Tag: acquisition

Energy Transfer Partners to buy sister company in $11.2 billion deal

The purchase would bring together two companies both controlled by parent company Energy Transfer Equity, L.P. in a cash-and-stock deal.  More »

Pacific Ethanol buys rival Aventine in $190 million stock deal

The deal announced Wednesday provides new scale for the California company which dominates markets in the West as it picks up Aventine’s infrastructure and networks in the Midwest and East.  More »

Southwestern Energy to buy more Marcellus, Utica acreage

Southwestern Energy Co. said Tuesday it is planning to snap up Statoil’s 20-percent stake in oil and gas assets in West Virginia and southwest Pennsylvania for $394 million, just a day after closing its biggest-ever deal with Chesapeake Energy in the region.  More »

Halliburton, Baker Hughes overcame $3.3 billion divide to reach deal

During the month-long bout of haggling between the two companies, Halliburton CEO Dave Lesar said a counter offer proposed by Baker Hughes “shocked me and is clearly one that we cannot accept.”  More »

Rosneft’s acquisition of Morgan Stanley oil unit scuttled

The deal received U.S. antitrust approval in June, but Rosneft said Monday that regulator objections held up the deal.  More »

Halliburton lays off 1,000 employees in Eastern Hemisphere

HOUSTON — Oil field giant Halliburton said Thursday it is laying off about 1,000 employees across multiple regions in the Eastern Hemisphere, effective immediately, a day after a company executive said it expects a $75 million restructuring charge in the fourth quarter.  More »

Halliburton begins antitrust review, sees $75 million restructuring charge

Halliburton chief financial officer Mark McCollum said the regulatory review process to clear the deal to acquire Baker Hughes with U.S. and European Union authorities has begun in earnest.  More »

Southwestern Energy to pay $300M for gas-rich land in Pennsylvania

Southwestern Energy Co. is planning to pay $300 million for thousands of acres in a natural gas-rich region of Pennsylvania, little more than six weeks after its multibillion-dollar purchase of gas land nearby.  More »

Technip puts up $1.8B offer for French seismic company

The Paris-based oil and gas equipment supplier said it first approached CGG on Nov. 10, and that it would “like to enter into a constructive dialogue” with the company’s board of directors.  More »

10 things to know about the Halliburton-Baker Hughes deal

Regulators, shareholders and employees’ whose jobs could be in limbo have all already expressed concern about the implications of the complex deal.  More »

Plains to buy half of BridgeTex in $1.1 billion deal

The pipeline is a major artery for the basin with a capacity of 300,000 barrels per day of crude.  More »

ONEOK buys Chevron NGL pipelines for $800 million

The deal gives the company 2,600 miles of natural gas liquid gathering pipelines from southeast New Mexico to Mont Belvieu.  More »

Carrizo snaps up Eagle Ford acreage for $250M

The debt-funded deal closed late last week, but Carrizo said it is scheduled pay the bulk of the purchase price by February.  More »

Apollo buys Houston oil field firm

Apollo Global Management is diving deeper into U.S. shale oil and gas with the purchase of one of the largest private companies in Houston.  More »

Tesoro Logistics to acquire Colorado company for $2.5 billion

The deal is expected to close by the end of the year.  More »
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