Penn Virginia Resource Partners LP on Tuesday agreed to buy general partner Penn Virginia GP Holdings LP in a stock transaction valued at about $954.5 million.
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Mariner Strikes $215M Deal to Acquire Edge Petroleum
Mariner Energy Inc. has won a bidding auction to acquire the bankrupt operations of natural gas-weighted Edge Petroleum Corp. in a transaction valued at $215 million. The transaction, set to close by the end of the month, has been approved by the bankruptcy court in which Edge’s Chapter 11 case is pending, which will allow Mariner to build its presence onshore.
Mariner Strikes $215M Deal to Acquire Edge Petroleum
Mariner Energy Inc. has won a bidding auction to acquire the bankrupt operations of natural gas-weighted Edge Petroleum Corp. in a transaction valued at $215 million. The transaction, set to close by the end of the month, has been approved by the bankruptcy court in which Edge’s Chapter 11 case is pending, allowing Mariner to build its presence onshore.
Denbury, Encore to Combine in $4.5B Deal
Denbury Resources Inc., an oil recovery specialist, and Encore Acquisition Co. have agreed to merge in a transaction initially valued at $4.5 billion, including debt. According to Denbury, the merger could result in the sale next year of noncore assets, including Encore’s natural gas-weighted properties.
Denbury, Encore to Combine in $4.5B Deal
Denbury Resources Inc., an oil recovery specialist, and Encore Acquisition Co. on Sunday agreed to merge in a transaction initially valued at $4.5 billion, including debt. According to Denbury, the merger could result in the sale next year of noncore assets, including Encore’s natural gas-weighted properties.
Baker Hughes Banks on Shale Gas in BJ Services Deal
Baker Hughes Inc. struck a cash-and-stock deal valued at $5.5 billion shortly after midnight Monday to acquire shale fracturing expert BJ Services Co., in the largest oilfield services acquisition in more than a decade.
Consol Eyes $932M Purchase of Last CNX Gas Shares
Consol Energy Inc. will make an offer for all of the outstanding shares of independent producer CNX Gas Corp. in a stock-for-stock deal valued at approximately $932 million, the company said last Tuesday. Coal producer Consol, which already owns approximately 81.7% of CNX’s 151 million shares, said it was making the offer to diversify its energy mix.
Consol Energy to Offer $932 Million for Outstanding CNX Gas Shares
Consol Energy Inc. will make an offer for all of the outstanding shares of independent producer CNX Gas Corp. in a stock-for-stock deal valued at approximately $932 million, the company said Tuesday. Coal producer Consol, which already owns approximately 81.7% of CNX’s 151 million shares, said it was making the offer to diversify its energy mix.
Calgary’s Petrobank, Peerless Agree to Friendly Merger
Calgary-based Petrobank Energy and Resources Ltd. agreed to buy cross-town junior explorer Peerless Energy Inc. in a friendly deal valued at about C$334 million.
Transocean, GlobalSantaFe to Merge Drilling Contracting Operations
Transocean Inc. and GlobalSantaFe last Monday announced that their boards of directors approved a cash-and-stock deal valued at roughly $50 billion to combine the two leading offshore oil and natural gas drilling contractors.