Energy Financial

ETE officially terminates Williams merger, Williams prepared to fight

Energy Financial

On June 20th, a Williams Cos Inc board member testified she felt pressured by her own company to support the $20 billion merger DALLAS-Energy Transfer Equity, L.P. announced termination of its merger agreement with The Williams Companies, Inc. effective June 29. This news comes as Williams announced that shareholders on June 27th voted in favour of the merger. “During […]

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Williams Stockholders approve merger with ETE, launches appeal to merger ruling

Energy Financial

If ETE terminates the merger, Williams says it will take appropriate actions to enforce its rights under the agreement and deliver benefits to their stockholders TULSA, Okla.- The Williams Companies stockholders voted to approve the previously announced merger agreement with Energy Transfer Equity, L.P. This comes on the heels of a Delaware Court ruling that would allow

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Confidence low as energy industry fights to secure capital – BDO

Energy Financial

Despite a daunting industry outlook, American and Candian companies have found one bright point: robust reserves BRUSSELS – As global prices recover and the oil and gas industry begins to show signs of life, a new study from BDO shows that investor sentiment towards middle market companies has soured and the short-term outlook is bleak. According to

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Energen sells San Juan Basin assets, focuses solely on Permian Basin

Energy Financial

In core Midland Basin, Energen has 68,500 net acres with 2,546 net identified locations in 7 horizontal formations   BIRMINGHAM – Energen Corporation says it has closed purchase and sale agreements (PSAs) for its non-core Delaware Basin and San Juan Basin assets, and in the future will be drilling only in the Permian Basin. Including all sales transactions

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Austin, Texas-based Aereon acquires vapor combustion technology from Abutec

Energy Financial

Abutec will be fully integrated into Aereon’s global business infrastructure Global gas and vapor combustion technology company Aereon says it has expanded its product line by acquiring Abutec, whose products are used extensively across US oil and natural gas shale basins. Aereon announced the acquisition of select assets of Abutec, including the Abutec brand, burner technology, and Quad O Certified

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Chinese state-owned companies sue Talisman Energy for $5.5 billionUSD

Energy Financial

“Addax has chosen to commence legal proceedings to gain an illegitimate benefit instead of devoting all efforts to improving TSEUK’s performance” Addax Petroleum UK Limited and Sinopec International Petroleum Exploration and Production Corporation (both companies ultimately owned by the Chinese Government) have initiated arbitration proceedings against Talisman Energy Inc. (currently Repsol Oil & Gas Canada

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Pioneer Natural Resources raises $827 million to fund West Texas development

Energy Financial

Capital will fund pending acquisition of properties in Midland Basin, development Spraberry/Wolfcamp acreage Midland, Texas-based Pioneer Natural Resources Company announced Wednesday it has priced an underwritten public offering of 5.3 million shares of its common stock for gross proceeds of $827 million, sending shares down three per cent. Pioneer (NYSE:PXD) has granted the underwriters an option for 30 days to purchase

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ISS recommends Williams Co shareholders back Energy Transfer deal

Energy Financial

Williams Co Energy Transfer deal must close by June 28 By Michael Flaherty June 15 (Reuters) – An influential shareholder advisory firm recommended on Wednesday that Williams Co Inc stockholders vote in favor fellow pipeline company Energy Transfer Equity LP’s takeover bid, a deal that has been in doubt for months. Williams shareholders are scheduled to vote

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