Mergers and Acquisitions

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Hedge Fund Elliott Commands Attention in C-suites as Relentless Activist

Conventional Energy, Energy Topics & Technology, Exploration & Production, Latest, LNG, Mergers and Acquisitions, Natural Gas, Oil, US News / By

When Elliott Investment Management buys into a company to agitate for change, bankers and lawyers who have faced the hedge fund say executives can expect a strong view on their shortcomings, backed by meticulous research and financial firepower. Now, storied oil giant BP is in Elliott’s sights. The investment firm, which manages $70 billion, has …

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TPG to Buy Solar Firm Altus Power for $2.2 Billion

Energy Topics & Technology, Latest, Mergers and Acquisitions, Renewable Energy, Solar, US News / By

(Reuters) – Buyout firm TPG’s climate investment arm will acquire Altus Power in an all-cash deal worth $2.2 billion, including the assumption of debt, the companies said in a statement on Thursday. The announcement, confirming a Reuters report from December that TPG Rise Climate was in talks to acquire Altus, sent shares in the company …

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Big Oil’s Wave of Buyouts Sets Up Next Leg of Energy IPO Rebound

Conventional Energy, Energy Topics & Technology, Exploration & Production, Latest, LNG, Mergers and Acquisitions, Oil, US News / By

Large US producers have moved to purchase competitors Energy investors have ‘lost a ton of names’ in past 18 months After a burst of oil and gas M&A deals, demand for new investment targets and buoyant natural-gas prices are helping drive a rebound in IPO activity in the energy industry to start 2025. The largest …

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US Upstream Oil and Gas Dealmaking Hit $105 Billion in 2024, Enverus Says

Conventional Energy, Latest, Mergers and Acquisitions, US News / By

Dealmaking in the U.S. upstream oil and gas industry hit $105 billion in 2024, the third highest annual total ever, but activity slowed in the second half as buyers found fewer targets to acquire, consultancy Enverus said on Wednesday. Last year’s total deal value fell sharply behind the whopping $192 billion in mergers and acquisitions …

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Diversified Energy to Buy Maverick to Expand US Oil Asset Base

Conventional Energy, Energy Topics & Technology, Latest, Mergers and Acquisitions, Natural Gas, Oil / By

Diversified Energy Company Plc agreed to acquire Texas-based energy producer Maverick Natural Resources to expand its scale as US President Donald Trump makes higher oil production a key priority. Alabama-based Diversified signed a definitive agreement to acquire Maverick, which is in the portfolio of energy and infrastructure investor EIG, for about $1.28 billion, including the assumption of debt, with payment …

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Northern Oil and Gas in bid to acquire smaller rival Granite Ridge, sources say

Conventional Energy, Energy Topics & Technology, Latest, Mergers and Acquisitions, Oil, US News / By

Reuters – Northern Oil and Gas (NOG.N), opens new tab has made an acquisition offer for Granite Ridge Resources (GRNT.N), opens new tab, a smaller U.S. producer with operations in basins including the Permian and Eagle Ford, according to people familiar with the matter. Minneapolis, Minnesota-based Northern has submitted at least two offers for Granite …

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Crescent Energy to Buy Ridgemar Energy’s Eagle Ford Basin Assets for $905 mln

Energy Topics & Technology, Latest, Mergers and Acquisitions, US News / By

Dec 3 (Reuters) – Crescent Energy (CRGY.N) said on Tuesday it would acquire Carnelian Energy Capital-backed Ridgemar Energy’s assets in the Eagle Ford basin in Texas for a cash-and-stock deal of $905 million. The deal, which is expected to close in the first quarter of 2025, also includes an additional payment of $170 million by …

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ConocoPhillips Completes Acquisition of Marathon Oil Corporation

Energy Topics & Technology, Latest, Mergers and Acquisitions, US News / By

HOUSTON–(BUSINESS WIRE)–ConocoPhillips (NYSE: COP) today announced that it has completed its acquisition of Marathon Oil Corporation (NYSE: MRO). “This acquisition of Marathon Oil is a perfect fit for ConocoPhillips, adding to our deep, durable and diverse portfolio while meeting our strict financial framework,” said Ryan Lance, chairman and chief executive officer. “Marathon Oil adds high-quality, low cost of …

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Coterra Energy to Buy Oil and Gas Assets for $3.95 billion

Conventional Energy, Energy Topics & Technology, Latest, Mergers and Acquisitions, Natural Gas, Oil / By

U.S. oil and gas producer Coterra Energy said on Wednesday it would acquire certain assets of Avant Natural Resources and its affiliates and Franklin Mountain Energy in New Mexico for an aggregate consideration of $3.95 billion in cash and stock deals. The transactions are expected to close during the first quarter of 2025. The company …

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Elliott Amasses $5 Billion-Plus Stake in Honeywell

Energy Topics & Technology, Latest, Mergers and Acquisitions, OFS-Oilfield Services, US News / By

Investment is the largest ever in a single stock for Elliott Honeywell urged to consider breaking up like industrial peers Elliott Investment Management has built a $5 billion-plus position in Honeywell International Inc. and is pushing the industrial giant to pursue a break up. The activist investment firm wants Honeywell to separate into two standalone companies, one focused …

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