mergers and acquisitions

The Houston-based oil and gas company has expanded its footprint in the liquids-rich Permian by more than 550,000 acres.

The two companies have collaborated since 2015 on various projects, but COVID-19 brought Velentium and Oasis Testing together for a unique purpose—to quickly ramp up the manufacturing capacity for critical, life-saving ventilators.

The all-stock deal doubled Liberty’s working pressure-pumping capacity without adding any debt to its balance sheet, while Schlumberger retains a 37% equity interest.

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.

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.

The Canadian oil company consolidation formula looks a lot like the one offered by US shale producers.

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.

ConocoPhillips promised more than just growth and costs savings when it announced a deal to acquire Concho.

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.