Mergers and Acquisitions

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Crescent Energy to Buy SilverBow Resources in $2.1 Billion Deal

Energy Topics & Technology, Latest, Mergers and Acquisitions, Pinned Primary, US News / By

(Reuters) – Crescent Energy  will buy SilverBow Resources  in a $2.1 billion deal, the companies said on Thursday, amid a consolidation wave in the U.S. oil and gas industry. SilverBow and Crescent Energy both operate in the Eagle Ford shale in Texas. The announcement comes amid SilverBow’s tussle with its largest shareholder Kimmeridge Energy Management, which …

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ISS Recommends Hess shareholders Abstain from Voting for Merger with Chevron

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 Proxy advisory firm ISS recommended on Monday that Hess shareholders abstain from voting for Chevron’s proposed $53 billion acquisition of Hess. Hess shareholders are set to vote on the deal at a meeting scheduled for May 28. ISS questioned the timing for the vote amid uncertainty around the deal due to an arbitration process filed …

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Schumer Urges FTC to Hit the Brakes on $53 billion Chevron-Hess Merger

Energy Topics & Technology, Latest, Mergers and Acquisitions, Tri-Pinned, US News / By

By Reuters Schumer urges FTC to hit the brakes on $53 billion Chevron-Hess merger By Reuters May 12 (Reuters) – U.S> Senate Majority Leader Chuck Schumer on Sunday urged the Federal Trade Commission to “pump the breaks” on Chevron Corp’s  proposed $53 billion acquisition of Hess Corp. “The FTC should side with consumers and pump the breaks …

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Midstream Space Is Ripe for More M&A, Energy Transfer Says

Energy Topics & Technology, Latest, Mergers and Acquisitions, Pipelines, US News / By

Bllomberg Pipeline operator Energy Transfer LP says it intends to fully evaluate opportunities for mergers and acquisitions. Since last year, there has been a wave of acquisitions among US oil and gas producers as they seek to cut costs and line up new well sites. Though most of the deals have been between drillers, the pipeline sector …

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Chevron Arbitration to Go Into 2025, Exxon CEO Woods Tells CNBC

Conventional Energy, Energy Topics & Technology, Latest, Mergers and Acquisitions, Oil / By

U.S. energy major Exxon Mobil’s arbitration over Chevron’s plans to buy Hess’s Guyana oilfield stake will extend into 2025, Exxon CEO Darren Woods said to CNBC in an interview, souring expectations of a resolution this year. Exxon and CNOOC Ltd filed cases before the International Chamber of Commerce in March, seeking the right-of-first-refusal over any sale of Hess’s …

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ExxonMobil Completes Acquisition of Pioneer Natural Resources

Energy Topics & Technology, Latest, Mergers and Acquisitions, Pinned Primary, US News / By

Transforms ExxonMobil’s upstream portfolio by more than doubling the company’s Permian footprint Combines Pioneer’s sizeable acreage, entrepreneurial culture and deep industry expertise with ExxonMobil’s balance-sheet strength, advanced technologies and industry-leading project development capabilities Transitions Pioneer’s 2050 net-zero Permian goal to a 2035 plan SPRING, Texas–(BUSINESS WIRE)–Exxon Mobil Corporation (NYSE: XOM) today announced it has closed its …

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Biggest Oil and Gas Sector Deals Since the Start of the Century

Conventional Energy, Energy Topics & Technology, Exploration & Production, Latest, Mergers and Acquisitions, Natural Gas, Oil, US News / By

(Reuters) – Top U.S. oil and gas producer Exxon Mobil  has won the approval of the Federal Trade Commission (FTC) to close its deal for Pioneer Natural Resources  on the condition that former Pioneer CEO Scott Sheffield is kept off its board. The U.S. oil and gas industry went on a $250 billion buying spree in 2023 …

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Exxon to bar Pioneer CEO From its Board in Deal with FTC, WSJ Reports

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Exxon Mobil is set to close its $60 billion deal for Pioneer Natural Resources following an agreement with antitrust enforcers to not add Pioneer CEO Scott Sheffield to its board, the Wall Street Journal reported on Wednesday, citing people familiar with the matter. The Federal Trade Commission is set to allege as soon as Wednesday …

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U.S. FTC Set to Rule on Exxon’s $60 Billion Deal for Pioneer

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The U.S. Federal Trade Commission is set to decide whether to sue to block Exxon Mobil’s $60 billion acquisition of Pioneer Natural Resources in the coming days, Bloomberg News reported on Wednesday, citing people familiar with the matter. Exxon complied with FTC’s second request for information at the beginning of April, triggering a 30-day period …

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Diamondback Energy and Endeavor Receive Second FTC Request Over $26 Bln Deal

Energy Topics & Technology, Latest, Mergers and Acquisitions / By

Oil and gas firm Diamondback Energy said on Monday it had received a second request from the U.S. Federal Trade Commission (FTC) in connection with the $26 billion deal to buy privately-held Endeavor. The U.S. antitrust regulator has asked for additional information and documentary material as part of its review of the proposed merger. CONTEXT …

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