Houston-based Kraton will buy larger rival for $1.37 billion

Arizona Chemical, which is based in Jacksonville, Florida, makes chemicals used in crude oil production, adhesives, tires, fuel additives and more.
Categories: Chemicals, Deals, General
Dave Lesar,center, chairman and CEO of Halliburton, rings the Opening Bell at the New York Stock Exchange (NYSE) on November 18, 2014 in New York City. (Photo by Spencer Platt/Getty Images)

Halliburton, Baker Hughes announce additional divestitures

Halliburton and Baker Hughes Inc. announced plans Monday to sell off additional businesses to gain regulatory approval for their $35 billion merger.
A  2010 file photo shows a sign at a BP  station in London. (AP Photo/Alastair Grant, File)

BP has big defense against hostile takeover attempt

potential buyer might be forced to accelerate the payment of up to two thirds of the $18.7 billion in penalties the company agreed to pay the U.S. and several states, according to company filings. As it stands, BP has more than 15 years.
(AP Photo/Pat Sullivan, File)

Schlumberger won’t extend pursuit for $1.7 billion deal for Eurasia Drilling stake

The company said it does not intend to extend the agreement beyond the current extension’s Sept. 30 expiration date. Instead, Schlumberger will focus on other opportunities for mergers and acquisitions, the company said in a statement.
(Daniel Acker/Bloomberg)

Drillers expected to sell more assets as they slash spending

Independent oil producers are likely to cut capital expenditures by 23 percent or more in 2016, and bigger companies could reduce spending 8 percent on average, Wunderlich Securities said Wednesday.
Karnes County Eagle Ford 10 jl

Enervest buys up Eagle Ford acreage for $125 million

The sale of Alta Mesa Eagle to EnerVest, which is expected to close by the end of the month, includes 7.8 million barrels of oil equivalent in reserve, most of which are in Karnes County, one of the most active regions within the South Texas shale play.

Weatherford backs down from $1 billion fundraising plan

The reversal came late Monday after Weatherford’s stock took a beating, with shares tumbling $1.71 or 17 percent to $8.41 Monday on the New York Stock Exchange.

Weatherford’s $1 billion fundraising plan encourages acquisition talk

The Switzerland-based company, which is operated out of Houston, said it plans to raise the money through a combination of debt and stock offerings. Weatherford said it will use the proceeds to fund potential acquisitions and for “general corporate purposes.”
Oil field workers in 2012  drill into the Gypsum Hills near Medicine Lodge, Kan.   U.S. Steel said Tuesday it will lay off about 750 employees from two plants that make tubular steel, which is used in oil and gas drilling(AP Photo/Orlin Wagner, File)

Samson bondholders said to contest Cerberus-led takeover plan

Under the plan now in place, Cerberus and other lenders including Silver Point Capital LP and Anschutz Investment Co. would cancel the debt Samson owes them in exchange for ownership.
Halliburton Chairman and CEO Dave Lesar, joined by members of the Halliburton Executive Team ring the Opening bell at the New York Stock Exchange on November 18, 2014 in New York City. (Photo by Ben Hider/NYSE)

Deloitte: More oil and gas deals coming if crude prices stay low

As the hedges roll off, credit tightens and the realization that high prices are far off settles in, many companies will need to offer assets for sale and stronger ones will find good deals.