Tag: acquisition
Savanna Energy increases acquisition purchase price from Western Energy
Savanna Energy reiterates rejection of offer from Total Energy Savanna Energy Services Corp. announced that Western Energy Services Corp. has increased the consideration payable pursuant to its previously announced acquisition of common shares of Savanna, according to a press release. It now includes the payment of $0.21 in cash per Savanna Share in addition to the […]
Calgary-based Western Energy Services acquiring Savanna Energy
Western is highly experienced in operating a large scale contract drilling and well servicing company Western Energy Services Corp. is acquiring fellow Alberta services firm Savanna Energy Services Corp.on the basis of 0.85 of a common share of Western for each outstanding Savanna share, the companies announced Wednesday. “This transaction, which has received the unanimous […]
Harbour Energy acquisition of Shell UK North Sea assets for $3 Billion
Acquisition of portfolio creates leading UK Independent E&P company focused on North Sea Harbour Energy, Ltd., the energy investment vehicle managed by EIG Global Energy Partners, announced it agreed to lead the acquisition by Chrysaor Holdings Limited of a well-diversified portfolio of oil and natural gas assets from Shell U.K. Limited and its affiliates to […]
Parsley Energy grows wild in Permian Basin of West Texas
Last month, Parsley paid US$19,800 per acre for additional Midland basin acreage Following last month’s acquisition of nearly 18,000 net acres in the Midland basin, Parsley Energy this week purchased Double Eagle Energy’s assets, adding 71,000 net acres with 3.6 mboe/d of production, according to Wood Mackenzie. The addition of these assets will nearly double […]
US oil/gas industry raised $186 billion through public offerings in 2016
2017 pace picking up on rebounding commodity prices, surge in M&A activity Depressed oil prices took the wind out of US oil and gas capital markets in 2016, according to a new report from PLS Inc., a Houston-based oil and gas research firm. Report highlights: 2016 aggregate value of $186 billion across 346 bond and equity […]
Noble Midstream enters pipeline joint venture in Delaware Basin
Noble Midstream’s interest will be funded with cash, and its undrawn credit facility Noble Midstream Partners LP and Plains All American Pipeline, L.P. announced an agreement to form a 50/50 joint venture to acquire Advantage Pipeline, L.L.C., which owns a 70-mile, 16-inch crude oil pipeline located in the southern Delaware Basin, according to a press release. […]
Outrigger Energy sells Permian Basin midstream assets for up to $1.5 billion
Outrigger Permian includes natural gas gathering and processing and crude oil gathering systems Outrigger Energy says Targa Resources Corp. has agreed to acquire its three midstream subsidiaries in the Permian Basin for up to $1.5 billion cash, according to a press release. “We are very pleased with the midstream systems we’ve developed in the Midland and Delaware […]
ExxonMobil doubles Permian Basin resource to 6 billion barrels
ExxonMobil currently producing 40,000 net oil-equivalent b/d across Permian Basin leasehold Exxon Mobil Corporation announced it will more than double its Permian Basin resource to 6 billion barrels of oil equivalent through the acquisition of companies owned by the Bass family of Fort Worth, Texas, with an estimated resource of 3.4 billion barrels of oil […]
Permian Basin acreage hotter than 4th of July in Midland; $20 Billion spent – IHS
Permian Basin M&A activity accelerates as companies seek profitability at current prices Driven by the potential for profit at current oil prices, oil and gas companies are clamoring for more acreage in the Permian Basin and its sub-plays, spending close to $20 billion year-to-date in 2016, according to new analysis from IHS Markit. The spending […]
Calpine acquires Noble Americas Energy Solutions
Calpine upsized corporate revolver to approximately $1.8 billion through June 2020 HOUSTON – Calpine Corporation closed acquisition of Noble Americas Energy Solutions, LLC, the nation’s largest independent supplier of power to commercial and industrial retail customers. Noble Solutions currently serves commercial and industrial customers in 18 states nationwide, including California, Texas, the Mid-Atlantic and the Northeastern United […]
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