Topic / M&A

Subscribe

M&A

U.S. E&P Dealmaking Escalates to End 2020, with Permian Capturing Most Value

U.S. E&P Dealmaking Escalates to End 2020, with Permian Capturing Most Value

After a relatively solid run, U.S. natural gas dealmaking in 2020 slumped sharply, as oil deals, nearly all revolving around the Permian Basin, took off, according to Enverus. The consultancy reported the findings in its summary of top domestic upstream mergers and acquisitions (M&A) by exploration and production (E&P) companies for the fourth quarter and…

January 8, 2021
Devon Completes Permian-Fueled WPX Takeover

Devon Completes Permian-Fueled WPX Takeover

Devon Energy Corp. has completed its all-stock merger of Lower 48 rival WPX Energy Inc., giving the independent an even bigger toehold in the Permian Basin’s Delaware formation. The combined company, operating under the Devon moniker, would continue to be headquartered in Oklahoma City. The takeover of WPX was announced in September.  The transaction gives…

January 8, 2021
Gas South’s Infinite Energy Acquisition Expands Southeastern Footprint

Gas South’s Infinite Energy Acquisition Expands Southeastern Footprint

Atlanta-based natural gas marketer Gas South said it has completed its takeover of Infinite Energy, creating the largest retail natural gas provider in the Southeast.  With the acquisition, Gas South expects to double its annual revenue to $1 billion, providing natural gas to around 425,000 customers in Florida, Georgia, North Carolina and South Carolina. Gas…

January 4, 2021
UGI to Acquire Mountaineer Energy, including West Virginia LDC, in Deal Valued at $540M

UGI to Acquire Mountaineer Energy, including West Virginia LDC, in Deal Valued at $540M

UGI Corp. said Monday it would acquire Mountaineer Energy Holdings LLC, which owns the largest natural gas local distribution company (LDC) in West Virginia, for an enterprise value of $540 million, including about $140 million of debt. The acquisition would hand UGI control of Mountaineer Gas Co., a single-state LDC adjacent to UGI’s existing utility…

January 4, 2021
Appalachian Consolidation Continues as West Virginia Natural Gas Trade Groups Merge

Appalachian Consolidation Continues as West Virginia Natural Gas Trade Groups Merge

West Virginia’s leading oil and natural gas trade groups have merged in a sign of how the Appalachian Basin has changed in recent years. The merger between the Independent Oil and Gas Association of West Virginia (IOGA) and the West Virginia Oil and Natural Gas Association is set to take effect Jan. 1, when the…

December 31, 2020
Oklahoma’s Blueknight Rakes in $162 Million for Crude Oil Midstream Assets

Oklahoma’s Blueknight Rakes in $162 Million for Crude Oil Midstream Assets

In a move that transitions Blueknight Energy Partners LP into a pure-play, downstream terminalling business, the Tulsa, OK-based company via three separate transactions has agreed to sell its crude oil terminalling, pipeline and trucking business segments for about $162 million in cash, including estimated crude oil linefill and inventory. “This announcement represents a significant milestone…

December 22, 2020
Permian Independent Earthstone Snags Midland Assets in Latest Upstream Consolidation

Permian Independent Earthstone Snags Midland Assets in Latest Upstream Consolidation

Permian Basin operator Earthstone Energy Inc. is increasing its scale with an agreement to acquire privately held Independence Resources Management LLC (IRM) for about $185.9 million in a cash and stock deal. The transaction, announced on Friday and expected to close in the first quarter of 2021, consists of an estimated $135.2 million in cash…

December 22, 2020
Shell Streamlines Portfolio with Minority Stake Sale in Australian LNG Facility

Shell Streamlines Portfolio with Minority Stake Sale in Australian LNG Facility

Royal Dutch Shell plc is simplifying its portfolio with an agreement to sell a minority interest in the Queensland Curtis liquefied natural gas (QCLNG) common facilities to Global Infrastructure Partners Australia for $2.5 billion. Shell subsidiary QGC Common Facilities Company Pty Ltd. is selling a 26.25% stake in the QCLNG facility, which includes LNG storage…

December 21, 2020
TC Energy Simplifying Organization in Deal to Acquire Pipelines MLP

TC Energy Simplifying Organization in Deal to Acquire Pipelines MLP

TC Energy Corp. is seeking to streamline the business with an agreement to acquire its pipeline partnership in an all-stock deal valued at $1.68 billion. The Calgary-based midstream company said Tuesday it has a definitive merger agreement to exchange common shares of all of the outstanding common units of TC PipeLines LP (TCP), its publicly…

December 15, 2020
Chevron’s Integration with Noble Midstream Looks to Expand Activity in Colorado’s DJ

Chevron’s Integration with Noble Midstream Looks to Expand Activity in Colorado’s DJ

Colorado’s Denver-Julesburg (DJ) Basin is expected to take the bulk of midstream activity in 2021 by a new affiliate created between Noble Midstream Partners LP and Chevron Corp. Houston-based Noble Midstream said Tuesday it had successfully integrated into a new Chevron affiliate. The integration followed Chevron’s completed merger in October with Noble Energy Inc.  “Noble…

December 8, 2020
‹ Previous 1 2 3 52