Here’s a snapshot of recent energy deals including Oasis Petroleum’s $510 million midstream deal plus the acquisition of a Pioneer Natural Resources oilfield service subsidiary by oil mogul George Kaiser.
The flurry of M&A deals underscores the Canadian energy sector’s desire to grow to benefit from the rebound in oil prices as global fuel demand picks up. It also reflects smaller companies betting on economies of scale.
Following a flurry of big-name consolidation and a prolonged period of regulatory revision, operators are adapting to the new norm. But while production is expected to remain steady, rigs are rare.
Here’s a snapshot of recent energy deals including the closing of the $465 million acquisition of Williston Basin private operator Bruin E&P by Enerplus plus a merger agreement between Houston-based oilfield services provider Frank’s International and Expro Group.
Soak up the A&D love, Bakken Shale. The reports are true. As of early February, two sellers and two buyers did what comes naturally: transact.
Here’s a snapshot of recent energy deals including the closing of Riley Exploration Permian’s all-stock merger with Tengasco plus Chevron’s $1.32 billion buyout of Noble Midstream.
Here’s a snapshot of recent energy deals including Permian Basin acquisitions by U.S. Energy Development comprising interests in oil development projects in the Delaware Basin.
SPACs have taken Wall Street by storm, raising billions for as-yet unidentified acquisition targets—but will they return to save the oil and gas space?
It’s not the Keynes kind; it’s the Jack London kind. E&P executives are restless, according to a Dallas Fed survey, and they’re going mano a mano for market share. Will it manifest in consolidation? Where to next for the sellers? For some, it’s a new land rush: energy transition.
After the traumas of 2020, we see some positive signs in traditional oil and gas, although we are not naïve enough to think the industry will have smooth sailing from here on.