This is one of the largest midstream deals in years. It'll create one of the nation's largest oil and gas midstream players in the Gulf Coast, midcontinent and beyond. ONEOK is acquiring Magellan Midstream Partners and a cash-and-stock deal valued at $18.8 billion.
Northern Oil and Gas and Vital Energy are partnering on a $540 million acquisition in the Permian Basin after jointly agreeing to buy Forge Energy's assets in the Delaware Basin. This adds production in undeveloped drilling locations in West Texas and ends Vital's status as a Midland Basin pure play. What other E&Ps do you think will buy in the Delaware this year?
Lithium producers Allkem and Livent are coming together in a $10.6 billion merger to create the world's third largest lithium manufacturer. The companies aim to capitalize on growing demand for lithium driven by EVs and energy storage. Will the market see more clean energy-focused consolidation?
Tune in next week for your A&D minute with Hart Energy LIVE at the first SUPER DUG conference and exhibition in Fort Worth. Get your tickets before we sell out! Be the first to watch new episodes every Wednesday with our A&D Watch newsletter. Sign up at hartenergy.com/transactions.
Recommended Reading
Vantage Drilling Names Williams Thomson as New COO
2024-12-31 - Thomson is currently Vantage’s chief commercial officer and CTO and has served the company since 2008.
Baker Hughes Wins Contracts for Woodside’s Louisiana LNG Project
2024-12-30 - Bechtel has ordered gas technology equipment from Baker Hughes for the first phase of Woodside Energy Group’s Louisiana LNG development.
Berry Closes Debt Refinancing to Uphold Growth Commitments
2024-12-26 - Berry Corp. closed a debt refinancing agreement to continue its corporate strategy of promoting scale and diversification.
Venture Global LNG Files Paperwork for IPO
2024-12-20 - Venture Global LNG filed initial paperwork for an IPO on Dec. 20, about a week after the company’s Plaquemines LNG facility started production.
Dividends Declared Week of Dec. 16
2024-12-20 - As fourth-quarter 2024 nears its end, here is a compilation of dividends declared from select upstream, midstream and service and supply companies.
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.