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Hart Energy
ConocoPhillips to Acquire Marathon Oil for $17.1B
The ConocoPhillips-Marathon Oil deal is valued at $22.5 billion when including $5.4 billion of debt and adds complementary acreage to ConocoPhillips’ Lower 48 portfolio with more than 2 Bbbl of resource.
Weatherford, Equinor Extend Completions, Slot Recovery Agreement
Weatherford’s technology will provide Equinor with simplified downhole architecture, cost savings and remote monitoring.
Hess Shareholders Approve Chevron Merger
Hess Corp. stockholders voted in favor of the company’s merger with Chevron Corp. during Hess’ May 28 special meeting.
Permian Resources Completes Liquidation of Canada’s Lynden Energy
Permian Resources said the liquidation of Lynden Energy, a subsidiary of Earthstone Energy, will simplify its corporate structure and reduce go-forward tax obligations at the time of the Earthstone acquisition.
Energy Transfer to Buy Permian Midstream Player WTG for $3.25B
Energy Transfer has agreed to purchase WTG Midstream Holdings’ assets, including Midland Basin core infrastructure, from Diamondback Energy, Stonepeak and the Davis Estate in a cash and stock deal.
Proxy Vote Preview: Chevron, Hess and Guyana Uncertainty
Chevron Corp. stockholders will vote on May 28 and Hess’ stakeholders on May 29 on a $53 million combination that largely centers on Hess’ stake offshore Guyana.
EOG Resources, BP, Shell Bid in Trinidad Oil and Gas Auction
BP, Shell and EOG Resources companies bid for the Modified UC Block, which is near to the Teak, Sammaan and Poui producing fields.
Martin Resource Offers to Buy Spinoff Martin Midstream for $100.3MM
Martin Resource Management created Martin Midstream through an IPO in 2002.
Earthstone’s Anderson Relaunches, Seeks Conventional
The new E&P PetroPeak Energy will also take a look at unconventional property in the Eagle Ford and Austin Chalk.
Sell High, Invest Low: Kinetik CEO on Creating Value with Durango Deal
Kinetik CEO Jamie Welch walks through the company's process for acquiring Durango Permian, including selling its 16% stake in the Gulf Coast Express pipeline, and shares his takeaways on challenges in the Permian today, in this Hart Energy Exclusive interview.