mergers and acquisitions

As the COVID-19 pandemic subsides in most parts of the world, it is time for our ship to leave port. As we pull up our anchor, we must accept that there are risks out there, but we must get back to the task of exploration and production to improve lives, mitigate poverty, and provide the energy to enable a modern global society.

The Houston-based oil and gas producer says the latest transaction moves its divestment sum past $9 billion.

Tourmaline Oil Corp. said it has agreed to buy smaller Canadian producer Black Swan Energy.

The producers operate conventional and unconventional assets across the US Lower 48 and produced a combined 111,000 BOE/D in the first quarter of 2021.

The all-stock transaction is expected to bolster the newly created operator's production profile to around 160,000 BOE/D.

The deal is expected to bolster Southwestern's annual production to more than 4 Bcf/D.

Pembina and Kinder Morgan both add substantial infrastructure in separate deals valued at a combined $8 billion.

The latest deal bucks a trend that has been dominated by moves to consolidate assets within a single basin by creating a multibasin company that its leaders say is better prepared for the "commodity roller coaster."

The deal expands the largest gas producer's operations into the core of the northeast Marcellus Shale.

Oasis Petroleum announced this week that it is acquiring the position from Diamondback Energy.