Darren
Barbee
Oil and Gas Investor
BP Acquires TA for $1.3 Billion
BP’s acquisition of TravelCenters of America will add 280 travel centers across the U.S. to the company’s growing convenience and mobility business.
TotalEnergies and Corio to Joint Develop Offshore Wind in Taiwan
The joint venture between TotalEnergies and Corio Generation to develop the Formosa 3 offshore wind project in Taiwan is yet another in a history of joining forces to develop renewable energy projects.
Volume Over Value: A&D Market Primed for Active, But Thrifty Rebound
Despite large-cap publics such as Devon Energy, Diamondback and Marathon Oil dominating M&A in 2022, the overall deal count fell to the lowest level since 2005, according to Enverus.
New Capricorn Board Scraps NewMed Merger After Shareholder Revolt
"Taking into consideration the views expressed by shareholders... the board has resolved to advise shareholders to vote against the NewMed transaction," Capricorn Energy said.
A&D Minute: Closing Deals Left and Right [WATCH]
Also in this week's A&D Minute: See what Tudor, Pickering, Holt & Co. president Chad Michael has to say about 2023's M&A outlook.
Williams Closes MountainWest Natgas Transmission, Storage Acquisition
The MountainWest acquisition comprises approximately 2,000 miles of natural gas pipeline systems with about 8 Bcf/d of transmission capacity.
BP, Deep Wind Offshore Form Offshore Wind Joint Venture
BP is entering the South Korea offshore wind market in a joint venture agreement with Deep Wind Offshore.
Hess, Targa Dubbed “Rising Stars” by Moody’s
Moody’s Investor Service upgraded Hess Corp. and Targa Resources to “rising star” last year owing to promising developments in Guyana and substantial deleveraging in the U.S., respectively.
Sweetheart Deal? Vital Energy Announces Valentine’s Day Midland Basin Acquisition
Vital Energy, formerly known as Laredo Petroleum, said it entered a deal to purchase leasehold in the Midland Basin’s Upton and Reagan counties, Texas, in a deal worth more than $210 million.
Marketed: Foundation Energy Fund Operations 38-Well Package
Foundation Energy Fund IV-A LP et al retained EnergyNet for the sale of a 27 operated, 11 non-op package located in Logan and Weld counties, Colo.