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  • MERGERS & ACQUISITIONS

    SECTIONS: DEAL MONITOR | CORPORATE MERGERS | JVS

    Latest M&A News

    Petsec to acquire shares in, and be operator of, Yemen's Block 7

    Apr 17, 2015

    Petsec Energy Ltd. has executed an agreement with Oil Search Ltd. to acquire all the shares of its subsidiary Oil Search (ROY) Ltd. which holds a 34% participating interest in Block 7, Al Barqa Permit, in the Republic of Yemen, and is the designated operator of the block.

    LLOG confirms initial production from Delta House project

    Apr 17, 2015

    LLOG Exploration Co. LLC, along with its Gulf of Mexico joint venture partner, Blackstone Energy Partners, and its co-owners, the entities managed by Ridgewood Energy (which includes Riverstone-designated ILX affiliates), Red Willow Offshore LLC, Calypso Exploration LLC, Deep Gulf Energy II LLC, and Houston Energy have initiated production from the Delta House floating production system (FPS) at Mississippi Canyon 254 in 4,500 feet of water.

    ACON Investments partners with Citla Energy

    Apr 16, 2015

    Citla Energy SAPI de CV, a Mexican independent oil and gas company with offices in Mexico City and Houston, has partnered with affiliates of ACON Investments LLC to actively explore opportunities to participate in the opening of the Mexican energy sector, with a focus on exploration and production activities.

    REX completes notes repayment, receives credit rating improvements

    Apr 16, 2015

    Rockies Express Pipeline LLC (REX) has completed the repayment of the April 15 senior unsecured notes in the amount of $450 million through member cash contributions. REX has also received credit rating improvements from Standard & Poor’s (to BB+ with a stable outlook from BB with a stable outlook) and Moody’s (to Ba2 with a positive outlook from Ba2 with a stable outlook).

    JP Energy acquires Southern, signs interconnection agreement with Magellan

    Apr 15, 2015

    JP Energy Partners LP has signed a definitive agreement to acquire the assets of Southern Propane Inc. for $14.9 million, and has also executed an interconnection agreement with an affiliate of Magellan Midstream Partners LP to connect its Silver Dollar Pipeline System to Magellan’s Longhorn pipeline at Barnhart Terminal in Crockett County, Texas. 

    Magellan and TransCanada to pursue Houston pipeline connection

    Apr 15, 2015

    Magellan Midstream Partners LP and TransCanada Corp. have entered into a joint development agreement to pursue a project to connect TransCanada's Houston tank terminal to Magellan's East Houston terminal.

    GlobalData: Upstream M&A activity down $2B in March

    Apr 15, 2015

    Merger and acquisition (M&A) values in the upstream oil and gas sector decreased to $829.8 million in March, compared with $2.9 billion in the previous month, according to research and consulting firm GlobalData. 

    Opportune acquires NEXIDEA, opens Dallas office

    Apr 14, 2015

    Opportune LLP, an international energy consulting firm, has acquired Dallas-based NEXIDEA Inc., which offers a range of energy consulting services assisting downstream clients worldwide in the petroleum refining, transportation, marketing, and petrochemicals industries.

     

    UKOG completes Weald Basin PEDL126 acquisition from Magellan

    Apr 14, 2015

    UK Oil & Gas Investments Plc (UKOG) has completed the acquisition from Magellan Petroleum (UK) Ltd. of a 40% interest in the Weald Basin onshore license PEDL126 (Markwells Wood), containing the Markwells Wood-1 Great Oolite oil discovery. UKOG's interest in PEDL126 is now 100%.

    Brazos and Old Ironsides partner to pursue midstream investments

    Apr 13, 2015

    Fort Worth, Texas-based Brazos Midstream Holdings LLC has partnered with Old Ironsides Energy LLC, an independent oil and gas investment manager, to pursue the acquisition and development of midstream assets in the US.

    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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