Tag: mergers

Baker Hughes’ CEO talked with global conglomerate before Halliburton deal

The CEO of Baker Hughes had met with a global conglomerate in Europe just weeks before his company struck a $35 billion deal to sell itself to Halliburton, new corporate disclosures show.  More »

Halliburton-Baker Hughes deal would rank among top 20 energy deals of last 20 years

Data shows that the 20 biggest oil and gas deals of the last century have all been announced since 1998.  More »

Anadarko CEO: Lower oil prices could bring more acquisitions

A decline in oil prices may offer up discounts for key acquisitions in Colorado and elsewhere, Anadarko CEO Al Walker said.  More »

Louisiana utility company to be bought for $3.4 billion

Investors led by Australia’s Macquarie Group Ltd. agreed to buy Louisiana utility Cleco Corp. for $3.4 billion in cash, attracted by the steady, long-term returns of regulated power assets.  More »

Sinking oil prices may stifle deals, M&A expert says

With oil prices at their lowest point in years, the rate of mergers and acquisitions is slowing and oil firms are pulling back on international investments.  More »

Targa reports strong quarter, stays coy about merger potential

Pipeline operator Targa Resources says it will evaluate possible deals after a proposed merger fell through earlier this year, but officials wouldn’t say if it’s in active merger talks.  More »

Private equity, foreign buyers return to U.S. oil and gas deals

U.S. oil and gas deals jumped nearly 40 percent in combined value in the second quarter as a foreign buyers and private equity firms returned to the sales block to snap up oil-soaked shale.  More »

Utility deals heating up with gas glut

Near-zero interest rates and low power prices caused by a glut in natural gas are increasing the appeal of regulated utility assets, which offer stable cash flow and returns.  More »

Eagle Ford led energy deals in 2013, despite national decline

The Eagle Ford Shale was home to $8.8 billion in upstream oil and gas deals in 2013, the largest value in the country, according to a new PLS report.  More »

Foreign, private buyers scoop up orphan assets to drive deals

Foreign buyers and private equity players made elbow room at the deal table again in the third quarter after a lull in oil and gas divestitures in the summer, according to a report Thursday by PricewaterhouseCoopers.  More »

Crestwood buys in to midstream demand

Houston-based Crestwood Midstream Partners has been expanding its assets through acquisitions to capitalize on new demand for moving oil and gas and CEO Robert Phillips says he’s ready to tap the market again.  More »

Oil patch activism to spur dealmaking and board shakeups

Activist investors may spur a return to dealmaking in the energy industry as shareholders seek to reap greater value from oil and natural gas reserves.  More »

Contango Oil & Gas and Crimson Exploration agree to merger

The two Houston-based independents say the deal is worth $390 million.  More »

After big fourth quarter, energy deals decline

Energy industry mergers valued at more than $50 million dropped in the first three months of the year compared to the frenzied fourth quarter, but rose over the first quarter of 2012.  More »

Survey: Energy execs cautious about acquisitions

Just 31 percent of surveyed oil and gas executives expect to pursue acquisitions over the next 12 months, down from 48 percent in October, according to an Ernst & Young report.  More »
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