Collapse in US Gas Prices Dents Shale A&D
Price volatility has stymied reported plans by a unit of Tokyo Gas Co Ltd. to acquire Rockcliff Energy from private equity firm Quantum Energy Partners.
A&D Minute: Canada's Baytex Energy Expands in Eagle Ford in a Big Way [WATCH]
Also in this week's A&D Minute: Aramco completed its acquisition of Valvoline's global products business for $2.65 billion and pipeline operator Enbridge acquired a 5-Bcf salt cavern storage facility in Texas for $335 million.
Energy A&D Transactions from the Week of March 8, 2023
Here’s a snapshot of recent energy deals including Carrier Energy Partners' exit from the Eagle Ford Shale and Equinor's purchase of Suncor Energy's U.K. business for $850 million.
Carrier Energy Partners Divests Eagle Ford Assets for $145 Million
Carrier Energy’s Eagle Ford Shale Divestment closes out the company’s interests in the play and represents a sale of the company’s remaining assets, which previously included Permian Basin holdings.
Baytex Energy Stock Takes Hit as Investors Weigh $2.5B Ranger Oil Deal
Baytex Energy’s acquisition of Ranger Oil Corp. is financially accretive and adds much-needed inventory, but analysts and investors have questions about the $2.5 billion deal.
A&D Minute: Diamondback Doubles Down on M&A [WATCH]
Also in this week's A&D Minute: Chesapeake got a "much better deal" in its second Eagle Ford divestiture of the year and Quantum Energy dipped its toe in the D-J Basin.
The Eagle Ford Shale Takes Flight
The South Texas Eagle Ford Shale’s emergence as an M&A hot spot in late 2022 highlights the play’s market potential this year.
Hilcorp Affiliate Harvest Midstream to Purchase Paradigm’s Bakken, Eagle Ford Assets
Paradigm will sell three midstream gathering systems serving the Bakken, and another in the Eagle Ford, to Hilcorp-affiliate Harvest.
Baytex to Acquire Eagle Ford E&P Ranger Oil for $2.5 Billion
The deal is the latest Eagle Ford transaction following months of multi-billion dollar M&A by Marathon Oil, Devon Energy and, most recently, Chesapeake Energy.
Chesapeake Finds ‘Much Better Deal’ in Eagle Ford Sale to INEOS
INEOS Energy Chairman Brian Gilvary told Hart Energy the $1.4 billion Chesapeake acquisition adds “good, economic barrels to add to [the company’s] portfolio.”