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  • MERGERS & ACQUISITIONS

    SECTIONS: DEAL MONITOR | CORPORATE MERGERS | JVS

    Mergers & Acquisitions Deal Monitor News

    FourPoint Energy to acquire Western Anadarko assets from CEX and CHK Cleveland Tonkawa

    Jul 1, 2015

    FourPoint Energy LLC has signed definitive agreements to acquire oil and gas assets from Chesapeake Exploration LLC (CEX) and CHK Cleveland Tonkawa LLC.

    Aethon Energy and RedBird Capital acquire SM Energy’s Ark-LA-Tex assets

    Jul 1, 2015

    Aethon Energy Management LLC, a Dallas, Texas-based private investment firm focused on onshore oil and gas, together with its partner, RedBird Capital Partners LLC, have acquired certain Ark-LA-Tex assets from SM Energy Co. Terms of the transaction were not disclosed.

    Lucas reaches settlement with Victory, completes sale of acreage in Texas

    Jul 1, 2015

    Lucas Energy Inc. has entered into a settlement agreement and mutual release with Victory Energy Corp. In a separate transaction with Earthstone and its affiliate, Oak Valley Resources, Lucas has sold 139.04 net acres of oil and gas properties located in Karnes County, Texas, while retaining the right to participate in future operations for up to 20% of an 8/8ths interest.

    Shandong Offshore International acquires Northern Offshore

    Jun 30, 2015

    China’s Shandong Offshore International Co. Ltd. has acquired Bermuda-based Northern Offshore Ltd., which has offices in Houston. The cash transaction is valued at NOK 1.3 billion ($164.64 million), and is expected to close during the first half of August.

    European Commission clears merger between Dresser-Rand and Siemens

    Jun 30, 2015

    The European Commission has cleared Dresser-Rand Group Inc.’s proposed merger with Siemens. All of the conditions regarding regulatory matters have now been satisfied.


    Ring Energy completes Delaware Basin acquisition

    Jun 30, 2015

    Ring Energy Inc. has closed its acquisition of the Delaware Basin acreage located in Culberson and Reeves counties, Texas, for a purchase price of $75 million.

    NGL and Meritage form JV to service Powder River Basin

    Jun 29, 2015

    NGL Energy Partners LP and Meritage Midstream Services II LLC are forming a joint venture to develop crude oil gathering and water services infrastructure to serve oil and gas producers in Wyoming’s Powder River Basin.

    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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