Sandy
Segrist
Hart Energy
Energy Transfer Picks Up Last of Permian’s Big, Private Midstreamers
Energy Transfer’s $3.25 billion deal for WTG Midstream aside, plenty of smaller midstream companies are available for M&A, an analyst says.
Apricus Generation Acquires Solar, Storage Developer Nexus Renewables
Nexus is the first strategic acquisition of holding company Apricus, which launched earlier this year.
Energy Capital Partners Raises $6.7B, Buys Atlantica
The New Jersey-headquartered Energy Capital Partners said its ECP V (Fund V) secured capital commitments of $4.4 billion plus an additional $2.3 billion of co-investment capital; the private equity firm also announced a $2.6 billion take-private of Atlantica Sustainable Infrastructure.
Aethon to Acquire Tellurian Haynesville Shale Assets for $260MM
Aethon Energy is acquiring Tellurian Inc.'s Haynesville Shale assets in a $260 million deal, allowing Aethon to continue growing as the basin's top private producer and for financially struggling Tellurian to prioritize its flagship Driftwood LNG project.
ConocoPhillips to Acquire Marathon Oil for $17.1B
The ConocoPhillips-Marathon Oil deal is valued at $22.5 billion when including $5.4 billion of debt and adds complementary acreage to ConocoPhillips’ Lower 48 portfolio with more than 2 Bbbl of resource.
Weatherford, Equinor Extend Completions, Slot Recovery Agreement
Weatherford’s technology will provide Equinor with simplified downhole architecture, cost savings and remote monitoring.
Hess Shareholders Approve Chevron Merger
Hess Corp. stockholders voted in favor of the company’s merger with Chevron Corp. during Hess’ May 28 special meeting.
Permian Resources Completes Liquidation of Canada’s Lynden Energy
Permian Resources said the liquidation of Lynden Energy, a subsidiary of Earthstone Energy, will simplify its corporate structure and reduce go-forward tax obligations at the time of the Earthstone acquisition.
Energy Transfer to Buy Permian Midstream Player WTG for $3.25B
Energy Transfer has agreed to purchase WTG Midstream Holdings’ assets, including Midland Basin core infrastructure, from Diamondback Energy, Stonepeak and the Davis Estate in a cash and stock deal.
Proxy Vote Preview: Chevron, Hess and Guyana Uncertainty
Chevron Corp. stockholders will vote on May 28 and Hess’ stakeholders on May 29 on a $53 million combination that largely centers on Hess’ stake offshore Guyana.