Mergers and Acquisitions

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$144B of Transactions in Recording-Setting 4Q23 for Upstream M&A

Energy Topics & Technology, Latest, Mergers and Acquisitions, Press Releases / By

ExxonMobil and Chevron lead the charge to secure future resource, but will this historic consolidation continue? CALGARY, Alberta (January 23, 2024) — Enverus Intelligence Research (EIR), a subsidiary of Enverus, the most trusted energy-dedicated SaaS company, is releasing its summary of Q4 and full-year 2023 upstream merger and acquisition (M&A) activity. Q4 recorded a massive …

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More U.S. Energy Deals Likely in 2024 in Wave of Consolidation

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

The U.S. energy sector has entered a new phase of consolidation as the industry went on a $250-billion buying spree in 2023, and experts see more transactions on the horizon. The majority of energy executives polled in December by the Federal Reserve Bank of Dallas expected more oil deals worth $50 billion or higher to …

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Gas Station Owner Sunoco to Buy NuStar Energy for $7.3 Billion

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

Move comes after Sunoco sold convenience stores to 7-Eleven Deal would add crude oil transportation and storage for Sunoco Sunoco LP, a US gas station owner, agreed to acquire pipeline and fuel storage company NuStar Energy LP for about $7.3 billion in a move to diversify its business and buy up a key part of its supply …

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Breaking It Down: Chesapeake $7.4 Bln Deal Finds Safety in Numbers

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

(Reuters Breakingviews) – Chesapeake Energy  is the latest to join the fossil-fuel merger rush, and has the benefit of safety in numbers. That’s true in two ways: first, because its $7.4 billion purchase of Southwestern Energy is financially attractive for Chesapeake shareholders, and secondly because Boss Nick Dell’Osso is treading an M&A path that rivals like Exxon Mobil  and …

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Chesapeake to Become Top U.S. Natural Gas Producer With $7.4 billion Deal for Southwestern

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

(Reuters) – Chesapeake Energy (CHK.O) said on Thursday it would buy smaller rival Southwestern Energy (SWN.N) in an all-stock transaction valued at $7.4 billion, a deal that would enable the second-largest U.S. natural gas producer to take the top spot. The move extends a recent spate of multi-billion deals in the U.S. energy sector including Exxon Mobil’s (XOM.N) $60-billion Pioneer Natural …

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COMMENTARY: Shell Will be Tempted to Join U.S. M&A Party

Latest, Mergers and Acquisitions, US News / By

(Reuters Breakingviews) – Wael Sawan is sitting on the sidelines. The chief executive of $214 billion European oil major Shell  has watched Exxon Mobil and Chevron undertake chunky deals in the Permian, one of the world’s most profitable and fast-growing oilfields. In 2024 he could let his U.S. rivals get bigger, or he could amp up his pivot away from renewable energy and …

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Southwestern and Chesapeake Energy Near $17-Billion Merger

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

Southwestern Energy and Chesapeake Energy are close to a merger that would create a roughly $17-billion company that would rank as one of the largest U.S. natural-gas producers, the Wall Street Journal reported on Friday. The deal could come together as soon as next week, the report said, citing people familiar with the matter, provided …

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Canadian Dealmaking Seen Rebounding in 2024, Led by Energy, Mining

CDN and International News, Latest, Mergers and Acquisitions / By

Canadian energy, power and mining companies are expected to lead a rebound in dealmaking this year helped by lower interest rates, following a slump in overall mergers and acquisitions in 2023 to the lowest since the outbreak of COVID-19, bankers said. Money markets are betting that the Bank of Canada (BoC), which raised interest rates …

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