Articles filed under M&A

Global investment firm Carlyle is leveraging its expertise in carving out exploration and production (E&P) assets by building a standalone natural gas-weighted business focused in Croatia, Egypt and Italy.

Far from the madding crowd in the Permian Basin and Eagle Ford Shale, SM Energy Co. and Northern Oil and Gas Inc. (NOG) on Thursday snapped up a package of assets in Utah’s Uinta Basin for $2.55 billion.

A 90% interest in Commonwealth LNG, which is developing a proposed 9.3 million metric ton/year (mmty) natural gas export project in Louisiana, has been acquired by a unit of Kimmeridge Energy Management Co.

Japan’s Mitsui & Co. Ltd. is continuing to build out its Lower 48 natural gas-weighted holdings after clinching another acquisition in the Eagle Ford Shale of South Texas.

Dealmaking among U.S. natural gas and oil operators is showing few signs of slowing, as consolidation is giving rise to the question of how long the industry revamp would continue.

Shell plc is making good on ambitions to expand its global LNG business with an agreement to acquire Pavilion Energy Pte. Ltd. – and its 6.5 million metric tons/year (mmty) of contracted supply.

Dealmaking is continuing across the global energy sector as Noble Corp. plc, one of the world’s largest ultra-deepwater drillers, has agreed to buy Diamond Offshore Drilling Inc. in a cash-and-stock transaction worth about $1.6 billion.

Dallas-based independent Matador Resources Co. is acquiring privately held Permian Basin producer Ameredev II Parent LLC for $1.9 billion.

Houston-based ConocoPhillips, the world’s largest independent producer, is moving to become even bigger in an estimated $22.5 billion all-stock takeover of crosstown rival Marathon Oil Corp.

Tellurian Inc. on Wednesday gained a lifeline for its stalled Driftwood LNG project in Louisiana after Aethon Energy Management LLC agreed to buy the Haynesville Shale portfolio and become a stakeholder in the still-unsanctioned Gulf Coast export facility.