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  • MERGERS & ACQUISITIONS

    SECTIONS: DEAL MONITOR | CORPORATE MERGERS | JVS

    Latest M&A News

    Vanguard to acquire Eagle Rock Energy Partners for $614 million

    May 22, 2015

    Vanguard Natural Resources LLC and Eagle Rock Energy Partners LP have entered into an agreement and plan of merger pursuant to which a subsidiary of Vanguard will merge into Eagle Rock for total consideration of $474 million in Vanguard common units and the assumption of Eagle Rock's net debt of $140 million as of March 31.

    NuEnergy acquires Dart Indonesia's CBM assets in Sumatra, Kalimantan

    May 21, 2015

    NuEnergy Gas Ltd., an Australian gas and ancillary power generation development company focused on unconventional gas exploration and production in Indonesia, disclosed May 21 the conditional share purchase agreement with Dart Energy International Ltd. on May 20 to acquire 100% of the issued share capital of Dart Energy (Indonesia) Holdings Pte. Ltd.

    MEO farms out 30% stake in WA-488-P permit to Rex

    May 21, 2015

    MEO Australia Ltd. has farmed out a 30% participating interest in the WA-488-P exploration permit offshore Western Australia to a wholly owned subsidiary of SGX-listed Rex International Holding.

    Layne Christensen to sell Geoconstruction business

    May 20, 2015

    Layne Christensen Co. has signed a definitive agreement to sell its Geoconstruction business segment to a subsidiary of Keller Foundations LLC, a member of Keller Group plc.

    NuStar, CHS to expand Upper Midwest pipeline/terminal infrastructure

    May 20, 2015

    NuStar Energy LP and CHS Inc. are pursuing a strategic alliance to develop an expanded pipeline and terminal network that will increase supply of propane to meet product demand in the US Upper Midwest.

    Rex and Stonehenge sign Moraine East gathering agreement

    May 19, 2015

    Rex Energy Corp. and Stonehenge Energy Resources II LP confirm that their respective affiliates, RE Gas Development LLC and Stonehenge Appalachia LLC have entered into an agreement for Stonehenge to construct a natural gas gathering and compression system to transport natural gas production from the Moraine East Area in Butler County, Pennsylvania.

    Verisk Analytics closes Wood Mackenzie acquisition

    May 19, 2015

    Verisk Analytics Inc., a data analytics provider, has completed the acquisition of Wood Mackenzie Ltd., which provides data analytics and commercial intelligence for the energy, chemicals, metals, and mining verticals. The purchase price was £1.85 billion (approximately $2.8 billion, net of foreign currency hedges).

     

    Dynamic forms JV with BIC in Saudi Arabia

    May 19, 2015

    Dynamic Industries International LLC, a full-service brownfield construction, fabricator, hook-up and commissioning contractor to the global offshore oil and gas industries, and Bandariyah International Co. Ltd., a Saudi Arabian company specializing in the oil and gas industry, electrical, mechanical, and instrumentation, have formed Dynamic Industries Saudi Arabia Ltd., a Saudi Arabian joint venture dedicated to offering Dynamic’s offshore EPCI project execution services to Saudi Aramco and its affiliates.

    BP plans to divest partial stake in Australian oil venture

    May 19, 2015

    BP Plc expects to divest a partial stake of the company’s oil project off southern Australia, ahead of exploration scheduled to begin in late 2016 and estimated to cost more than $800 million (A$1 billion), according to Bloomberg.

    Orca closes sale of Cooper Basin assets to Senex

    May 19, 2015

    Orca Energy Ltd. has completed the sale of its Cooper Basin assets to Senex Energy Ltd. Orca received the balance amount of $1.18 million (AUD 1,400,000) from Senex on May 15. In total, the company received just over $1.6 million (AUD 2,000,000) for the sale of PPL 251, PRL 117, and PEL 110 (together the Cooper Basin Assets).

    Monthly Update

    Q3 2014 global deal activity lost the gains made the previous quarter, dropping 32% to $39.2 billion from $57.6 billion in Q2. Canadian dealmaking fell 45% to $5.0 billion after running strong throughout H1, and international activity slumped 72% to $6.5 billion. However, US dealmaking jumped 9% to $27.7 billion, largely driven by two shale corporate takeovers, the $7.0 billion Encana/Athlon Permian deal in September (more on that below) and the $6.0 billion Whiting/Kodiak Bakken deal in July.

    Read the latest article covering Q3 2014

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