The monthly updates are brought to you in collaboration with PLS Inc. The tables below include relevant information about oil and gas industry transactions mostly in the United States. Transactions are broken down by the months in which they were announced. Access monthly pdf links, or download an Excel file of transactions Year-to-Date. 

2012

2011

2010

March Highlights:

The largest oil and gas deal to take place during the 30-day period between mid-January and mid-February was Mitsubishi Corp.'s C$2.9 billion offer for a 40% interest in Encana Corp.'s Cutbank Ridge Partnership. The Partnership holds about 409,000 net acres of Encana's undeveloped Montney formation natural gas lands in northeast British Columbia.

The deal fills the void left last year after a $5.4 billion deal by PetroChina to acquire a 50% interest in Encana's Montney shale play asset fell through following a breakdown on terms. The new deal is different in that Mitsubishi will be acquiring a 40% interest in just a portion of the undeveloped acreage, containing 409,000 acres and no production, for C$2.9 billion.

In another large deal, Apache Corp. agreed to acquire Cordillera Energy Partners III LLC, a privately held company with substantial operations that include approximately 254,000 net acrea in the Granite Wash, Tonkawa, Cleveland and Marmaton plays in western Oklahoma and the Texas Panhandle, for $2.85 billion.

The sellsers, including EnCap Investments, other institutional investors and Cordillera management will receive nearly $600 million in Apache common stock sucbject to customary lock-up provisions. The balance of the consideration, $2.25 billion, will be funded with debt.

Read more about these and other transactions during the 30-day period by clicking the links below.

Table of Articles and Reports: