Kimmeridge, an energy-focused alternative asset manager, has put forward a fresh offer to acquire SilverBow Resources, a US-based upstream company, for $34 per share. This move aims to combine SilverBow Resources with Kimmeridge’s own Kimmeridge Texas Gas (KTG), valuing the proposed combined entity at an impressive enterprise value of $1.4 billion. The offer by Kimmeridge […]
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 […]
Callon acquisition of Carrizo : Callon Petroleum, a Texas-based oil and natural gas company, has wrapped up its previously announced $3.2 billion worth acquisition of shale player Carrizo Oil & Gas. The Houston-based energy company Carrizo is involved in the exploration, development, and production of oil and gas from resource plays located in the US. […]