Mergers, Acquisitions, and Divestitures impacting the world energy market
ExxonMobil has announced that it has signed an agreement with subsidiaries of BKV Corporation for the sale of operated and non-operated Barnett Shale gas assets in Texas for $750 million. The deal includes additional payments, […]
Centennial Resource Development Inc., a shale oil producer in the Permian Basin, agreed to acquire private equity-backed rival Colgate Energy in a cash-and-stock deal valued at about $2.5 billion. The deal creates “the largest pure-play […]
DENVER and MIDLAND, Texas, May 19, 2022 (GLOBE NEWSWIRE) — Centennial Resource Development, Inc. (“Centennial” or the “Company”) (NASDAQ: CDEV) and Colgate Energy Partners III, LLC (“Colgate”) today announced they have entered into an agreement […]
(P&GJ) — ArcLight Capital Partners has closed a $857 million deal to acquire Targa Resources’ wholly-owned subsidiary, which owns a 25% stake in the Gulf Coast Express Pipeline (GCX) in the Permian Basin. The 853-km (530-mile) Gulf […]
Formation of Granite Ridge creates a scaled, non-operated oil and gas exploration and production company with an unlevered balance sheet and immediate free cash flow generation Assets include a diversified portfolio of production and top-tier […]
MIDLAND, Texas, May 16, 2022 (GLOBE NEWSWIRE) — Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback”) and Rattler Midstream LP (NASDAQ: RTLR) (“Rattler”) today announced that, on May 15, 2022, they entered into a definitive agreement for […]
Shell Overseas Investments B.V. and B.V. Dordtsche Petroleum Maatschappij – subsidiaries of oil and gas supermajor Shell – have signed an agreement to sell Shell’s retail and lubricants business in Russia Shell Neft to Lukoil. […]
EOG Resources, Inc., one of United State’s largest and astute exploration and production companies, is the operator of record DALLAS, May 5, 2022 /PRNewswire/ — Rising Phoenix Royalties (RPR) reveals the purchase of an overriding royalty interest from an […]
Chevron will join Talos Energy and Carbonvert in developing the Bayou Bend CCS offshore carbon capture and sequestration project in the Gulf of Mexico off the coast of Jefferson County, Texas. Talos and Carbonvert, through […]
The transaction is expected to close later in 2022 New Delhi: Global energy giant,Shell, on Friday said it is set to acquireSprng Energy, a Pune-basedrenewableenergy company, for $1.55 billion. According to the official press release, […]
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