mergers and acquisitions
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The two Calgary-based heavy-oil companies have closed on their all-stock deal that was valued at around $2.9 billion when it was announced in October. -
The two deals have a combined valued of $3 billion and involve more than 81,500 acres in the Midland Basin of Texas.
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Financial analytics company S&P Global and information provider IHS Markit announced they have agreed to merge in an all-stock deal that values IHS Markit at $44 billion.
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The Canadian oil company consolidation formula looks a lot like the one offered by US shale producers.
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In another all-stock transaction, one of the largest operators in the Permian Basin is set to add nearly 250,000 acres to its portfolio and swell oil production to more than 300,000 B/D.
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ConocoPhillips promised more than just growth and costs savings when it announced a deal to acquire Concho.
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The merger will effectively end the 86-year run of UK independent oil producer Premier Oil and give rise to one of the largest companies operating in the North Sea region.
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The two shale producers are calling it a “merger of equals” and will share management duties once the transaction closes. The combined company aims to become the fourth-largest producer of tight oil in the US.
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An economic downturn and global pandemic are among many issues US midstream operators are dealing with in 2020, including exposure to upstream bankruptcies, limited M&A activity, and regulatory issues.
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The latest deal is set to make Southwestern Energy the third-largest producer in the gas-rich Appalachian Basin.
