Shell USA to Acquire Midstream MLP in $1.96 Billion Buyout
Shell USA agreed to acquire all remaining interests in Shell Midstream Partners held by the public at $15.85 per public common unit in cash for a total value of approximately $1.96 billion.
Serica Energy Rejects Kistos’ Revised $1.4 Billion Merger Offer
Kistos, which has a market value of 439.2 million pounds compared with Serica’s 970.8 million, had earlier made public an offer of 382p for each share of Serica, which was rejected by the firm’s board in June.
Energy A&D Transactions from the Week of July 20, 2022
Here’s a snapshot of recent energy deals including the acquisition by ConocoPhillips of a stake in a Texas LNG project plus a $307 million stock-for-stock deal by Houston’s VAALCO Energy.
VAALCO Energy to Acquire TransGlobe in $307 million Stock-for-stock Deal
Houston VAALCO Energy and Canada’s TransGlobe Energy agreed to a stock-for-stock business combination the companies expect will create a diversified African-focused E&P business supporting sustainable growth and stockholder returns.
Energy A&D Transactions from the Week of July 13, 2022
Here’s a snapshot of recent energy deals including ArcLight’s sale of LOGOS for $402 million and Tellurian’s $125 million acquisition of EnSight plus Haymaker acquires a large-scale portfolio valued over $100 million.
Centennial, Colgate’s Delaware Basin Combination: An ESG Accretive?
Will bigger be better when it comes to ESG performance? Texas-based ESG Dynamics takes a closer look at Centennial Resource Development and Colgate Energy’s planned “merger of equals.”
Oil Tanker Owners Frontline and Euronav Sign Merger Deal
Transport companies Frontline and Euronav will combine after first announcing the intention to merger in April 2022.
Energy A&D Transactions from the Week of July 6, 2022
Here’s a snapshot of recent energy deals including Ring Energy’s acquisition of Stronghold in the Permian Basin for up to $465 million and the closing of Whiting and Oasis Petroleum’s $6 billion merger.
Whiting, Oasis Petroleum Become Chord Energy as Merger Closes
The new company, Chord Energy based in Houston, has a premier Williston Basin position with top tier assets across approximately 972,000 net acres and a pledge to return 60% of its free cash flow to shareholders.
Energy A&D Transactions from the Week of June 29, 2022
Here’s a snapshot of recent energy deals including another acquisition by Earthstone Energy for the Permian Basin New Mexico assets of Titus Oil & Gas for $627 million.