Two New York-based capital firms say a May proposal by Martin Resource Management to buy Martin Midstream for $100 million represents a “below market and conflict-ridden proposal,” while the firm’s own offer has been rebuffed.
With the acquisition of distributed power provider Mobile Energy Rentals, oilfield services player Solaris sees opportunity to grow in industries outside of the oil patch—data centers, in particular.
Spain’s Enagás is selling its Tallgrass Energy interests to Blackstone Infrastructure Partners in exchange for some needed capital.
California Resources Corp. closed an acquisition of Aera Energy to become California’s top oil and gas producer. Now, CRC President and CEO Francisco Leon wants to grow from a one-rig to an eight-rig drilling program—but faces stiff pushback from regulators and environmental advocates in the Golden State.
Following the closing of its deal to acquire Mobile Energy Rentals, Solaris Oilfield Infrastructure will also be rebranding to Solaris Energy Infrastructure to more closely represent its expanded solutions offerings.
Honeywell is growing its energy transition services offerings with the acquisition of Air Products’ LNG process technology and equipment business for $1.81 billion.
Gas-weighted assets’ M&A values have declined with gas futures since 2022, according to J.P. Morgan Securities analysis.
PE firms Post Oak Energy Capital and Genesis Park sold the Delaware Basin’s Layne Water Midstream to an undisclosed buyer.
Diversified Energy’s $106 million deal with Crescent Pass Energy comes during a prolonged dip in natural gas prices that some analysts expect to rebound as demand ramps up for LNG exports and power demand.
ChampionX, which is being acquired by SLB for $7.7 billion, bought RMSpumptools Ltd. for about $110 million.