Acquisitions & Divestitures

Diamondback Energy Shares Drop On $9.2 Billion Deal For Shale Rival

Diamondback Energy Inc. (NASDAQ: FANG) shares fell 10% early on Aug. 15 following the U.S. oil and gas...

August 15, 2018
Diamondback To Acquire Energen In $9.2 Billion All-Stock Deal

Diamondback To Acquire Energen In $9.2 Billion All-Stock Deal

The transaction comes days after Diamondback Energy said it would add to its Northern Midland position with the roughly $1.25 billion cash-and-stock purchase of Ajax Resources.

August 14, 2018
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Carrizo Acquires Devon Acreage In Delaware Basin For $215 Million

Carrizo now has 46,000 net acres in the Delaware Basin including 26,300 net acres in its Phantom area.

August 14, 2018
E&P Deal Flow Dilemma

E&P Deal Flow Dilemma

The change in investor sentiment has in turn altered how private-equity sponsors and portfolio companies exit.

August 14, 2018

Ensign Launches C$947 Million Takeover Bid For Trinidad Drilling

Analysts with Tudor, Picking, Holt & Co. said Ensign’s proposed acquisition of Trinidad would create one of the largest North American land drillers with critical mass in many key international markets.

August 13, 2018

S.T.L. Resources Executes Partnership With UGI Energy Services

S.T.L. Resources, an independent oil and gas company focused on Appalachian Basin assets, announced it recently closed on a strategic partnership with an affiliate of UGI Energy Services.

August 10, 2018

ExxonMobil Joins Kinder Morgan, EagleClaw, Apache On Permian Highway Pipeline Project

ExxonMobil signs a letter of intent; XTO Energy to be a shipper on pipeline.

August 10, 2018

Houston-Based Directional Drilling Firm SDI Reportedly Seeking Buyer

The sale process for Houston-based SDI began recently, said three sources who spoke on condition of anonymity as the information has not been made public.

August 9, 2018
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Apache, Kayne Anderson Form Partnership, New Midstream Company

Altus Midstream will open with a market value of $3.5 billion as it becomes a power player in the Permian Basin.

August 8, 2018

Oxy Sells Terminal, Pipeline In 2 Deals Worth $2.6 Billion

Moda to acquire Oxy Ingleside Energy Center Terminal; Lotus buying Centurion Pipeline.

August 8, 2018
Diamondback To Acquire Ajax Resources For $1.2 Billion

Diamondback To Acquire Ajax Resources For $1.2 Billion

Diamondback Energy will add top-tier horizontal drilling locations across three zones in the Northern Midland Basin to its portfolio as part of the Ajax acquisition.

August 8, 2018
Executive Q&A: Ascent In The Utica

Executive Q&A: Ascent In The Utica

CEO Jeff Fisher is turning a vision into reality for Ascent Resources in Ohio’s Utica Shale.

August 8, 2018

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