•  
  •  
  •  
  •  
  •  
  • MERGERS & ACQUISITIONS

    SECTIONS: DEAL MONITOR | CORPORATE MERGERS | JVS

    Latest M&A News

    Pacific Rubiales signs MOU with PEMEX

    Oct 20, 2014

    Pacific Rubiales Energy Corp. has entered into a three-year memorandum of understanding with PEMEX, establishing the basis for discussions and analysis of potential oil and gas cooperation in Mexico.

    Cooper Basin JV to undertake seismic in South Australia licenses

    Oct 20, 2014

    Tellus Resources Ltd. (TLU) has provided an update on its Cooper Basin joint venture with Senex Energy Ltd. TLU’s Cooper Basin exploration interests have now been converted to three petroleum retention licenses in South Australia: PRL 108, 109, and 110.

    Eagle Materials to acquire CRS Proppants

    Oct 20, 2014

    Eagle Materials Inc. has entered into a definitive agreement to acquire CRS Proppants LLC and its subsidiaries, including Great Northern Sand LLC (CRS Proppants), a supplier of northern-white frac sand to the energy industry, for $225 million.

    Tesoro Logistics acquires QEP Field Services

    Oct 20, 2014

    Tesoro Logistics LP has executed a definitive agreement to acquire QEP Resources Inc.'s wholly owned natural gas gathering and processing business, QEP Field Services LLC, including its 58% partnership interest in QEP Midstream Partners LP.

    RH Petrogas development plan for Fuyu 1 Block is approved

    Oct 17, 2014

    Singapore-listed RH Petrogas Ltd. says that its development plan for a phased development of the Yongping oil field in the Fuyu 1 Block has received approval from the National Development and Reform Commission of the People’s Republic of China.

    BOEM set to offer 44M offshore GOM acres

    Oct 17, 2014

    US Bureau of Ocean Energy Management (BOEM) Acting Director Walter Cruickshank announced Oct. 16 that the bureau will offer nearly 44 million acres offshore Louisiana, Mississippi, and Alabama for oil and gas exploration and development in a sale that will include all available unleased areas in the Central Gulf of Mexico Planning Area.

    Proposed Central Gulf of Mexico Lease Sale 235, which is scheduled to take place in New Orleans, Louisiana, in March 2015, will be the seventh offshore sale under the Administration’s Outer Continental Shelf Oil and Gas Leasing Program for 2012-2017 (Five-Year Program). This sale builds on the first six sales in the current Five-Year Program, which have offered more than 60 million acres and netted $2.4 billion for American taxpayers.

    Sale 235 will include 7,477 blocks, covering 43.5 million acres, located from 3 to 230 nautical miles offshore, in water depths ranging from 9 feet (3 meters) to more than 11,000 feet (3,400 meters). BOEM plans to offer blocks located, or partially located, within the 3-statute-mile US-Mexico Boundary Area, subject to the terms of the US–Mexico Transboundary Hydrocarbon Agreement. BOEM estimates that the proposed lease sale could result in the production of 460 to 894 million barrels of oil and 1.9 to 3.9 trillion cubic feet of natural gas.

    Southwestern Energy acquires Marcellus and Utica assets

    Oct 17, 2014

    Southwestern Energy Co. has signed a purchase and sale agreement with Chesapeake Energy Corp. to acquire certain oil and gas assets covering  413,000 net acres in West Virginia and southwest Pennsylvania targeting natural gas, natural gas liquids, and crude oil contained in the Upper Devonian, Marcellus, and Utica shale plays for $5.375 billion. The transaction is expected to close by year’s end.

    TGP closes open season for transportation capacity to Mexico

    Oct 16, 2014

    Kinder Morgan Energy Partners LP reports that KMP’s Tennessee Gas Pipeline Co. successfully closed a binding open season for its South System Flexibility Project for 500,000 dekatherms per day of capacity. MexGas Supply, formerly known as MGI Supply, the natural gas supply arm of PEMEX, has been awarded 100% of the project capacity.  

    NuStar and PMI sign LOI to form pipeline JV serving Mexico

    Oct 16, 2014

    NuStar Energy LP and PMI, an affiliate of PEMEX, have signed a letter of intent for a proposed joint venture in which the two companies will develop new pipeline infrastructure to transport liquefied petroleum gases and refined products from the US into northern Mexico to meet the region’s growing demand for these products.

    EV Energy Partners closes Eagle Ford formation rights divestiture

    Oct 16, 2014

    EV Energy Partners LP reports that the company, along with certain institutional partnerships managed by EnerVest Ltd., has closed the sale of certain deep rights in the Eagle Ford formation in Burleson, Brazos, and Grimes counties, Texas, to an undisclosed buyer. Net proceeds to EVEP are $30.6 million.

    OGFJ Webcasts

    There is no current content available.
    Monthly Update

    In the largest transaction from January 17 to February 16, Calgary-based Baytex Energy Corp. announced a $2.3 billion deal with Australian-listed Aurora Oil & Gas to capture a prized Eagle Ford position. On the conventional side, Occidental's $1.4 billion sale of its famous Kansas Hugoton field demonstrates the shifting nature of Big Oil's portfolios toward unconventional oil growth areas while some companies continue to buy long-lived gas.


    Read more or browse the archives >