Mergers and Acquisitions

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Kimmeridge Ready to Negotiate Proposed Offer for SilverBow After Latest Rebuff

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

Kimmeridge Energy Management said on Monday it remained ready to engage with SilverBow Resources over its takeover bid, days after the U.S. oil and gas producer rejected the latest offer that valued it at $2.1 billion including debt. The activist investor, the top shareholder in SilverBow, in an open letter said the company did not …

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Gas Producer SilverBow Says Kimmeridge Offer Is Far Too Low

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

SilverBow Resources Inc. says an offer by activist investor Kimmeridge Energy Management Co. to combine the Texas oil and natural gas producer with its own unit is far too low. The Houston-based company said in a letter to shareholders Thursday that Kimmeridge’s unsolicited offer to combine its Texas gas assets with SilverBow in exchange for 32.4 million shares priced at …

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Hess Board Recommends Shareholders Vote in Favor of Chevron Merger -Filing

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

Hess Corp on Thursday said in a securities filing that its board unanimously recommended shareholders vote in favor of the company’s sale to Chevron Corp, and that Exxon Mobil had initially supported the deal. The $53 billion deal’s closing has been delayed by a second request for information by the U.S. Federal Trade Commission and by contract arbitration …

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U.S. Pipeline Firms Poised to Follow Biggest Customers into M&A

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

U.S. energy pipeline and storage operators have spent two years watching the consolidation of oil and gas producers, and now they are gearing up for the merger wave to hit their sector, executives, investors, and analysts said. The midstream sector has a lot of specialized midsize firms and only a handful of very large operators …

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Williams Companies Ruled Out Bid for Tellurian, Executive Says

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

HOUSTON, March 19 (Reuters) – Pipeline operator Williams Companies  looked at acquiring struggling liquefied natural gas (LNG) developer Tellurian, but considered its export project not that attractive, the company’s strategy chief said on Tuesday. Tellurian said this week it would consider offers for its proposed Driftwood LNG gas export terminal after unsuccessfully pursuing long-term sales and purchase agreements …

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Enservco Announces Agreement to Acquire Accretive Energy Logistics Business to Diversify the Company

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Addition of Buckshot Trucking to Provide New Logistics Service Offerings Through Growing and Historically Profitable Business Acquisition to Generate Increased Operational and Financial Flexibility with Year-Round Business Not Dependent on Weather Buckshot’s Founders and Team to Remain in Place to Support Integration and Drive Further Growth in Overall Business LONGMONT, Colo., March 20, 2024 (GLOBE …

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Exxon Mobil CEO Says Not Trying to Acquire Hess

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

Exxon Mobil CEO Darren Woods on Monday said his company is trying to secure preemption rights over Hess Corp’s Guyana assets in its dispute with Chevron, not buy the company itself. In his first public remarks on the company’s pursuit of an arbitration case that could block Chevron’s $53 billion deal for Hess, Woods said Exxon …

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CERAWEEK 2024: Oil Mergers, Clean Fuels vie for Attention at Houston Energy Conference

Biofuels, Carbon Capture, Conferences, Conventional Energy, Energy Topics & Technology, Events, Exploration & Production, Latest, LNG, Mergers and Acquisitions, Natural Gas, Oil, Trade Shows, US News / By

HOUSTON, (Reuters) – Top oil executives and ministers descend on Houston this week for one of the world’s biggest energy conferences emboldened by blockbuster mergers, stable oil prices and less pressure for a large-scale move to clean fuels. Global oil prices have remained in a range between $75 and $85 per barrel, a level fueling …

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EQT to Acquire Mountain Valley Pipeline Owner for $5.5 Billion

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

Controversial project is due to be completed in second quarter Equitrans was spun out of EQT in 2018 after investor pressure US natural gas producer EQT Corp. agreed to buy back former unit Equitrans Midstream Corp. for about $5.5 billion in stock, the latest in a flurry of deals in the oil and gas pipeline industry. The transaction will …

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Anatomy of the Deal: A $35 Bln Gas Reunion Tracks a Topsy-Turvy Market

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

(Reuters Breakingviews) – Gas producer EQT’s old management weathered an activist investor outcry, squeaked through an expensive deal, and spun off its pipeline division – only to be ejected by the executives they bought out. Now, new management is putting the pieces back together, on Monday striking a merger with that spinoff, Equitrans Midstream. It’s a sign …

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