mergers and acquisitions

Australian explorer purchases minority stakes in Who Dat and Dome Patrol deepwater fields.

The Calgary-based shale producer said it is on track to produce 200,000 BOE/D after making its second billion-dollar acquisition this year.

The deal will add over 460 miles of pipeline to company’s assets upon closing early next year.

The all-stock transaction is the second megadeal to rock the energy industry this month.

The nearly $60-billion deal will see ExxonMobil more than double its Permian Basin output to over 1.3 million BOED.

In recent weeks, we have seen headlines heralding the surge in M&A activity in the US shale sector. While the large figures might grab the headlines, the path to realizing these synergies on a company's P&L is littered with operational and supply chain challenges.

The robot company said it plans to integrate 3D at Depth’s LiDAR inspection technology after the all-stock acquisition.

The latest deal from Denver-based Civitas Resources brings its spending total this year to almost $7 billion.

The Advanced Clean Energy Storage project in Utah involves two 4.5-million-bbl salt caverns that will store up to 100 metric tons of hydrogen per day.

On a pro forma basis, the mineral and royalty arm of the Midland-based oil company owns interests covering more than 32,000 net acres in the Permian Basin.