Category: Deals

BP puts Texas Panhandle assets on market

BP is taking bids on its rights to about 280,000 gross acres of natural gas-rich properties in the Texas Panhandle, a spokesman said late Tuesday.  More »

Houston oil field biotechnology firm to go public

Glori Energy wants to combine an influx of public capital and biotechnology to revamp old, nearly infertile U.S. sandstone reservoirs in a bid to free up some 8 billion barrels of stranded oil it has targeted.  More »

Beaumont LNG provider to buy Encana natural gas assets

Stabilis Energy, a Beaumont liquefied natural gas distributor that is building plants in South Texas, said Monday it plans to snap up U.S. storage, regasification and mobile fuel units from Canadian oil producer Encana Corp. for an undisclosed price.  More »

Chevron inks $1.6B joint venture for shale in Argentina

Chevron will spend more than $1.6 billion to develop shale resources in Argentina with state-owned oil company YPF S.A., as the South American country leaps past China to become the most active foreign shale-well driller this year.  More »

Panel: Private equity nearly saturated in upstream market

Private equity firms will continue to throw capital at U.S. independent producers despite tell-tale signs that the number of high-quality investment opportunities is shrinking, a panel of private equity investors said Wednesday.  More »

Panel: Independent producers’ shale-fueled growth is nearing plateau

Major integrated oil companies won’t be able to afford big corporate acquisitions in North America until smaller independent producers start trading at much lower prices on the stock market, a panel of experts said Wednesday.  More »

Baker Hughes acquires Houston reservoir-software firm

Baker Hughes is planning to buy a Houston-based software company in a deal that would add to its digital tools designed to enhance the performance of oil and gas reservoirs.  More »

Private equity firm raises $5B for midstream, power investments

Energy Capital Partners, a private equity firm with a new office in Houston, has raised $5 billion to pump capital into power generation, gas pipeline and energy services companies.  More »

Private equity funnels millions into oil field technology firm

Private equity firms Energy Ventures and Epi-V will funnel $41.5 million into Norwegian oil field equipment provider DWC.  More »

Natural gas utility expands footprint with $1.28B acquisition

The Laclede Group Inc. is acquiring Alabama Gas Corp., the natural gas utility business of Energen, for about $1.28 billion in cash.  More »

Houston oil and gas producer files for $700M IPO

Memorial Resource Development Corp. filed paperwork late Friday for a $700 million initial public offering to take its oil and gas production business to Wall Street, just as it plans to double down on its core resource in Louisiana.  More »

Anadarko ends long legal battle with multibillion-dollar settlement

Anadarko Petroleum said Thursday it has agreed to pay creditors and government officials $5.15 billion to settle a half-decade of legal battles over allegations that a subsidiary had improperly transferred environmental liabilities to a spin-off company nine years ago.  More »
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