Crestwood Equity Partners has announced the divestiture of its Marcellus natural gas gathering and compression assets to Antero Midstream Corporation, for $205 million in cash, representing a multiple of over 7 times 2023E Adjusted EBITDA, subject to customary adjustments. These assets located in Doddridge County and Harrison County, West Virginia, comprise a legacy gas system […]

Tamarack Valley Energy has entered into a definitive agreement to acquire Deltastream Energy Corporation, a privately held pure-play Clearwater oil producer, for total net consideration of $1.425 billion, consisting of $825 million in cash, $300 million in the form of a deferred acquisition payment (“DAP”) and $300 million of equity comprised of approximately 80 million […]

ExxonMobil affiliates have signed an agreement to sell all of ExxonMobil’s interests in the Aera oil-production operation in California to Green Gate Resources E, LLC, a subsidiary of IKAV. The transaction involves a share sale of Mobil California Exploration & Producing Asset Company. In addition, ExxonMobil affiliates have entered into a separate agreement for the […]

TGS, a global provider of energy data and intelligence, has announced that on 31 August 2022, it closed its previously announced intent to acquire the multi-client and processing business of ION Geophysical Corporation (ION) (referred to as the E&P Technology and Services (EPTS) business). The acquisition includes substantially all of ION’s global offshore multi-client data library, data […]

Canadian Overseas Petroleum (COPL), an international oil and gas exploration, production and development company with production and development operations focused in Converse and Natrona Counties, Wyoming, USA, has  announced that the acquisition of the United States assets of Cuda Energy LLC  by its affiliate, COPL America Inc., will close today. Acquisition immediately transformative: COPL America […]

Panoro Energy ASA has made reference to its recent announcement regarding completion of the sale of its fully owned subsidiaries Pan-Petroleum Services Holding BV and Pan-Petroleum Nigeria Holding BV (together referred to as “Divested Subsidiaries” and which together hold 100% of the shares in Pan-Petroleum Aje Limited) to PetroNor E&P ASA for an upfront consideration […]

Shell USA, Inc. (Shell USA) and Shell Midstream Partners, L.P. (NYSE: SHLX) (SHLX) have  announced they have executed a definitive agreement and plan of merger (the “Merger Agreement,” and the transactions contemplated thereby, collectively, the “Transaction”) pursuant to which Shell USA will acquire all of the common units representing limited partner interests in SHLX held […]

SDX, Tenaz have been informed that a shareholder representing that it owns 25.7% of SDX’s issued and outstanding shares intends to vote against the proposed Scheme of Arrangement to amalgamate Tenaz and SDX. The Scheme requires, among other things, that 75% of the shares voted by SDX shareholders support the combination for it to become […]

Waldorf Production Limited said it has entered into a binding Sale and Purchase Agreement with a wholly owned subsidiary of Shorelight Partners for the acquisition of Alpha Petroleum Resources Limited. The acquisition is coming less a month precisely in 23 March, 2022 after the company announced that it has entered into a binding Sale and […]

TGS ASA, a global provider of energy data and intelligence, has announced that it has been named a successful bidder in the auction process conducted in connection with ION Geophysical Corporation’s (ION) Chapter 11 bankruptcy case pending in the United States Bankruptcy Court for the Southern District of Texas.  As a result, TGS will acquire certain assets […]