Acquisitions & Divestitures

Chesapeake Energy Closes Nearly $4 Billion Acquisition Of Eagle Ford Producer WildHorse

Chesapeake Energy completed its acquisition of WildHorse Resource Development Corp. on Feb. 1, creating an Eagle Ford oil producing powerhouse.

February 1, 2019

Weir Group Reportedly Close To Selling Unit For About $390 Million

Weir Group is close to selling a unit, which supplies pumps and valves to power and oil and gas industries, a source with knowledge of the matter told Reuters.

January 31, 2019
The Pure-Play Risk For Shale Industry

The Pure-Play Risk For Shale Industry

Specialization works—until it doesn’t. Oil and gas specialists would be wise to consider these hidden risks in pursuing the pure-play strategy.

January 31, 2019

Chevron To Buy Pasadena Refinery From Petrobras For $350 Million

Chevron, which reported an increase in shale production in the third quarter, has said it wants a second Gulf Coast facility to handle that crude and better supply its retail gasoline network.

January 31, 2019

Exxon Mobil, Plains All American To Build Permian Crude Pipeline

A joint venture between Exxon Mobil, Plains All American and Lotus Midstream has agreed to build a new crude pipeline to connect the Permian Basin in West Texas to the Texas Gulf Coast.

January 30, 2019
Core Wattenberg Operator Nonop Sale Among Few January Deals

Core Wattenberg Operator Nonop Sale Among Few January Deals

PetroShare’s sale of nonop interest in Colorado’s Wattenberg Field marks only the third upstream A&D deal in the U.S. publically announced so far this year.

January 29, 2019

Drillinginfo Partners With Hart Energy’s Rextag For New Midstream Analytics Service

Drillinginfo formed a new strategic collaboration with Hart Energy’s Rextag unit to create a combined midstream business product dubbed Drillinginfo Midstream Infrastructure.

January 29, 2019

Colorado Oil And Gas Mineral Rights Law Challenged By Activist Group

The lawsuit is the latest effort by environmental activists to tighten drilling regulations in Colorado, which is the fifth largest oil-producing state in the U.S.

January 24, 2019

Saudi Aramco Eyes Multibillion-Dollar US Gas Acquisitions

Saudi Aramco CEO Amin Nasser says his company is looking to acquire natural gas assets in the U.S. and is willing to spend "billions of dollars" there as it aims to become a global gas player.

January 23, 2019

Tallgrass, Kinder To Lift Oil Transport Capacity From Rockies

Project would combine Pony Express with Wyoming Interstate and Cheyenne Plains.

January 22, 2019
QEP Resources Explores Sales Process Following Haynesville Deal

QEP Resources Explores Sales Process Following Haynesville Deal

Rystad Energy values QEP Resources’ Midland assets in the Permian Basin at $4 billion, about twice the value of a takeover offer made by activist investor Elliott Management.

January 22, 2019
Percussion Petroleum: A Play On The Yeso

Percussion Petroleum: A Play On The Yeso

A start-up in early 2016, Percussion Petroleum has found success with horizontal pay from New Mexico’s Yeso in the Permian Basin.

January 17, 2019

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