mergers and acquisitions
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The deal gives Houston-based Vencer Energy 44,000 acres and 40,000 BOE/D of baseline production.
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The acquisition adds 2 or 3 years to Enerplus Corporation's development inventory, it said of the cash deal that follows its purchase of Bruin E&P earlier this year.
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Pioneer Natural Resources is moving to complete its second major acquisition of another shale producer in less than 6 months.
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The no-debt transaction will result in a combined company with 24 offshore drilling units.
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The Energy Council, a London-based networking platform, has released a survey of its 100,000 members suggesting that the finance and investment community has money and an appetite to continue to fund E&P exploration, particularly in gas.
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Added assets raise its Delaware Basin daily disposal capacity to more than half a million barrels.
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The filing is part of a plan to restructure the DJ Basin operator while completing a previously signed merger agreement.
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The infrastructure engineering software firm is expected to pay more than $1 billion to acquire geological and geophysical modeling software developer Seequent.
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The combined company will move forward as Expro Group and maintain an operational headquarters in Houston.
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The deal adds acreage in North Dakota’s Williston Basin.