ExxonMobil completes acquisition of Pioneer Natural Resources
ExxonMobil Corporation has closed its acquisition of Pioneer Natural Resources Company. The merger of ExxonMobil and Pioneer creates an Unconventional business with the largest, high-return development potential in the Permian Basin. The combined company’s more than 1.4 million net acres in the Delaware and Midland basins have an estimated resource of 16 billion boe. ExxonMobil’s […]
ConocoPhillips to acquire Marathon Oil in $22.5B all-stock deal
ConocoPhillips and Marathon Oil entered an agreement under which ConocoPhillips will acquire Marathon Oil in an all-stock transaction with an enterprise value of $22.5 billion, including $5.4 billion in net debt. Under the terms of the agreement, Marathon Oil shareholders will receive 0.2550 shares of ConocoPhillips common stock for each share of Marathon Oil common […]
Double-dipping: Leveraged recapitalization
By: THOMAS BRINSKO, CEO, BIC Alliance Deciding to sell all or part of your company is no easy decision. Many small business owners who have built a successful company are often torn between taking chips off the table and pushing harder to take their company to the next level of success. Growing the company further would have […]
