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(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 …
ConocoPhillips to Buy Marathon Oil for $22.5 Bln in Latest Energy Merger Read More »
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 …
More Hurdels Await Chevron Inches After Hess Shareholder Approval Read More »
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. …
Hess Corporation Receives Stockholder Approval for Proposed Merger with Chevron Read More »
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 …
Former Pioneer CEO Urges FTC to Withdraw Ban on His Inclusion in Exxon’s Board Read More »
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 …
Energy Transfer to Buy WTG Midstream in $3.25 Billion Deal Read More »
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 …
Hess Investors to Vote on Chevron Deal Amid Growing Postponement Calls Read More »
Hess Corp CEO John Hess has until Tuesday to quell a rebellion by shareholders over his handling of what could turn out to be one of the largest mergers in oil industry history: a proposed $53 billion sale of the oil producer to Chevron Corp. Hess, 70, has spent the past month visiting or calling …
Hess-Chevron Merger Vote Appears Ripe for Narrow Approval Read More »
Oil producer Hess on Tuesday said it is currently facing three lawsuits alleging inadequate disclosures over its proposed sale to Chevron. Chevron last October offered to acquire Hess in a move to gain a foothold in oil-rich Guyana’s lucrative offshore fields. However, the deal has been stalled due to a conflict with Exxon Mobil and pending regulatory …
Hess Facing Three Lawsuits Over Disclosures in Chevron Deal Read More »
Acquisition Creates the Largest Consolidated Acreage Position in the entire Eagle Ford Shale Basin HOUSTON, May 20, 2024 /PRNewswire/ — WildFire Energy I LLC (“WildFire”), today announced that it has entered into a definitive agreement for the acquisition of approximately 237,000 net acres and interests in 465 wells in the East Texas Eagle Ford from …
Phillips 66 on Monday agreed to acquire Pinnacle Midland, a midstream company owned by private equity firm Energy Spectrum Capital, for $550 million in cash, expanding the U.S. refiner’s natural gas gathering and processing footprint in the Midland Basin. Oil and gas producers in the United States went on a nearly $250 billion buying spree …
Phillips 66 to Buy PE-Owned Pinnacle Midland for $550 Mln Read More »
