Merger

As the company continues to discuss merger possibilities with the Chicago Mercantile Exchange (CME), Nymex Holdings, parent company of the New York Mercantile Exchange Inc. (Nymex), on Friday reported record 4Q2007 and full-year 2007 revenues.

Onshore operator Edge Petroleum Corp., which is 86% weighted to natural gas, is on the market, looking for a buyer or a merger deal.

Onshore operator Edge Petroleum Corp., which is 86% weighted to natural gas, has put itself on the market, looking for a buyer or a merger deal.

It was almost a decade ago when the oil and gas industry saw the beginning of the mega-merger era with BP plc’s acquisition of Amoco (see NGI, Aug. 24, 1998). That deal and the other consolidation plays that followed were triggered by low oil prices as the majors were striving to lower their costs.

It was almost a decade ago when the oil and gas industry saw the beginning of the mega-merger era with BP plc’s acquisition of Amoco (see Daily GPI, Aug. 12, 1998). That deal and the other consolidation plays that followed were triggered by low oil prices as the majors were striving to lower their costs.

Aquila Inc. and Great Plains Energy Inc. Friday filed required notifications for antitrust clearance for their proposed merger, saying the 30-day initial waiting period under the Hart-Scott-Rodino Act will expire on Aug. 27.

ConocoPhillips CEO Jim Mulva said it’s unlikely the company will pursue any significant acquisitions or consider any merger opportunities for the foreseeable future.

ConocoPhillips CEO Jim Mulva said it’s unlikely the company will pursue any significant acquisitions or consider any merger opportunities for the foreseeable future.

Pogo Producing Co. confirmed last week that it is still exploring the possible sale or merger of the company after announcing the sale of Canadian subsidiary Northrock Resources Ltd. for $2 billion in cash to Abu Dhabi National Energy Co. (TAQA).