mergers and acquisitions
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The Denver-based independent is boosting its position in the Canadian shale play by 109,000 net acres, and about 70,000 BOE/D. -
Following 2 years of setbacks, the deal to shift the US supermajor’s assets to a local operator has finally closed.
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Driller expects $370 million, all-stock transaction to close in early 2025.
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The third quarter marked the first reporting period that two publicly traded US oil and gas companies did not combine since 2022.
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Canadian Natural Resources strengthens its position as a leading oil and gas producer in Canada.
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New names and new deals continue to reshape the US shale sector.
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The deal comes only weeks after the private equity firm purchased a natural gas-fired plant operator.
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Shell moves its focus to other areas of the UK North Sea while ExxonMobil is making its final exit.
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High prices for untapped drilling locations in the Permian Basin have sparked some new trends in the tight oil dealmaking space.
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The acquisition marks a significant step forward in H&P’s international expansion strategy.
