Mergers and Acquisitions

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

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

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

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

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 …

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

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

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

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, …

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

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

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

(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 …

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

Oil Patch M&A Wave Recedes While Majors Digest Deals

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

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 …

Oil Patch M&A Wave Recedes While Majors Digest Deals Read More »

Tourmaline Oil to Buy Crew Energy in $947 Million Deal

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

Company pushes further into ranks of biggest energy producers Acquisition follows C$1.5 billion Bonavista deal last year Tourmaline Oil Corp. agreed to buy Crew Energy Inc. for C$1.3 billion ($947 million) as Canada’s biggest gas driller pushes to grow production in anticipation of rising gas demand for power and exports. The all-stock transaction is valued at approximately C$6.69 …

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Chevron Earnings Slide, Hess Merger Arbitration Drags On

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

By Sabrina Valle and Mrinalika Roy Aug 2 (Reuters) – Chevron Corp (CVX.N) on Friday posted sharply weaker second-quarter earnings and the oil major’s CEO discounted the chance to close a $53 billion acquisition of Hess Corp (HES.N) before mid-2025, sending shares down 3%. Shares were off 9% since Wednesday following company statements saying a …

Chevron Earnings Slide, Hess Merger Arbitration Drags On Read More »

Hess Shares Fall Most in 20 Months on Lengthy New Delay to Chevron Sale

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

HOUSTON, Aug 1 (Reuters) – Shares in U.S. oil producer Hess (HES.N) suffered their largest daily percentage drop in 20 months on Thursday on fallout from the lengthy new delay to its proposed sale to Chevron (CVX.N) An arbitration panel organized to hear an Exxon Mobil (XOM.N) challenge to the $53 billion sale will not …

Hess Shares Fall Most in 20 Months on Lengthy New Delay to Chevron Sale Read More »

Chevron’s Proposed Deal for Hess Faces New Delay Over Arbitration Schedule

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

Chevron Corp. N>’s proposed purchase of oil producer Hess faces a lengthy new delay, with an arbitration panel not expected to holding a hearing on the merits of the case until May 2025, the company said on Wednesday. Exxon Mobil in March filed an arbitration claim seeking a pre-emption right to be able to buy Hess’s …

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U.S. Oil and Gas Mergers Continue at Furious Pace in Q2

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

By Gary Mcwilliams Big dollar deals like Conoco-Marathon Oil driving activity Average price paid per undeveloped property up 68% this year Exxon’s deal for Pioneer kicked off latest wave of mergers HOUSTON, July 30 (Reuters) – U.S. oil and gas patch deals continued to run hot in the second quarter, topping $30 billion with big …

U.S. Oil and Gas Mergers Continue at Furious Pace in Q2 Read More »

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