Tag: acquisitions
Upstream oil/gas players grapple with uncertainty – Wood Mackenzie
Wood Mackenzie survey gauges the state of the industry The oil and gas industry is facing a challenging year. Oil prices remain volatile, and uncertainty remains about whether prices will recover from around US$50/bbl, according to Wood Mackenzie. Across the upstream sector, companies are considering their next investments, while weighing how to remain profitable in […]
Global upstream oil and gas M&A activity surges to $61 Billion
For upstream oil deals valued over $100 million in Permian, 9 were in Delaware Basin versus 5 in Midland Basin Q1 2017 global upstream oil and gas M&A transaction value was $61 billion, the strongest first quarter in the past ten years and almost half the $130 billion in 2016, according to oil and gas […]
US$40 billion of opportunities in Asia-Pacific upstream M&A in 2017
Gas demand from emerging markets in Asia-Pacific will have significant opportunities for LNG demand growth Asia-Pacific’s upstream sector holds up to US$40 billion worth of opportunities in 2017 as oil majors continue to divest mature and mid-life assets in the region, according to a research by Wood Mackenzie. BP, Chevron and other majors have divested tail-end […]
Tall City Exploration case study: Permian Basin hotbed of deal-making
Tall City Exploration sold 78,000 acres of Permian Basin assets to for $1.1 billion to Chinese company Oil and gas mergers and acquisitions in the US Lower 48 were down 70 per cent in 2015 over 2014 (50 per cent lower on the 10-year average), according to Wood Mackenzie, but deals can still be made in the Permian Basin of West Texas. […]
SM Energy Cores up in Midland Basin with simultaneous transactions
SM Energy funding majority of $1.1 billion portion of acquisition with proceeds from Williston Basin asset sale DENVER – SM Energy Company announced it entered into a purchase agreement to acquire 35,700 net acres in Howard and Martin Counties in West Texas, expanding the company’s Midland Basin footprint to approximately 82,450 net acres. The acquired acreage […]
Corporate funding in solar sector down 41% from Q1 – Mercom Capital
More than 2 GW of solar projects were acquired in Q2 compared to 2.4 GW in Q1 AUSTIN, Texas – Mercom Capital Group, llc, a global clean energy communications and consulting firm, released its report on funding and merger and acquisition activity for the solar sector in the second quarter of 2016. Total corporate funding, including venture capital […]
Volatility, disruption driving transformation in energy sector – KPMG Survey
51% of oil/gas executives say restructuring/bankruptcy opportunities will be primary driver of acquisition activity The vast majority of energy executives (94%) say continued volatility in commodity pricing coupled with the regulatory environment will require significant changes to their business models over the next three to five years, according to the results of the 2016 Energy Industry […]
US upstream oil/gas M&A to surge in 2016 following 73% plunge in 2015
Upstream North American shale plays were hard hit: total value of shale transactions just $29 billion, down from $71 billion in 2015 HOUSTON, Texas – Upstream merger and acquisition (M&A) activity is set to rebound from its record low in 2015, according to a new study from oil and gas information and insight provider 1Derrick. […]
Upstream oil, gas M&A deals plunged in 2015
According to IHS worldwide deal count fell by 50% in 2015 to lowest level since 2001 Despite an ample supply of oil and gas assets on the market due to low oil prices, the overall merger and acquisition (M&A) deal count in the upstream energy sector plunged in 2015 as the weakness and volatility in […]
Midstream segment boosts Q3 U.S. oil & gas deal activity
Most active shale play for M&A was Permian, which led in activity with seven deals worth $4.1 billion HOUSTON, TX, October 28, 2015 – Megadeals in the midstream segment dominated U.S. oil and gas deal value despite a slow-down in capital markets in the third quarter of 2015, according to PwC US. In total, there […]
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