Acquisitions & Divestitures

Subsea 7 Makes $2 Billion Hostile Bid To Break Up McDermott's US Deal

Subsea 7 said in a statement on April 23 its bid proposal was subject to the termination of McDermott's pending transaction with CB&I.

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Canyon Creek Forms JV To Accelerate Arkoma Stack Drilling

Canyon Creek Forms JV To Accelerate Arkoma Stack Drilling

Canyon Creek CEO Luke Essman said the JV partnership with Pivotal Petroleum Partners signals a renewed interest in the Arkoma.

April 20, 2018

BHP Billiton Says US Shale Exit Going As Planned

BHP reiterated it expected bids for its U.S. shale assets by June and added that transactions could be announced in the first half of the 2019 financial year.

April 19, 2018

Weir Group To Buy US Mining Tool Maker For $1 Billion

Weir also said it would start a process to sell its flow- control division, which designs and manufactures process pumps and valves for power, oil and gas industries.

April 19, 2018
Latest Blank-Check Company Completes Upsized $414 Million IPO

Latest Blank-Check Company Completes Upsized $414 Million IPO

Pure Acquisition, led by Jack D. Hightower, is the latest blank-check company to emerge with an industry veteran at its helm.

April 18, 2018

Ward Energy Partners Sells D-J Basin Assets

Ward Energy Partners (WEP) sold Denver-Julesburg (D-J) Basin assets located in Adams and Weld counties, Colo., prospective for the Codell and Niobrara.

April 17, 2018

Drillcore Launches New Fund Targeting 'Overlooked' Upstream Assets

Drillcore is led by Evan Turner, who is formerly director and head of energy at StormHarbour Partners and a founding member of CohnReznick Capital’s oil and gas group.

April 17, 2018

Ares Management, ARM Energy Form JV To Develop Delaware Basin Midstream Company

Salt Creek will primarily be comprised of multiple cryogenic processing facilities, as well as gas and crude gathering pipelines, compression and treating facilities in the Delaware.

April 16, 2018

Carl Icahn Nominates Five To Replace Entire SandRidge Board

Last week, SandRidge said it would evaluate buyout offers, including Icahn's after he said he planned to nominate directors who would push for a sale of the company.

April 16, 2018

Breitburn Exits Bankruptcy As New EIG-Backed Company

Breitburn said it successfully completed its Chapter 11 reorganization and emerged as Maverick Natural Resources, a newly-formed company owned and operated by EIG.

April 13, 2018

SandRidge Says To Evaluate Buyout Offers, Including Icahn's

One of the best known of the hedge fund world's aggressive activist players who seek major changes in company strategies, Icahn has been railing against SandRidge Energy's management for months.

April 10, 2018

ExxonMobil, Qatar Reportedly In Talks For Potential US Shale Deal

The deal could take the shape of a joint venture in which Qatar could partner or invest in future wells with ExxonMobil's unit XTO Energy, the Wall Street Journal said.

April 10, 2018