Acquisitions & Divestitures

General Electric Affirms Commitment To Baker Hughes, Shares Rise

Baker Hughes shares, which rose as much as 9% from the day’s low, closed at $26.76 on the New York Stock Exchange, up about 1.2%.

9:52 am
CNX, Appalachia, Marcellus, Utica, M&A, Diversified gas & oil, M&A, DGO, Rusty Hutson Jr

Diversified Gas & Oil Strikes Two Appalachian Deals For $180 Million

Diversified Gas & Oil has agreements to purchase Alliance Petroleum for $95 million and assets from CNX Resources for $85 million, the company said.

February 21, 2018

Natgas Producer EQT To Spin Off Midstream Operations Amid Investor Pressure

Midstream entity will become the third-largest gas gathering hub in U.S. after spin-off.

February 21, 2018
Three Rivers Operating, Delaware Basin, 3ROC, Oil, Gas, Riverstone Holdings, Mike Wichterich, M&A

Riverstone: Three Rivers To Sell All Delaware Basin Assets

Three Rivers, headed by CEO Mike Wichterich, will sell its 57,000-net-acre position to an undisclosed buyer after initially marketing its Permian Basin assets last April.

February 20, 2018
Linn Energy, Greg Augsburger, Anadarko Basin, Silver Run, Alta Mesa, M&A, Midcontinent, Arkoma, Kingfisher, Oklahoma, Scoop, Stack, Merger

Against the Grain: Citizen Energy CEO Talks Pure Plays, Midcontinent A&D

Citizen Energy CEO Greg Augsburger loves the Anadarko Basin but is unconvinced by the ‘in vogue’ pure-play trend, preferring to chase rocks that give the best results.

February 16, 2018

Apollo Backs Frack Sand Logistics Provider Tidewater With Capital Investment

Tidewater Logistics said the capital investment by Apollo will fund a pipeline of new customer and expansion opportunities. The terms of the transaction weren't disclosed.

February 16, 2018

Dover Wellsite Business To Be Named Apergy

Dover's spin-off transaction for its "Wellsite" upstream energy businesses, on track for completion in May,  will be named Apergy and be headquartered in The Woodlands, Texas.

February 16, 2018

Granite Construction To Acquire Layne Christensen In $565 Million Stock Deal

Deal positions Granite as a national leader across both transportation and water infrastructure markets

February 14, 2018
Linn Energy Hits Another High Note With West Texas Asset Sale

Linn Energy Hits Another High Note With West Texas Asset Sale

Linn Energy has sold more than $1.8 billion in assets as it prepares to divide into three companies, including one in the Oklahoma Stack.

February 14, 2018

Bankrupt Breitburn Rebuffs Lime Rock Resources' $1.8 Billion Bid

Lime Rock’s $1.8 billion “stalking horse” offer tops a $1.6 billion enterprise valuation by Breitburn’s investment bank.

February 13, 2018
WildHorse Jumps To Eagle Ford Shale With Louisiana Asset Sale

WildHorse Jumps To Eagle Ford Shale With Louisiana Asset Sale

WildHorse Resource Development sold about 90,000 net acres in North Louisiana for $217 million, with net proceeds to prop up drilling in the Eagle Ford Shale where the company also bought acreage.

February 12, 2018
Doug Lawler, Joeseph Mills, Chesapeake Energy, Samson Resources, NAPE 2018, jobs, exhibition, Midland Basin, EnergyNet, Chevron

For NAPE, A Return To Form After Two Years Of Industry Gloom

For an exhibition that prides itself on being “where deals happen,” transactions were consummated and optimism crackled among a crowd of more than 12,000.

February 12, 2018

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