Mergers, Acquisitions, and Divestitures impacting the world energy market
DENVER–(BUSINESS WIRE)–Sitio Royalties Corp. (NYSE: STR) (“Sitio” or the “Company”) today announced it has (i) completed the acquisition of over 19,700 net royalty acres (“NRAs”) in the Permian Basin from Foundation Minerals, a Midland-based portfolio […]
WILLOW PARK, Texas and HOUSTON, June 21, 2022 /PRNewswire/ — ProFrac Holding Corp. (NASDAQ: PFHC) (“ProFrac” or the “Company”) announced today that it has reached an agreement to acquire U.S. Well Services, Inc. (NASDAQ: USWS) (“USWS”) in […]
(Reuters) — The owners of THQ Appalachia I LLC are exploring a sale of the U.S. natural gas producer that could value it at more than $5 billion, including debt, sources told Reuters on Friday. Potential bidders […]
Chevron Corp. has completed its purchase of Iowa-based Renewable Energy Group Inc. (REG). Completion of the transaction follows REG shareholders’ approval of the proposed merger agreement at the renewable diesel producer’s May 17 annual meeting, Chevron and REG […]
News of a new Devon Energy Corp. acquisition might have had investors expecting an expansion in the Permian Basin. Instead, Devon’s $865 million Bakken bolt-on of RimRock Oil and Gas LP, announced on June 8, highlights the strategic value […]
DALLAS–(BUSINESS WIRE)–Matador Resources Company (NYSE: MTDR) (“Matador” or the “Company”) today announced that one of its wholly-owned subsidiaries has entered into a definitive agreement with a wholly-owned subsidiary of Summit Midstream Partners, LP (“Summit”) to […]
June 13 (Reuters) – Cenovus Energy Inc (CVE.TO) said on Monday it would buy British oil major BP Plc’s (BP.L) 50% stake in the Sunrise oil sands project in northern Alberta, as the Canadian energy company strengthens its position […]
Sabinal Energy, an oil producer backed by Kayne Anderson, is divvying up its assets for a sale of the company that could fetch more than $1 billion, according to people with knowledge of the situation. […]
(WO) — Devon agreed to acquire the leasehold interest and related assets of RimRock Oil and Gas, a Warburg Pincus portfolio company focused in the Williston Basin, for total cash consideration of $865 million. “This […]
Shell Retail and Convenience Operations, a wholly owned subsidiary of oil supermajor Shell, has completed the acquisition of certain company-owned fuel and convenience retail sites from Landmark Industries. Shell said that the acquisition also included […]
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