mergers and acquisitions
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A recent wave of megadeals is weighing on the mind of many oil and gas executives in Texas, New Mexico, and Louisiana. -
The global oil and gas industry’s merger and acquisition arena is ending 2023 with a bang.
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The deal will quadruple Tokyo Gas' natural gas production volumes from the Haynesville Shale.
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Houston-based Occidental said that one reason it is buying private producer CrownRock is to gain more access to the deep, relatively untapped Barnett formation.
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The combined firm aims to create a stronger and more diversified geophysical company and energy data provider.
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Australian explorer purchases minority stakes in Who Dat and Dome Patrol deepwater fields.
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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.
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The deal will add over 460 miles of pipeline to company’s assets upon closing early next year.
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The all-stock transaction is the second megadeal to rock the energy industry this month.
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The nearly $60-billion deal will see ExxonMobil more than double its Permian Basin output to over 1.3 million BOED.
