First-half 2014 sees nearly a dozen billion-dollar deals and natural gas assets gaining favor.
Several independent E&Ps are finding other ways to expand their territories in pricey plays.
Sluggish deal activity in 2013 is showing signs of turning around.
Much of private equity's success can be attributed to its uncanny ability to buy when no one else has capital, according to one analyst.
The sale continues Cameron's trend of streamlining its industrial and strategic focus, analyst says.
The deal increased Ultra’s Pinedale holdings to 68,600 net acres and operatorship to 82%.
The company is focusing on other opportunities such as the Utica Shale, analyst says.
With the acquisition, the company’s total estimated net reserve potential is about 90 MMboe.
Analysts said the acquisition increases the company’s liquids rich Butler County, Pa., acreage by at least 80%.
Magnum’s Bakken assets are estimated to be worth $350 to $450 million.
Kinder Morgan would become the third-largest energy company in North America with a combined enterprise value of about $140 billion.
A Blackstone/Shell deal would follow a parade of gas-acreage sales by oil companies including Shell and Apache Corp. (NYSE: APA).