Deals & Trends

McClendon is seeking another $2 billion for a new oil drilling venture.

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Silica will pay $98 million for Cadre, a major supplier of brown sand.

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The company might create a structure for those mineral interests similar to Diamondback’s Viper Energy Partners, analysts say.

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The deal pays Kodiak a 5% premium, likely not what its shareholders had in mind.

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Combined, the companies would knock Continental Resources from the top spot.

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The purchase price consists of $34 million at closing and $11 million over time. 

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