Acquisitions & Divestitures

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.

4:05 pm
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

Trican To Buy Canyon Services As Shale Drilling Ramps Up

A more than 50% fall in global crude prices since 2014 has triggered a wave of consolidation in the oilfield services industry, which has been battered by a sharp drop in service prices.

March 22, 2017
GUlfport Energy, Mammoth Energy, Appalachian, proppant prices, U.S. Silica

Mammoth Buys Sand Mine In ‘Scramble’ To Meet Proppant Demand

Mammoth also purchased Stingray’s water and cementing businesses from Gulfport Energy and other companies.

March 21, 2017
Marathon Magnifies Permian Position With 700 Million Bolt On

Marathon Magnifies Permian Position With $700 Million Bolt-On

The acquisition of largely Northern Delaware acreage follows Marathon’s $1.1 billion Permian purchase on March 9.

March 21, 2017