Category: Deals

Sabine Oil to merge with Forest Oil

abine Oil & Gas LLC, an energy producer backed by private equity firm First Reserve Corp., agreed to merge with Forest Oil Corp. in an all-stock transaction to create one of the biggest operators in East Texas.  More »

Sanchez Energy: Not as many Eagle Ford deals this year

Tony Sanchez III, president and CEO, said that the company always looks at deals being shopped publicly or privately, but said there’s not as much Eagle Ford merger and acquisition activity this year.  More »

Memorial Production Partners spending $935 million on Wyoming assets

Memorial Production Partners LP said Monday it inked a deal to buy oil producing properties in Wyoming for about $935 million.  More »

Berkshire Hathaway unit buying AltaLink for $2.9B

Berkshire Hathaway Inc.’s energy unit is buying the rest of Canadian power transmission provider AltaLink for about $2.92 billion.  More »

Buffett brand spreads as MidAmerican takes Berkshire name

MidAmerican Energy Holdings Co. has changed its name to Berkshire Hathaway Energy, linking its brand with that of the parent company led by billionaire investor Warren Buffett.  More »

Noble Corp. won’t pursue IPO for spinoff after all

Offshore drilling contractor Noble Corp. announced Wednesday that it won’t move forward with an initial public offering of stock in a new spinoff company, but the spinoff will continue as planned.  More »

US deals rise as Big Oil sheds assets

First-quarter oil and gas deal-making in the U.S. reached its highest level in more than a decade, as Big Oil companies discarded assets to focus on their core operations.  More »

What the bankruptcy of TXU’s parent means for consumers

As news of Energy Future Holdings’ bankruptcy filing spread Tuesday, advocates and economists disagreed about what, exactly, it may mean for the customers 1.7 million retail customers.  More »

Energy Transfer Partners buys Stripes operator for $1.8B

Dallas-based Energy Transfer Partners will pay $1.8 billion for the company that operates the Stripes convenience store chain, which has 630 locations across Texas, New Mexico and Oklahoma.  More »

Williams Partners plans $300M pipeline expansion for gas export facility

Williams Partners is planning a $300 million expansion of its southeastern U.S. pipeline system to carry natural gas to Cheniere Energy’s future liquefied natural gas export facilities at the Sabine Pass in Louisiana, the company said Friday.  More »

More drilling, capital needed to sell shale, PE investor says

The euphoria that drove a land rush in U.S. shale plays has in recent years given way to reality: Not all shale rocks were created equal. Buyers are now a lot more skeptical of any oil land on the sales block, says a private equity investor who is establishing a new office in Houston this week.  More »

Hess to sell $1 billion in assets to Thai oil company

PTT Exploration & Production Pcl, Thailand’s biggest publicly listed oil and natural gas explorer, agreed to pay about $1 billion cash for Hess Corp. (HES)’s stakes in oil and gas assets in Thailand.  More »