Category: Deals

Apache attempts to reassure investors about N. American focus

In response to complaints from an activist hedge fund, Houston-based Apache Corp. said it will continue to focus more closely on North American onshore exploration and production.  More »

TETRA’s gas compression arm to make $825M acquisition

A unit of TETRA Technologies said Sunday it will pay $825 million for a West Texas firm that owns one of the largest fleets of natural gas compressors in the nation.  More »

BP likely to be unscratched by Rosneft sanctions, analysts say

Investors wiped out as much as $4.4 billion from BP’s market value Thursday after a new round of U.S. sanctions on Russia was announced, but it’s not clear the sanctions will impact the company at all.  More »

Schlumberger, Precision deal aims to increase drilling efficiencies

A Canadian driller is teaming up with Schlumberger to combine its walking rigs with the oil-field giant’s powerful rotary steering systems and other tools in a bid to literally cut corners in drilling shale reservoirs.  More »

Exterran to buy compressor units from Chesapeake for $135M

Exterran Partners plans to spend $135 million to buy another round of Chesapeake Energy’s midstream compression units, equipment used to push freshly extracted natural gas into pipelines.  More »

Rosneft to buy Weatherford operations in Russia, Venezuela

Russian oil giant Rosneft will buy Weatherford International’s land drilling and workover operations in Russia and Venezuela for $500 million cash, the companies announced Monday morning.  More »

Whiting to buy Kodiak, creating larger North Dakota player

Whiting Petroleum Corp. agreed to buy Kodiak Oil & Gas Corp. for about $3.8 billion in stock, creating what it called the largest oil producer in the Bakken/Three Forks region of North Dakota.  More »

Private equity firms merge energy assets to create Barnett operator

Two private equity firms will combine their energy assets to form a new oil and gas operator that will have a big presence in the Barnett Shale.  More »

Talisman, Statoil not selling Eagle Ford acreage

Talisman Energy and Statoil ASA’s effort to sell their joint venture in the Eagle Ford Shale has ended after offers came in lower than expected, Bloomberg News is reporting. Bloomberg reports.  More »

Calpine sells six plants for $1.6 billion

Calpine Corp. closed on the sale of six power plants, the power generator said in an Securities and Exchange Commission filing today, bringing in nearly $1.6 billion.  More »

Macquarie fund buys terminals business in American expansion

A fund managed by Macquarie Group Ltd. agreed to take full control of a U.S. bulk liquid terminals operation for $1.03 billion in cash and stock as Australia’s largest investment bank expands its North American businesses.  More »

BP to sell Panhandle gas fields to Pantera for $390M

A BP spokesman said Monday the company has struck a deal to sell off rights to a chunk of its natural gas-rich property in the Texas Panhandle for $390 million.  More »
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