Despite public opposition from some investors, Magellan Midstream Partners shareholders OK’d a $18.8 billion merger with midstream player ONEOK Inc., but analysts and investors still have questions about the deal.
Magellan Midstream investor Energy Income Partners had campaigned against the merger with ONEOK.
In this week's A&D Minute, Hart Energy's Jordan Soto is in Calgary, Alberta at the 24th World Petroleum Congress with Hart Energy LIVE, talking about the M&A market in the U.S. and Canada.
Norwegian energy data companies PGS and TGS announced they are merging to create a full-service energy data company.
The current wave of oil and gas consolidation exposes the supply chain and operational inefficiencies that stand in the way of achieving maximum ROI in both the short and long term.
In this week's A&D Minute, Barclay's Derek Podhaizer, vice president of equity research, comments on the energy industry's current trend towards unprecedented consolidation and how it will affect the industry's future.
The combination of Persist Oil and Gas and Dienerian Resources includes 60,000 net acres in the liquids-rich Montney Shale.
In this week's A&D Minute, upstream deals were made and midstream mergers were inked.
The combination of Patterson-UTI and NexTier Oilfield Solutions brings together a contract drilling business fleet with 172 super-spec drilling rigs and a completions business with 3.3 million hydraulic fracturing horsepower.
EIP calls the merger an example of “diworsification”