Acquisitions & Divestitures

SNC-Lavalin To Buy UK-Based WS Atkins For $2.7 Billion

SNC-Lavalin Group is expanding its global consulting, design and project management capabilities with the takeover of U.K.-based WS Atkins.

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BP Reportedly Might Sell Canadian Oil Sands Assets

BP is considering the sale of its stakes in three Canadian oil sands projects, people familiar with the matter told Reuters this week, as part of its strategy of retreating from noncore businesses.

April 20, 2017

UAE's TAQA Considers Sale Of North American Oil, Gas Assets

TAQA’s North American oil and gas business is based in Calgary with some of its properties in its South Area extending into Montana, North Dakota and Wyoming in the U.S.

April 20, 2017
Permian Basins $21 Billion Haul Leads Record First-Quarter Acquisition Divestiture Activity

Permian Basin’s $21 Billion Haul Leads Record First-Quarter A&D Activity

However, sellers’ value expectations may lead to a widening of the bid-ask spread, PwC said.

April 20, 2017

LNG Developer NextDecade To Merge With Blank-Check Company

Founded in 2010, NextDecade is a developer of LNG projects that is currently focused on a land-based U.S. Gulf Coast export project located close to the Permian and Eagle Ford.

April 19, 2017
Blackstones 2 Billion Adds EagleClaw Midstream In Delaware Basin

Blackstone’s $2 Billion Adds EagleClaw Midstream In Delaware Basin

Within one week, $3.5 billion in midstream A&D activity has lit up the Midland and Delaware basins.

April 17, 2017
Interests Formerly Owned By Aubrey McClendon Up For Sale In Arksansas

Interests Formerly Owned By Aubrey McClendon Up For Sale In Arkansas

Nonop interest in 1,700 producing Fayetteville and Moorefield shale wells, once owned by McClendon while he was Chesapeake’s CEO, are for sale.

April 14, 2017

Chevron Reportedly Exploring Sale Of Canadian Oil Sands

Chevron is exploring the sale of its 20% stake in Canada's Athabasca Oil Sands project, which could fetch about $2.5 billion, according to people familiar with the situation.

April 13, 2017
ConocoPhillips Sells San Juan Assets To Hilcorp For 3 Billion

ConocoPhillips Sells San Juan Assets To Hilcorp For $3 Billion

Within two weeks, a pair of ConocoPhillips’ deals, including a divestiture of Canadian oil sands assets, results in gross proceeds of more than $16 billion in the early innings of 2017.

April 13, 2017
Delaware Basin SPAC

Three Rivers: The Delaware Basin, SPACs And Acreage Math

A Delaware Basin-focused producer describes where the special-purpose acquisition companies will spend and why $20,000 an acre is relatively cheap.

April 12, 2017

Schlumberger Agrees To $390 Million Vaca Muerta Deal With YPF

Argentina's state-run oil company YPF and Schlumberger have reached a deal to invest $390 million in the Vaca Muerta shale field in Patagonia, YPF said April 12.

April 12, 2017

Waterous PE Firm Targets Canada, US Energy Assets

Private equity firm Waterous Energy is targeting companies in Canada and the U.S. and is finding Canada particularly appealing, said Adam Waterous.

April 12, 2017