Amplify, Midstates to Combine in Estimated $720M All-Stock Deal

Houston-based independent Amplify Energy Corp. and Oklahoma’s Midstates Petroleum Co. Inc. have agreed to merge their operations in an all-stock transaction estimated to have an enterprise value of more than $720 million.

May 6, 2019
Appalachian Pure-Play Montage Sets New Strategy with Blue Ridge Merger

Appalachian Pure-Play Montage Sets New Strategy with Blue Ridge Merger

Montage Resources Corp., which emerged on Thursday after Appalachian pure-plays Eclipse Resources and Blue Ridge Mountain Resources officially combined, is aiming for double-digit production growth in the basin this year with a revamped strategy.

March 4, 2019

Avista, Hydro One Drop Merger Plans After State Rejections

Spokane, WA-based Avista Corp. and Canada-based Hydro One Ltd. on Wednesday pulled the plug on their 18-month effort to complete the Toronto electricity giant’s $5.3 billion takeover proposal.

January 24, 2019

Brief — Diamondback, Energen Merger

The merger proposed between Permian Basin producers Diamondback Energy Inc. and Energen Corp. has been approved by each company’s stockholders. Diamondback is acquiring the Birmingham, AL-based operator in an all-stock transaction estimated at $9.2 billion. The merger, set to be completed by Friday (Nov. 29), is giving Midland, TX-based Diamondback a total of 390,000 net acres across the Midland and Delaware sub-basins of the Permian, an 85% increase from Diamondback’s 211,000 net acres at the end of June.

November 28, 2018

SandRidge Rejects Offers, Chooses to Develop Assets Instead

SandRidge Energy Inc. said it plans to continue developing its assets in Colorado, the Mississippian Lime and the Midcontinent after the board determined that multiple offers for a merger or a sale fell short of expectations.

September 12, 2018

Briefs — California Energy Grants | House EV Bill | Honduran Reverse LNG Trade Mission | MVP Reviewing Court Decision | Southcross Terminals American Midstream Merger | Avista-Hydro One Merger | MVP Water Quality Certification

The California Energy Commission (CEC) is targeting the natural gas-consuming food processing industry with $57 million in grants provided by the Greenhouse Gas (GHG) Reduction Fund. The grants are aimed at adopting advanced energy efficiency and renewable energy technologies. CEC is offering grants to two tiers of potential projects. Individual grants of $100,000 to $3…

July 27, 2018
ICD, Sidewinder Combining U.S. Land-Based Drilling Fleets

ICD, Sidewinder Combining U.S. Land-Based Drilling Fleets

Houston-based Independence Contract Drilling Inc. (ICD) on Thursday said it would merge with cross-town rival Sidewinder Drilling LLC, a combination that would bring together contract drilling fleets concentrated in the Permian Basin and Haynesville Shale.

July 19, 2018

Calgary’s Baytex, Raging River Merger to Create Substantial Unconventional Player

Calgary-based competitors Baytex Energy Corp. and Raging River Exploration Inc. agreed Monday to merge in a transaction estimated to be worth close to C$5 billion (US$3.78 billion) to create an onshore producer with holdings in Western Canada and South Texas.

June 18, 2018

SandRidge Says All Offers on Table, Including Any by Icahn

Onshore producer SandRidge Energy Inc., buffeted by bankruptcy, squelched expansion plans and unsolicited takeovers, said Monday it now welcomes input on which direction to take, including any by the largest shareholder, Carl Icahn.

April 9, 2018
Permian Dealmaking Leads 1Q Worldwide Transactions, Led by Concho-RSP Merger

Permian Dealmaking Leads 1Q Worldwide Transactions, Led by Concho-RSP Merger

Supported by U.S. dealmaking in the Permian Basin, global upstream transactions hit $32 billion in the first quarter, according to oil and gas information provider 1Derrick.

April 4, 2018