul pipelines.  This is Black Bear’s second bolt-on acquisition.…

Houston offshore explorer Talos Energy Inc., which has holdings throughout the Gulf of Mexico, said it has bolted on 16 natural gas-heavy assets in its core U.S. holdings. The properties on the Outer Continental Shelf offshore Louisiana, in which Talos already has stakes, are being acquired from Castex Energy 2005 for an estimated $65 million,…

Liquefied Natural Gas Ltd. (LNGL) has lined up yet another deal to sell some assets after a transaction with Global Energy Megatrend Ltd. fell through this week.

Houston-based independent Occidental Petroleum Corp. (Oxy) said Tuesday it has named Magnolia Oil and Gas Corp. CEO Stephen Chazen as chairman in an apparent concession to activist shareholder Carl Icahn.

Houston-based W&T Offshore Inc. has become the operator and majority owner of the Magnolia field in the deepwater Gulf of Mexico (GOM) in a $20 million acquisition from ConocoPhillips.