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HomeM & A

M & A

Mergers, Acquisitions, and Divestitures impacting the world energy market

Phillips 66 offers to buy pipeline operator DCP Midstream
M & A

Phillips 66 offers to buy pipeline operator DCP Midstream

August 17, 2022 Stu Turley

HOUSTON, Aug 17 (Reuters) – U.S. refiner Phillips 66 (PSX.N) on Wednesday offered to acquire the public shares of gas and natural gas liquids pipeline operator   DCP Midstream (DCP.N) in a $7.2 billion deal.   Canadian pipeline […]

ET Renewable

Shapoorji Pallonji to offload 1.25 per cent stake in Sterling and Wilson Renewable Energy

August 13, 2022 Stu Turley

In a regulatory filing on Thursday, SWREL said, “Shapoorji Pallonji and Company Private Limited (seller) is one of (its) promoters. Construction firm Shapoorji Pallonjiand Company Private Limited has proposed to offload the 1.25 per cent […]

Devon
M & A

Devon Energy to buy Eagle Ford basin operator Validus for $1.8 billion

August 9, 2022 Mariel Alumit

Aug 9 (Reuters) – Shale producer Devon Energy (DVN.N) said on Tuesday it will buy Validus Energy, an Eagle Ford basin operator, for $1.8 billion in cash. The deal comes at a time when oil producers are […]

Chesapeake
M & A

Chesapeake Tightens Strategic Focus

August 5, 2022 Mariel Alumit

Chesapeake announced this week that it is solidifying its strategic focus on its “core” Marcellus and Haynesville positions. “Our acreage positions in the Marcellus and Haynesville are truly differentiated with industry leading capital efficiency, deep […]

Permian Basin
Finance

$219M Permian Basin oil and gas land sale closes, company to cash-in on region’s growth

August 2, 2022 Mariel Alumit

Denver-based oil and gas company Sitio Royalties continued to up its presence in the Permian Basin, buying up more land in the U.S.’ busiest oilfield as energy markets continue to grow amid renewed demand following […]

Baker Hughes
Exploration and Production

Baker Hughes sells Russian oil field services business to local management team

August 2, 2022 Mariel Alumit

(WO) — Baker Hughes agreed to sell its Oilfield Services business in Russia to its local management team, and the business will operate independently going forward, the company announced. The agreement follows the company’s previously […]

Nickel Road
Finance

Nickel Road Operating divests 17 wells, other assets in DJ Basin

August 1, 2022 Mariel Alumit

Nickel Road Operating LLC announced it divested a portion of its assets in the Denver-Julesberg (DJ) Basin to Bayswater Exploration and Production. The assets are positioned next to Bayswater’s existing holdings in Weld County and […]

France’s
Finance

Nickel Road Operating divests 17 wells, other assets in DJ Basin

July 30, 2022 Stu Turley

Nickel Road Operating LLC announced it divested a portion of its assets in the Denver-Julesberg (DJ) Basin to Bayswater Exploration and Production. The assets are positioned next to Bayswater’s existing holdings in Weld County and […]

Diversified Energy
M & A

Diversified Energy Announces Acquisition of Appalachian Plugging Company

July 27, 2022 Mariel Alumit

BIRMINGHAM, AL / ACCESSWIRE / July 27, 2022 / Diversified Energy Company PLC (LSE:DEC) (“Diversified” or “the Company”) announces that is has acquired the well services and plugging assets and operations of Contractor Services Inc. of […]

Devon Energy
Exploration and Production

Devon Closes $865 Million Cash Acquisition of RimRock Oil and Gas

July 23, 2022 Stu Turley

Devon Energy Corp. wrapped up its previously announced purchase of RimRock Oil and Gas LP on July 21, described by Devon as a “bolt-on” acquisition in the Williston Basin. Oklahoma City-based Devon had entered into a definitive […]

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