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By Sabrina Valle and Mrinalika Roy Aug 2 (Reuters) – Chevron Corp (CVX.N) on Friday posted sharply weaker second-quarter earnings and the oil major’s CEO discounted the chance to close a $53 billion acquisition of Hess Corp (HES.N) before mid-2025, sending shares down 3%. Shares were off 9% since Wednesday following company statements saying a …
Chevron Earnings Slide, Hess Merger Arbitration Drags On Read More »
HOUSTON, Aug 1 (Reuters) – Shares in U.S. oil producer Hess (HES.N) suffered their largest daily percentage drop in 20 months on Thursday on fallout from the lengthy new delay to its proposed sale to Chevron (CVX.N) An arbitration panel organized to hear an Exxon Mobil (XOM.N) challenge to the $53 billion sale will not …
Hess Shares Fall Most in 20 Months on Lengthy New Delay to Chevron Sale Read More »
Chevron Corp. N>’s proposed purchase of oil producer Hess faces a lengthy new delay, with an arbitration panel not expected to holding a hearing on the merits of the case until May 2025, the company said on Wednesday. Exxon Mobil in March filed an arbitration claim seeking a pre-emption right to be able to buy Hess’s …
Chevron’s Proposed Deal for Hess Faces New Delay Over Arbitration Schedule Read More »
By Gary Mcwilliams Big dollar deals like Conoco-Marathon Oil driving activity Average price paid per undeveloped property up 68% this year Exxon’s deal for Pioneer kicked off latest wave of mergers HOUSTON, July 30 (Reuters) – U.S. oil and gas patch deals continued to run hot in the second quarter, topping $30 billion with big …
U.S. Oil and Gas Mergers Continue at Furious Pace in Q2 Read More »
By Gary Mcwilliams Big dollar deals like Conoco-Marathon Oil driving activity Average price paid per undeveloped property up 68% this year Exxon’s deal for Pioneer kicked off latest wave of mergers HOUSTON, July 30 (Reuters) – U.S. oil and gas patch deals continued to run hot in the second quarter, topping $30 billion with big …
US Oil and Gas Mergers Continue at Furious Pace in Q2, Says Enverus Read More »
(Reuters) – Vital Energy and Northern Oil and Gas will jointly acquire U.S. shale assets from private equity-owned Point Energy Partners for $1.1 billion, the companies said on Sunday. Vital will buy an 80% stake in the Point Energy assets, located in the Delaware patch of the Permian Basin, the heart of the U.S. shale industry that …
Vital Energy, Northern Oil and Gas Buy Point Energy Shale Assets for $1.1 Billion Read More »
Transaction highly accretive to key metrics; adds 68 high-return gross locations TULSA, OK, July 28, 2024 (GLOBE NEWSWIRE) — Vital Energy, Inc. (NYSE: VTLE) (“Vital Energy” or the “Company”) today announced the signing of a definitive joint purchase and sale agreement to acquire the assets of Point Energy Partners (“Point”), a Vortus Investments portfolio company. …
Vital Energy to Expand Delaware Basin Position Through Bolt-on Acquisition Read More »
Meme-stock investors lose millions on energy company takeover Tellurian is a cautionary tale for amateur traders hoping to outsmart Wall Street Bloomberg News For Bjorn Bos and other retail investors who piled into energy company Tellurian Inc. in the past few years, it wasn’t meant to end this way. Several meme stocks, including GameStop and …
Meme-Stock Investors Lose Millions on Energy Company Takeover Read More »
$983 million cash and stock transaction expected to be immediately accretive to Archrock’s earnings per share and cash available for dividend per share Complements and deepens existing compression operations in the Permian Basin with addition of 580,000 horsepower of young assets, including approximately 500,000 operating horsepower and a substantial and contracted backlog of new equipment …
Archrock to acquire Total Operations and Production Services, LLC Read More »
(Reuters) – Colombia’s Ecopetrol (ECO.CN), opens new tab is in talks with U.S. oil producer Occidental Petroleum (OXY.N), opens new tab to possibly buy a 30% stake in shale oil producer CrownRock, in a transaction potentially worth $3.6 billion, the North American company said on Friday. Ecopetrol, Colombia’s majority state-owned energy company, said it … …
Colombia’s Ecopetrol in Talks to Buy $3.6 bln CrownRock Stake From Occidental Read More »
