Cheap money is chasing deals, with $8 billion in equity raises keeping companies alive while Shell’s purchase of BG Group has ‘rekindled M&A animal spirits.’
The purchased acreage, which is entirely undeveloped, represents a natural bolt-on to Gulfport's existing position in the shale play and translates to $12,700 per acre.
The Viking play continues to attract attention as one of the most economic patches in Canada. In March, Canada’s Whitecap Resources said it would buy Beaumont Energy for US$476 million.
Chesapeake settles with affiliate, but will pursue case that accuses its former CEO of misappropriating “highly sensitive trade secrets from the company” about the Utica Shale and other areas.
McClendon returns to raise money and Synergy Resources is looking for deals in the Wattenberg. But the bottom line is that shale transactions suffered their weakest quarter since 2009.
After Shell’s $70 billion deal, ExxonMobil and Chevron are in the hunt with several large U.S. E&Ps. But in the Permian Basin, the bid-ask spread remains too wide for deals.
The company, based in St. Marys, W.Va., and its joint venture partner will continue to own a combined 27,800 net acres in Marshall and Marion counties.
Experts are divided on whether Shell’s transaction will jumpstart abysmal U.S. E&P deal flow or lack the punch to knock companies out of their uncomfortable zone.
Shell, already one of the world’s largest oil and gas companies, would strengthen its LNG portfolio and gain access to premier offshore Brazil deepwater oil in a mega-merger.
ONEOK partners with Mexican infrastructure giant on $500 million pipeline and sets sight on meeting projected demand as exports to Mexico double to 3.8 Bcf/d by 2018.
EV Energy Partners sells eastern Ohio interests, marches toward goal of divesting its midstream business and reinvesting capital into its upstream operations.
Bluescape will purchase $10 million worth of EXCO common stock and an additional $40 million in shares, as well as some chairs in the company’s board room.
|E&P||USD 70000||Members only||BG Group Plc|
|E&P||USD 71.3||Members only||Trans Energy Inc.|
|Mid||USD 575||Members only||EV Energy Partners LP|
|Mid||USD 500||Members only||Fermaca Infrastructure B.V.|