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  • MERGERS & ACQUISITIONS

    SECTIONS: DEAL MONITOR | CORPORATE MERGERS | JVS

    Latest M&A News

    Egypt signs exploration agreements

    Sep 19, 2014

    Egypt has signed oil and gas exploration deals worth $187 million with several Western companies and a Tunisian firm, according to Reuters. The agreements cover seven exploration areas.

    Juneau Energy gains acreage in East Texas Eagle Ford shale

    Sep 19, 2014

    Juneau Energy LLC, a subsidiary of Leucadia National Corp., reports the acquisition of oil and gas leases in the emerging East Texas Eagle Ford shale play, consisting of approximately 10,264 net acres primarily in Brazos and Burleson counties. The acquisition closed on Sept. 17.

    ExxonMobil increases Wolfcamp position in Permian Basin

    Sep 19, 2014

    Exxon Mobil Corp. has entered into a non-monetary exchange agreement with LINN Energy LLC to add 17,800 net acres in the Permian Basin to its US oil and natural gas portfolio managed by subsidiary XTO Energy Inc.

    Eos Petro to acquire Dune Energy

    Sep 19, 2014

    Dune Energy Inc. has entered into a definitive agreement with Eos Petro Inc., whereby Eos will acquire all of the outstanding shares of the company for $0.30 per share in cash pursuant to an agreement and plan of merger dated Sept. 17.

    Swala Energy awarded Block 44 in Zambia

    Sep 19, 2014

    East Africa-focused Swala Energy Ltd. reports that its 93%-owned subsidiary, Swala Energy (Zambia) Ltd., has been formally awarded hydrocarbon exploration rights over Block 44 in the Republic of Zambia. The award of Block 44 has now been granted following ministerial consent from the Ministry of Energy in Zambia.

    Basic acquires Pioneer Fishing and Rental

    Sep 19, 2014

    Basic Energy Services Inc. has completed the acquisition of substantially all of the assets of Pioneer Fishing and Rental (PFR), a division of Pioneer Energy Services, for a total cash consideration of $16 million.

    Buckeye Partners closes acquisition of 80% interest in Buckeye Texas Partners

    Sep 18, 2014

    Buckeye Partners LP has completed its $860 million purchase of an 80% interest in Buckeye Texas Partners LLC.

    Genie signs agreement for additional shale exploration in Mongolia

    Sep 17, 2014

    Genie Energy Ltd. says that its subsidiary, Genie Oil Shale Mongolia LLC, has signed a prospecting agreement with the Petroleum Authority of Mongolia.

    Vitesse Energy acquires acreage in Williston Basin

    Sep 17, 2014

    Vitesse Energy LLC, a subsidiary of Leucadia National Corp., reports the acquisition of non-operated oil and gas assets in the Williston Basin from EnerVest Operating LLC.

    Bill Barrett signs $757M divestiture deal

    Sep 17, 2014

    In what one analyst called a game-changing event, Bill Barrett Corp. has signed agreements for $757 million in divestitures that comprised of a combination of cash, added Niobrara properties, and reduced liabilities, setting the company up as a majority oil-weighted company poised to focus its efforts on its DJ Basin assets.

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    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.


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