Mergers and Acquisitions

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Chord Energy and Enerplus Complete Combination, Creating Premier Williston-Focused E&P Company

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

HOUSTON, May 31, 2024 /PRNewswire/ — Chord Energy Corporation (NASDAQ: CHRD) (“Chord”, “Chord Energy” or the “Company”) and Enerplus Corporation (TSX: ERF) (NYSE: ERF) (“Enerplus”) announced today the completion of their previously announced business combination (the “Arrangement”). The Arrangement was approved by Chord and Enerplus shareholders on May 14, 2024 and May 24, 2024, respectively, and received …

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Oil Giants Exxon, Chevron Lean on Big-Ticket Deals to Build Bigger Reserves

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

Cash-rich Exxon Mobil and Chevron are bolstering their oil and gas drilling inventory with multi-billion-dollar takeovers as they bet on resilient demand for years to come. The consolidation wave sweeping through the U.S. energy sector that spurred deals worth $250 billion in 2023 shows no signs of slowing as companies rush to deploy their cash …

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Conoco’s Marathon Deal is Cheap and Cheerful

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

(The author is a Reuters Breakingviews columnist. The opinions expressed are his own.) By Robert Cyran NEW YORK, May 29 (Reuters Breakingviews) – While rivals are going big and risky, ConocoPhillips is taking a cheerful boogie board ride on oil’s merger wave. The $139 billion oil driller said on Wednesday that it has agreed to buy rival Marathon …

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Double Eagle Explores $6.5 Billion Sale of Shale Oil Producer, Sources Say

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

Prolific oil and gas developer Double Eagle is exploring a sale of its latest Permian Basin-based producer in a deal that could be worth more than $6.5 billion, including debt, according to people familiar with the matter. The Double Eagle team is expected to launch a sale process for the producer in the second half …

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ConocoPhillips to Buy Marathon Oil for $22.5 Bln in Latest Energy Merger

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

(Reuters) – ConocoPhillips  on Wednesday agreed to buy Marathon Oil  in a $22.5 billion deal, the latest in a series of mega-mergers in the oil and gas industry as companies look to bolster reserves. The U.S. oil and gas industry has been riding a consolidation wave over the last two years. Last year was one of …

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More Hurdels Await Chevron Inches After Hess Shareholder Approval

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

Approval from Hess shareholders was a win, but more hurdles await.   Chevron Corp. cleared the first major hurdle toward closing its $53 billion acquisition of Hess Corp. — and securing a share in one of the world’s most promising oil fields. The chief executive officers of the two companies may want to keep their …

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Hess Corporation Receives Stockholder Approval for Proposed Merger with Chevron

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

NEW YORK–(BUSINESS WIRE)–Hess Corporation (NYSE: HES) today announced that it has received the necessary approval of its stockholders for closing the company’s merger with Chevron Corporation. At the special meeting of Hess stockholders held today, a majority of the outstanding shares of Hess common stock were voted in favor of the adoption of the merger agreement. …

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Former Pioneer CEO Urges FTC to Withdraw Ban on His Inclusion in Exxon’s Board

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

Scott Sheffield, the former CEO of Pioneer Natural Resources, has requested the US Federal Trade Commission to vacate its order that barred his inclusion on Exxon Mobil’s board. Sheffield also sought the dismissal of the proceeding without further action, according to a comment filed by his legal counsel before the regulator on Tuesday. The U.S. antitrust …

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Energy Transfer to Buy WTG Midstream in $3.25 Billion Deal

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

Pipeline operator Energy Transfer said on Tuesday it would buy WTG Midstream Holdings in a deal valued at about $3.25 billion as the pipeline operator looks to expand its gas transportation and processing network in the Permian Basin. It would acquire WTG from affiliates of Stonepeak, the Davis Estate and Diamondback Energy. The deal will …

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Hess Investors to Vote on Chevron Deal Amid Growing Postponement Calls

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

Hess Corp shareholders will vote on Tuesday on Chevron’s proposed $53 billion acquisition of the company, after many investors have called for a delay in hopes of obtaining a better offer for their shares. The vote has huge implications for both companies. The deal has been stalled in part by a regulatory review and clouded …

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