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  • MERGERS & ACQUISITIONS

    SECTIONS: DEAL MONITOR | CORPORATE MERGERS | JVS

    Mergers & Acquisitions Deal Monitor News

    Ring signs PSA on Delaware Basin acreage

    May 26, 2015

    Ring Energy Inc. has signed a purchase and sale agreement to acquire producing wells and leaseholds located in Culberson and Reeves counties, Texas. The acreage is located in the Delaware Basin.

    Cooper Energy completes acquisition of interest in Sole gas field

    May 26, 2015

    Australia's Cooper Energy Ltd. has completed its acquisition of a 50% interest in the Sole gas field in the Gippsland Basin and Orbost gas plant, with the project entering front-end engineering and design.  

    Seventy Seven Energy sells Hodges Trucking

    May 26, 2015

    Seventy Seven Energy Inc. has executed a definitive agreement to sell Hodges Trucking Co. LLC to a wholly owned subsidiary of Aveda Transportation and Energy Services Inc.  

    Erin Energy confirms offtake and prepayment agreement with Glencore

    May 26, 2015

    Erin Energy Corp. has agreed to heads of terms on a commercial agreement with an embedded prepayment element with Glencore Energy UK Ltd., a subsidiary of Glencore PLC.

    Questerre signs MOU to appraise, develop shale blocks in Jordan

    May 26, 2015

    Canada's Questerre Energy Corp. has entered into a memorandum of understanding with the Ministry of Energy and Mineral Resources of the Hashemite Kingdom of Jordan for the appraisal and development of oil shale acreage in Jordan.

    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.

    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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