Mergers and Acquisitions

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Chesapeake Energy Corporation and Southwestern Energy Company Combination Expected to Close in the First Eeek of October

Hart-Scott-Rodino Act waiting period has expired Company to be rebranded as Expand Energy and trade on NASDAQ under “EXE” ticker symbol OKLAHOMA CITY and SPRING, Texas, Sept. 26, 2024 /PRNewswire/ — Chesapeake Energy Corporation (NASDAQ: CHK) and Southwestern Energy Company (NYSE: SWN) today announced the waiting period in connection with the companies’ pending combination under …

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FTC Set to Greenlight Chevron’s $53 Bln Buy of Oil Rival Hess, Sources Say

The U.S. Federal Trade Commission is expected to greenlight U.S. oil producer Chevron’s purchase of Hess as soon as this week, two people familiar with the matter said, leaving Exxon Mobil’s challenge to the $53 billion deal as its final hurdle.                      The proposed merger was first …

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Chesapeake Energy Says Deal for Southwestern Energy to Close Early in 4Q

Chesapeake Energy’s $7 billion acquisition of rival natural gas producer Southwestern Energy is expected to close early in the fourth quarter, CEO Nick Dell’Osso said on Wednesday. The deal was delayed earlier this year after the U.S. Federal Trade Commission requested additional information from the two. Chesapeake announced the all-stock purchase in January and originally …

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Quantum Capital Seals $1.8 Billion Deal for Caerus Oil and Gas

Quantum Capital Group has acquired Caerus Oil and Gas for about $1.8 billion including liabilities. Houston, Texas-based Quantum announced the closing of the deal in a statement on Monday. Bloomberg News reported in June that Quantum would buy the Rocky Mountain energy explorer. It’s doing the deal through portfolio companies QB Energy and Koda Resources. QB Energy is acquiring …

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Quantum Capital Seals $1.8 Billion Deal for Caerus Oil and Gas

Quantum Capital Group has acquired Caerus Oil and Gas for about $1.8 billion including liabilities. Houston, Texas-based Quantum announced the closing of the deal in a statement on Monday. Bloomberg News reported in June that Quantum would buy the Rocky Mountain energy explorer. It’s doing the deal through portfolio companies QB Energy and Koda Resources. QB Energy is acquiring …

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Hess Guyana’s Secret Value Becomes Part of Exxon Arbitration, Sources Say

Summary Panel to consider independent appraisal of Hess Guyana Exxon sees Chevron-Hess merger as disguised asset buy, say sources Hess Guyana makes up 70% of Chevron’s $53 bln bid, say analysts Chevron, Hess see appraisal as irrelevant to arbitration case Aug 20 Chevron  last October offered to pay $53 billion for Hess, one of the two biggest deals …

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Hess Guyana’s Secret Value Becomes Part of Exxon Arbitration, Sources Say

Summary Panel to consider independent appraisal of Hess Guyana Exxon sees Chevron-Hess merger as disguised asset buy, say sources Hess Guyana makes up 70% of Chevron’s $53 bln bid, say analysts Chevron, Hess see appraisal as irrelevant to arbitration case Aug 20 Chevron  last October offered to pay $53 billion for Hess, one of the two biggest deals …

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Quantum Capital Group Acquires Assets from Caerus Oil and Gas for $1.8 Billion

Establishes QB Energy to Own and Operate the Piceance Assets Existing Quantum Portfolio Company KODA Resources to Own and Operate the Uinta Assets HOUSTON, Aug. 19, 2024 (GLOBE NEWSWIRE) — Quantum Capital Group (“Quantum”) and Caerus Oil and Gas (“Caerus”) today announced the closing of a transaction under which Quantum, via two separate portfolio companies, …

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Energy Producer Maverick’s Owner Explores Sale Valuing it at $3 Billion, Sources Say

(Reuters) The private equity owner of Maverick Natural Resources is exploring a potential sale that could value the U.S. oil and gas producer at nearly $3 billion, including debt, according to people familiar with the matter. The Houston-based exploration and production company, which is owned by energy-focused investment firm EIG, is working with investment bankers …

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Oil Patch M&A Wave Recedes While Majors Digest Deals

Exxon, Chevron helped drive robust year for dealmaking Smaller producers like Devon, Permian Resources clinched deals Bloomberg News Some shale producers are seeking deals even as the biggest names in oil and gas, Exxon Mobil Corp. and Chevron Corp., remain on the sidelines digesting their mega mergers after a blistering run. Dealmaking activity in the sector is poised …

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