Crescent Energy acquisition of SilverBow Resources : In a significant move that reshapes the landscape of the energy sector, Crescent Energy Company (NYSE: CRGY) and SilverBow Resources, Inc. (NYSE: SBOW) have announced a definitive merger agreement valued at $2.1 billion. This strategic amalgamation marks a major shift, creating a formidable entity in the Eagle Ford […]
SilverBow Resources, Inc. (NYSE: SBOW) announced the closing of a major acquisition, purchasing Chesapeake Energy Corporation’s (NASDAQ:CHK) oil and gas assets in South Texas. The deal, valued at $700 million, includes a $650 million upfront cash payment and an additional $50 million deferred cash payment, subject to customary adjustments. This strategic move, known as the […]
Recoil Resources, a privately held oil and gas company focused on the Eagle Ford Shale oil window, announced a pivotal financial milestone—securing a senior secured term loan with Valor Upstream Credit Partners, L.P. (“VCP”). This deal positions Recoil Resources for aggressive growth in the booming Eagle Ford oil window. VCP, a dedicated upstream credit fund, […]
Canadian oil and gas company Baytex Energy has agreed to acquire Eagle Ford shale operator Ranger Oil Corporation in a cash and stock deal worth around $2.5 billion, including the latter’s net debt of $650 million. Under the terms of the deal, Ranger Oil’s shareholders will exchange each of their shares for 7.49 shares of […]
INEOS Energy will acquire a part of Chesapeake Energy’s oil and gas assets in the Eagle Ford shale, south Texas for $1.4 billion as part of its strategy to build a global integrated portfolio. The acquisition of the US assets marks INEOS Energy’s entry as operator into the US onshore oil and gas market. Under […]
Marathon Oil has agreed to acquire the Eagle Ford Shale assets of Ensign Natural Resources in an all-cash transaction valued at $3 billion to nearly double its position in the basin. Through the transaction, Marathon Oil will acquire an additional 130,000 net acres (99% operated, 97% working interest) that span the Live Oak, Bee, Karnes, […]
Devon Energy Corp. has wrapped up its previously announced $1.8 billion acquisition of Eagle Ford operator Validus Energy from Pontem Energy Capital and others. The all-cash deal was announced in August 2022. (Read more about Devon Energy acquisition of Validus Energy here) Through the deal, Devon Energy, which has a multi-basin portfolio, added an acreage […]
Devon Energy acquisition of Validus Energy : Devon Energy, an oil and gas producer focused on the Delaware Basin, has signed an all-cash deal worth $1.8 billion to acquire Eagle Ford Shale operator Validus Energy from Pontem Energy Capital and others. The deal gives the publicly-listed Devon Energy 42,000 net acres of acreage, in which […]
SilverBow Resources, a Houston-based upstream company, has wrapped up the previously announced $71 million acquisition of certain assets of SandPoint Operating, a subsidiary of SandPoint Resources. The consideration for the acquisition is made up of nearly $31 million in cash and 1.3 million shares of SilverBow Resources. The cash part of the acquisition was funded […]
SilverBow Resources has wrapped up its previously announced all-stock deal worth $33 million to acquire oil and gas assets in the Eagle Ford, US from an undisclosed seller. As per the terms of the agreement signed in August 2021, SilverBow Resources issued nearly 1.5 million of its shares to the seller. Through the deal, SilverBow […]