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Stock Transaction
Stock Transaction news and technical articles from Oil & Gas Financial Journal. Search Stock Transaction latest and archived news and articles
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Halcón Resources to acquire GeoResources for $1B
… merger agreement in which GeoResources will merge into a wholly-owned subsidiary of Halcón Resources in a cash and stock transaction that values GeoResources at approximately $1 billion, based on the closing price of Halcón Resources common stock …
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Magnum Hunter Resources to acquire NGAS Resources
… announced a definitive agreement to be acquired by Magnum Hunter Resources Corp. (NYSE Amex: MHR) in an all- stock transaction valued at roughly $98 million. NGAS Resources is a British Columbia corporation, and the transaction will be implemented …
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In $2.85B merger transaction, Holly and Frontier would create large US refiner
… and HOUSTON – Holly Corp. (NYSE: HOC) and Frontier Oil Corp. (NYSE: FTO) have agreed to merge in an all- stock transaction that would create one of the largest independent refiners in US with an enterprise value of $7 billion based on …
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Resaca gains Permian foothold with proposed Cano Petroleum merger
… Exploitation LP, is set to merge Cano Petroleum Inc. into its oil and gas company through a tax-free, stock-for- stock transaction . Cano shareholders will receive 2.1 shares of Resaca common stock for every share of Cano common stock and will …
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SandRidge Energy to acquire Arena Resources
… Oklahoma City, OK-based SandRidge Energy Inc. has signed an agreement to acquire Arena Resources Inc. in a cash and stock transaction valued at nearly $1.6 billion. Arena shareholders will receive stock and cash consideration valued at $40 per …
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Schlumberger, Smith to merge into oilfield services giant
… drilling systems Oilfield services giant Schlumberger Ltd. plans to acquire Smith International Inc. in an $11 billion stock transaction . Transaction details Under the terms of the agreement, Smith shareholders will receive 0.6966 shares of Schlumberger …
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Magnum Hunter grows liquids rich shale with NuLoch acquisition
… its Bakken Shale acreage with a definitive agreement to acquire Williston Basin focused NuLoch Resources in an all stock transaction valued at US$327 million – a 19% premium to the January 18 closing price. Magnum Hunter will issue 42.8 million …
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Industry Briefs
… final order April 12 approving the acquisition by Magnum Hunter Resources Corp. of NGAS Resources Inc. in an all- stock transaction structured as a statutory arrangement under British Columbia law, where NGAS is organized. NGAS shareholders approved …
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GE grows with $1.3B acquisition of Wellstream
… Frontier merger creates large US refiner Holly Corp. and Frontier Oil Corp. have agreed to merge in an all- stock transaction . Based on the closing market prices on Feb. 18 and debt levels as of Dec. 31, the new company would have an enterprise …
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BP looks to grow production offshore India with Reliance agreement
… 16 billion and a revenue backlog estimated to be near $10 billion. Ensco will combine with Pride in a cash and stock transaction valued at $41.60 per share based on Ensco's closing share price on Feb. 4. The implied offer price represents …