Tag: acquisition

Private equity shifts shale strategy as land grab ends

For KKR & Co. (KKR) and Apollo Global Management LLC (APO), leaders of the biggest shale-field buyouts, the difference between failure and success may come down to 93 days.  More »

Russian billionaire to buy RWE oil and gas unit

L1 Energy, the investment vehicle of Russia’s fourth-richest man Mikhail Fridman, agreed to buy RWE AG’s Dea oil and gas unit, gaining assets in the U.K., Germany and the North Sea.  More »

Energy XXI chief: Massive Gulf merger will drive oil field growth (photos)

Energy XXI’s $1.5 billion deal to buy another offshore oil and gas producer is a rare breed in the energy industry, as corporate acquisitions have given way to a slew of asset transactions in recent years. CEO John Schiller says it’s a chance to capitalize on synergies that oil producers don’t typically get when offshore leases simply trade hands.  More »

Houston firm moves into Eagle Ford with trucking buys

Houston-based Leslie Doggett Industries has acquired multiple South Texas heavy equipment and truck companies for $30 million.  More »

State regulators OK NV Energy sale to MidAmerican

Nevada utility regulators gave their approval Monday for the sale of the state’s largest electric utility to a company controlled by billionaire Warren Buffett.  More »

Linn Energy settles suit with shareholders over Berry deal

Houston producer Linn Energy reached a settlement last week with shareholders who had opposed its acquisition of Berry Petroleum Co., the company said in regulatory filings Tuesday.  More »

HII Technologies makes an Eagle Ford purchase

Houston-based oilfield services company HII Technologies Inc. has acquired Aqua Handling of Texas LLC, a frac water transfer service company in the Eagle Ford Shale.  More »

Linn Energy expected to climb regulatory hurdles to Berry deal soon

Linn Energy expects to file later today the last regulatory document standing in the way of its deal to buy Berry Petroleum.  More »

KMG Chemicals delays full earnings report

Specialty chemicals maker KMG Chemicals delayed the release of its full fiscal fourth-quarter earnings report and its conference call because of accounting issues connected to a recent acquisition.  More »

Crestwood to buy Arrow Midstream Holdings for $750 million

Crestwood Midstream Partners on Thursday struck a $750 million deal to buy an oil and gas gathering systems operator in North Dakota’s Bakken Shale.  More »

EnerVest affiliates to snap up Barnett Shale assets

Affiliates of Houston-based oil and gas company EnerVest Ltd. agreed to buy $218 million worth of the Barnett Shale natural gas assets that Carrizo Oil & Gas unloaded this week.  More »

Direct Energy buys Bounce Energy for social media savvy

Direct Energy, a national energy and energy-related services company, purchased the privately-held retailer, playing to use Bounce Energy’s digital marketing and e-commerce skills to grow its national market.  More »
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