![Exxon Mobil’s Denbury Acquisition Clears Antitrust Hurdle](/sites/default/files/styles/hart_news_article_image_640/public/image/2023/09/exxon-mobils-denbury-acquisition-clears-antitrust-hurdle.jpg?itok=Cbzw0DAG)
Denbury said the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 has expired, leaving only Denbury stockholders to approve Exxon Mobil’s $4.9 billion acquisition of the company. (Source: Shutterstock)
Exxon Mobil’s $4.9 billion acquisition of Denbury Inc. has apparently cleared an antitrust regulation, Denbury said in a Sept. 12 news release.
Denbury said the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 has expired. An antitrust review was possible after Exxon agreed to acquire Denbury in an all-stock transaction in July.
Completion of the transaction is subject to the satisfaction of the remaining customary closing conditions, including approval by Denbury stockholders. The transaction is expected to close in the fourth quarter.
Recommended Reading
Permian Consolidation Piques Interest in Drill-to-earn Opportunities
2024-08-14 - Drill-to-earn arrangements have been utilized in the Permian for years in the forms of joint ventures, farm-outs and other customizable agreements.
Affiliates of Oxy to Sell Western Midstream Common Units
2024-08-13 - Western Midstream Partners announced the pricing of the underwritten secondary public offering of its common units.
Ingham Named President of Texas Alliance of Energy Producers
2024-08-12 - Karr Ingham served as interim president of the Texas Alliance of Energy Producers for nine months prior to assuming the full leadership position.
Archrock Offers $500 Million in Secure Notes for TOPS Deal
2024-08-12 - Archrock is raising debt and selling equity to pay for its $983 million acquisition of Total Operations and Productions Services.
Cheniere’s Corpus LNG Stage 3 Project on Track for Year-end Start
2024-08-09 - Cheniere Energy., which boasts 45 mtpa of LNG production capacity, is on schedule for first LNG production from its Corpus Christi LNG Stage 3 project by year-end 2024, the company’s CEO Jack Fusco said during a quarterly earnings webcast.