The Patterson-UTI, NexTier merger will create a comprehensive drilling and completions franchise in U.S. land with leadership positions in contract drilling, directional drilling and pressure pumping, according to Patterson-UTI CEO Andy Hendricks.
Asset manager Energy Income Partners says the taxes on ONEOK’s deal to buy Magellan Midstream Partners will exceed the premium offered by ONEOK or any potential benefits from a combination.
Former Rice Energy Inc. CEO Danny Rice will now lead a power generation company, NET Power, backed by Occidental Petroleum, Baker Hughes, SK Group and other investors.
Regaining investor trust–and access to their cash–is on the horizon as the E&P sector returns record profits to investors, a panel of experts said during Hart Energy’s SUPER DUG conference.
Harbour Energy and Talos Energy have discussed a combination on-and-off for at least half a month, but according to sources, results of these talks could be on the horizon.
Experts say U.S. minerals and royalties teams are getting bigger, holding acreage for longer periods and bringing a more sophisticated approach to M&A.
Rahul Vashi will co-chair the oil and gas practice at Gibson Dunn, specializing in A&D.
In addition to the joint venture, SK Group also committed $50 million in PIPE financing for NET Power and RONI's proposed $1.5 billion business combination.
The combination of Oklahoma companies ONEOK and Magellan Midstream Partners is expected to create one of the nation’s largest public midstream operators.
The combination of Livent, based in the U.S., and Australia’s Allkem will create an industrial enterprise that spans four continents and will deliver expertise to expand metal supplies to automakers such as Tesla, General Motors and BMW, the companies said.