Devon Energy acquires Williston Basin assets, expands buyback plan
Devon Energy will acquire Grayson Mill Energy’s Williston Basin assets for $5 billion — $3.25 billion in cash and $1.75 billion in stock. Devon’s oil production is estimated to average 375,000 b/d, with total production reaching an average of 765,000 boe/d across its diversified portfolio of assets. The deal adds 307,000 net acres and will […]
Noble Corp. to acquire Diamond Offshore Drilling
Noble Corp. will acquire Diamond Offshore Drilling in a stockplus-cash transaction. This acquisition brings together highly complementary fleets and customer coverage. The combined fleet will include 14 dual BOP 7th generation drill ships, creating a leading tier-one drillship fleet. The Ocean GreatWhite, one of the world’s largest ultra-deepwater harsh environment semisubmersibles, and five other semisubmersibles […]
Point Energy Partners II completes $1.1B sale to Vital Energy
Point Energy Partners II (Point Energy) announced the completion of its previously announced $1.1 billion all cash sale of its assets to Vital Energy, Inc. (Vital) and Northern Oil and Gas, Inc. (NOG). Point Energy is a portfolio company of Vortus Investments Advisors. Point Energy is proud to announce a significant milestone in its operational journey, […]
Chesapeake to rebrand as Expand Energy after merger with Southwestern
Chesapeake Energy Corporation and Southwestern Energy Company announced the waiting period in connection with the companies’ pending combination under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (HSR Act) has expired. The companies expect the merger to close in the first week of October. Upon closing, the combined company will be the largest natural gas producer […]
