Auto Added by WPeMatico
(Reuters) – U.S. oil and gas producer Devon Energy is weighing a potential sale of its Eagle Ford and Powder River shale assets that could fetch more than $4 billion, Bloomberg News reported on Friday, citing people familiar with the matter. The potential divestment comes amid continued investor pressure on Devon to streamline its portfolio …
(Reuters) – Matador Resources said on Thursday it would buy privately held Paloma Permian from EnCap Investments for about $1.28 billion, adding high-quality drilling assets in the oil-rich Delaware Basin. U.S. shale producers are prioritizing acquisitions that add premium drilling inventory over rapid production growth to maintain capital discipline, allowing them to sustain output and …
Matador to Buy Paloma Permian for $1.28 Billion, Bolsters Delaware Basin Presence Read More »
July 20 (Reuters) – Magnolia Oil & Gas (MGY.N) said on Monday it had agreed to acquire WildFire Energy for about $4.06 billion, including debt, to expand its position in the Giddings field in South Texas. The deal includes about 810,000 net acres in Giddings, more than doubling Magnolia’s position there to over 1.25 million …
Magnolia Oil & Gas to Buy WildFire Energy in $4.06 Billion Deal Read More »
Activist investors pushed global companies more aggressively in the second quarter to make changes and lifted the overall pace of campaigns in the first half of 2026, Barclays data showed, as their biggest demand was for businesses to sell themselves in a rebounding deal market. Compared with the first half of 2025, activists such as …
Activist Investors Make Bigger Push for Campaigns in H1, Seek More M&A Read More »
By David Carnevali, Ryan Gould, and David Wethe Magnolia Oil & Gas Corp. has emerged as the front-runner to acquire closely held WildFire Energy for more than $4 billion in what would rank as its largest-ever acquisition, according to people familiar with the matter. The Houston-based shale producer is poised to win the auction for …
Magnolia Oil & Gas Is in Lead to Acquire WildFire for Over $4 Billion Read More »
By Stephanie Kelly Buyback pause linked to pending ARC Resources acquisition and shareholder vote Unpurchased shares will be rolled into 2026 buybacks, pending board approval ARC deal is Shell’s largest since 2016 LONDON, June 12 (Reuters) – Shell (SHEL.L) said on Friday it was pausing its $3 billion share buyback programme through July 14, citing …
Shell Pauses $3 Billion Share Buyback Ahead of ARC Acquisition Vote Read More »
(Reuters) – Exxon Mobil Corp is exploring potential acquisition targets, including Australia’s Woodside Energy Group, Bloomberg News reported on Friday, citing people familiar with the matter. Any move for Woodside would further strengthen the U.S. oil major’s position in liquefied natural gas (LNG), a business that major energy companies increasingly see as a key growth …
June 9 (Reuters) – Devon Energy (DVN.N) on Tuesday said it expects production to average 1.38 million barrels of oil equivalent per day in 2026, including oil output of 500,000 barrels per day, following the completion of its merger with Coterra Energy. The U.S. oil and gas producer forecast full-year 2026 capital spending of about …
Devon Energy provides Full-Year Forecast After Merger With Coterra Energy Read More »
(Reuters) – Oilfield services provider Weatherford International said on Monday it has agreed to acquire energy technology firm NCS Multistage Holdings in a cash-and-stock deal. On a blended basis, Weatherford will pay the equivalent of 0.463 of its shares for each NCS share, with roughly 20% of the consideration in cash. Based on Reuters calculations, …
Weatherford to Acquire Oilfield Tech Firm NCS Multistage Read More »
HOUSTON, June 01, 2026 (GLOBE NEWSWIRE) — Weatherford International plc (NASDAQ: WFRD) (“Weatherford” or the “Company”) and NCS Multistage Holdings, Inc. (NASDAQ: NCSM) (“NCS Multistage”) today announced that Weatherford has entered into a definitive agreement to acquire NCS Multistage. Under the terms of the agreement, NCS Multistage stockholders have an election to receive either Weatherford …
