Acquisitions & Divestitures

Interior Department To Review Energy Royalty Rates On Federal Land

Interior Secretary Ryan Zinke said the committee would advise him on whether the government is getting a fair price from companies that lease public land for energy and natural resource development.

1:05 pm

Total Energy Buys Savanna, Stranding Western Energy Deal

Savanna Energy Services Corp said March 29 it has terminated an agreement to be purchased by Western Energy Services Corp. after Total Energy Services Inc. purchased Savanna’s shares through the Toronto Stock...

9:28 am
Williston Basin, Energy 11, Aubrey McClendon, Whiting Petroleum, Bakken, Three Forks, David S. McKenney

Energy 11’s Final Deals? Company Spends $180 Million In Williston

The company’s management and owners are creating a new investment vehicle to acquire oil and gas properties.

March 28, 2017

Water Services Firms Rockwater, Crescent Agree To $207 Million Merger

Together, Rockwater and Crescent will create one of the largest oilfield water management services companies serving key shale plays across the U.S. and Western Canada, according to the release.

March 28, 2017
kibsgaard, Schlumberger, Weatherford International, Halliburton, Latham & Watkins,  JV, OneStim,

Schlumberger, Weatherford JV Creates $3.8 Billion Frack Leviathan

The JV, called OneStim, will rival Halliburton’s frack fleet in the U.S. and Canada and further shrinks the pressure pumping marketplace to the detriment of smaller companies, an analyst said.

March 27, 2017

Former Anadarko CEO James Hackett To Lead Silver Run Acquisition II

James Hackett, former chairman and CEO of Anadarko Petroleum Corp., will serve as CEO of the new Silver Run Acquisition Corp. II, an energy-focused SPAC.

March 26, 2017

Schlumberger, Weatherford To Form OneStim JV

The JV will offer 'one of the broadest multistage completions portfolios in the market combined with one of the largest hydraulic fracturing fleets in the industry,' according to the release.

March 24, 2017
Mammoth Energy, Arty Straehla, Proppant, Chieftain, Taylor Frac, U.S. Silica, Oasis Petroleum, A&D

Proppant Suppliers Deal For Sand To Meet Rising E&P Meet Demands

Sand costs are rising and many sand companies, such as U.S. Silica, are seeing supplies sold out as proppant loading increases.

March 24, 2017

Pengrowth Continues Noncore Sales With Montney Divestment

The sale follows Pengrowth's divestment of noncore assets in the Swan Hills area in north-central Alberta for CA$180 million on March 20.

March 24, 2017
White Star, Devon Energy, Stack, Scoop, Elliot J. Chambers, Cody Campbell, John Sellers

Triple-A's: White Star’s Acquisition Trifecta Add 49,000 Acres

The acquisitions add to the 210,000 net acres Devon Energy sold to White Star in 2016.

March 22, 2017
Gastar Exploration Adds To Stack Position With New Financing

Gastar Adds To Stack Position With New Financing

The company faces liquidity restraints but a deal with Ares Management gives it flexibility to make acquisitions.

March 22, 2017

Newly-Formed Titan Rock Eyes A&D With Equity Commitment

The Dallas-based E&P is focused on the acquisition and development assets in North America, with a primary focus on the Haynesville Shale of East Texas/North Louisiana and the Permian Basin.

March 22, 2017