Transaction

BP’s $10.5B Leap into Lower 48 Onshore with BHP Buy ‘Transformational’

BP’s $10.5B Leap into Lower 48 Onshore with BHP Buy ‘Transformational’

BP plc late Thursday agreed to pay $10.5 billion to acquire nearly all of BHP’s massive U.S. onshore portfolio, giving it entry into the Permian Basin in West Texas, doubling its Haynesville Shale position and adding attractive acreage in the Eagle Ford Shale.

July 27, 2018

Briefs — EQT, Rice Merger

EQT Corp., to appease restive shareholders concerned about the $8 billion deal to acquireRice Energy Inc., has launched a nationwide search to add two “independent” board members with midstream experience. The directors would join an internal committee to be formedonce the transaction is completed. Some investors have pushed EQTto scrap the merger and instead separate the midstream and upstream businesses. A special shareholder meeting to approve the merger has been scheduled for Nov. 9. EQT’s board has approved the transaction.

October 25, 2017

Mexico’s CRE Publishes First Monthly Natural Gas Price Index

Marketers in Mexico sold natural gas at an average of price $4.10/MMBtu in July, the first month since the country implemented its capacity reservation regime.

August 21, 2017

Brief — WGL Holdings

WGL Holdings Inc. shareholders have approved the company’s plan to merge operations with Calgary-based AltaGas Ltd. During a special shareholder meeting at WGL’s corporate offices Wednesday, a proposal to approve the transaction was approved by 96.22% of the shares voted, which represented 71.88% of all outstanding WGL shares of common stock entitled to vote, the company said. The boards of directors of WGL and AltaGas have already unanimously approved the transaction, which is expected to close in the second quarter of 2018. The C$8.4 billion (US$6.4 billion) purchase was announced by the utilities in January. Under terms of the friendly takeover, the utility for which WGL is named — Washington Gas Light Co. — would not change its brand and would retain all current staff including executives. It will keep regulated public energy services in Maryland, Virginia and the District of Columbia, the merger partners said.

May 11, 2017

NatGas Trading Increased For First Time in Four Years in 2015, Analyst Says

The amount of natural gas traded in the United States increased in 2015 for the first time in four years, with overall trading volumes up 4.1% compared to 2014, according to an analysis of FERC Form 552 submissions by Cornerstone Research.

July 14, 2016
‘Traditional,’ Smaller E&P Deals Dominating in North America

‘Traditional,’ Smaller E&P Deals Dominating in North America

Few mega-deals have hit the oil and gas sector for awhile, but North American oil and gas transactions have accelerated, particularly in the Permian Basin and in Oklahoma, as commodity prices strengthen, the bid/ask spread tightens and capital markets access improves, Fitch Ratings said Thursday.

July 14, 2016
Seven Generations Boosting Montney Shale NatGas Focus in C$1.9B Deal With Paramount

Seven Generations Boosting Montney Shale NatGas Focus in C$1.9B Deal With Paramount

Calgary-based Seven Generations Ltd. (7G) on Wednesday struck a C$1.9 billion ($1.47 billion) deal to expand its natural gas opportunities in the Montney Shale in a transaction that also would bring aboard cross-town rival Paramount Resources Ltd. as a 10% stakeholder.

July 7, 2016

U.S. NatGas, Oil Dealmaking Sluggish as ‘Valuation Gaps’ Hinder Sales

Last year was the slowest in eight years for dealmaking in the U.S. natural gas and oil patch, and tepid sales activity continued through the first quarter, according to researchers.

April 21, 2016

U.S. NatGas, Oil Dealmaking Sluggish as ‘Valuation Gaps’ Hinder Sales

Last year was the slowest in eight years for dealmaking in the U.S. natural gas and oil patch, and tepid sales activity continued through the first quarter, according to researchers.

April 21, 2016

Callon Stocking Up in West Texas, Nearly Doubling Permian Running Room

Callon Petroleum Co. said late Tuesday it is acquiring close to 16,000 net acres, 192 net locations and 2,884 boe/d in private transactions that will nearly double its position in the Permian Basin of Texas.

April 20, 2016
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