Here’s a snapshot of recent energy deals including Diversified Energy’s acquisition of ConocoPhillips Midcon assets for $240 million and the sale of Baker Hughes’ Russian oilfield services business.
An analyst by Mercer Capital showed production per acreage deals have skyrocketed 10x in the past six months, pushing the limits of what could constitute an economically feasible deal in the Permian Basin.
The world’s biggest oil and gas companies are generating more money than ever while spending relatively little of it. Bankers are now asking whether the majors might be tempted to turbocharge their transition strategies with a big acquisition.
Here’s a snapshot of recent energy deals including an agreement by Shell USA to acquire all remaining interests in Shell Midstream Partners in a $1.96 billion buyout.
After a quiet first half of 2022, the roughly $770 million spent on acquisitions in June and July is the first sign that the mineral rights and oil and gas royalty industry is coming to grips with the current chaotic state of the global economy.
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.
M&A deals may be smaller and growth constrained, but capital discipline has positioned oil and gas companies on firmer ground to endure a downturn, experts tell Hart Energy.
Upstream oil and gas companies continue to suffer from a double standard in the markets, with low equity valuations causing headaches for equity-based deals.
The Permian Basin remained the “deal engine” of Lower 48 M&A in the second quarter with $5.5 billion in transactions, according to an Enverus report.
Production growth is limited by investment, and investors want fewer and larger companies, Wood Mackenzie’s Benjamin Shattuck says. Here’s how the oil and gas industry can return to growth.