This is your A&D Minute with Hart Energy Live at CERAWeek by S&P Global.
Canada's Baytex Energy is expanding its footprint in the Eagle Ford Shale in a big way. The Calgary-based company agreed to scoop up pure-play E&P Ranger Oil for $2.5 billion. It gives Baytex much needed inventory, but investors and analysts have raised questions about the company's strategy in South Texas. Will Eagle Ford deal-making continue to soar this year?
Aramco has completed its $2.65 billion acquisition of Valvoline's global products business, expanding the Saudi state-owned company's position in lubricants and motor oils. It kept its ownership of its network of service center locations and is now shifting into a pure-play auto services provider after the deal.
Canadian pipeline operator Enbridge is boosting its gas storage capacity along the Gulf Coast. It acquired a 35-Bcf salt cavern storage facility in Texas for $335 million. Embridge has taken advantage of other companies shedding non-core midstream assets recently, but we're wondering what will the company buy next?
That's your A&D Minute with Hart Energy Live at CERAWeek by S&P Global. Watch new A&D Minute episodes every Wednesday and sign up for our A&D Watch newsletter at hartenergy.com/transactions.
Recommended Reading
STRYDE Awarded Seismic Supply Contracts in Mexico
2024-09-03 - STRYDE was awarded two seismic node supply contracts in Mexico, the company’s first projects in the country.
ChampionX Releases New Plunger Lift Well Solution
2024-09-13 - The SMARTEN Unify control system is the first plunger lift controller in ChampionX’s SMARTEN portfolio.
PakEnergy Plows Ahead with New SCADA Solution
2024-09-17 - After acquiring Plow Technologies, home of the OnPing SCADA platform, PakEnergy looks to enhance its remote monitoring solutions.
Salunda, Intellilift Enter Pact to Optimize Automation in Well Construction
2024-08-21 - The agreement was signed following a successful pilot trial integrating Intellilift’s digital technologies with Salunda’s patented camera and wearable red zone monitoring solutions on a drilling rig.
Barrio Energy Acquires 12-MW Data Center in Texas
2024-08-22 - Barrio Energy’s new 12-megawatt data center in Tyler, Texas, brings the company’s number of data center properties in the state to five.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.