Chord Energy Corporation (NASDAQ: CHRD) and Enerplus Corporation (TSX: ERF) (NYSE: ERF) have successfully completed a landmark merger, valued at approximately $11 billion, making a bold move in the energy sector. This strategic alliance is set to redefine the landscape of the Williston Basin, where the newly combined entity will now control an impressive 1.3 […]
Chord Energy Corporation (NASDAQ: CHRD) and Enerplus Corporation (TSX: ERF) (NYSE: ERF) have unveiled a landmark merger agreement, valued at approximately $11 billion in stock and cash, heralding a significant shakeup in the energy sector. This strategic union is poised to create a dominant force in the Williston Basin, boasting a combined 4Q23 production of […]
Energy Transfer has officially completed the acquisition of American midstream operator Crestwood Equity Partners, a transaction valued at $7.1 billion. This strategic move not only expands Energy Transfer’s footprint in the Delaware and Williston basins but also marks its entry into the Powder River basin. Based on Crestwood’s closing price as of August 15, 2023, […]
Chord Energy Corporation, a Nasdaq-listed exploration and production company, has signed an all-cash deal worth $375 million with XTO Energy ExxonMobil Inc. and affiliates, which are subsidiaries of ExxonMobil, to acquire certain assets in the Williston Basin. Under this agreement, Chord Energy will gain control over nearly 62,000 net acres, of which approximately 77% remain undeveloped. […]
Devon Energy, a Delaware Basin oil and gas producer, has closed the previously announced $865 million acquisition of RimRock Oil and Gas’ leasehold interest and related assets in the Williston Basin. The all-cash deal was announced last month. Through the acquisition, Devon Energy gains a contiguous position of 38,000 net acres, which directly offsets and […]
Crestwood Equity Partners has wrapped up the previously announced $1.8 billion acquisition of Oasis Midstream, an operator in the Williston and Delaware Basins in the US. Through the acquisition, Crestwood Equity Partners is said to have considerably boosted its scale and position in the onshore basins. This has enabled the Texan midstream operator to capture […]
Bowline Energy, a US-based exploration and production company, has acquired the Williston Basin assets of Nine Point Energy. The acquisition was executed via a Chapter 11 Section 363 process and was approved by the Bankruptcy Court. Bowline Energy stated: “The Williston Basin remains one of the premier oil and gas basins in the United States […]
Enerplus, a Canadian oil and gas company, has signed an all-cash deal worth $465 million to acquire Bruin E&P HoldCo, a pure play producer in the Williston Basin in North Dakota, US. The operational areas of Bruin E&P include the Fort Berthold Indian Reservation, and the Bakken Shale and Three Forks formations. The Texas-based oil […]