Coterra acquires accretive Permian Basin assets
Coterra Energy Inc. has entered into two separate definitive agreements to acquire certain assets of Franklin Mountain Energy and Avant Natural Resources and its affiliates for an aggregate consideration of $3.95 billion. The transactions are each subject to the satisfaction of customary terms and conditions and are expected to close during Q1 2025, with effective […]
Phillips 66 to sell interest in Switzerland-based JV
Phillips 66 reported that its subsidiary, Phillips 66 Ltd., has entered into a definitive agreement to sell its 49% non-operated equity interest in Coop Mineraloel AG (CMA) to its Swiss JV partner. It will receive cash of 1.06 billion Swiss francs (approximately $1.24 billion) consisting of a 1 billion Swiss franc sales price (approximately $1.17 […]
Chevron selling $6.5B in Athabasca oil sands, Duvernay shale
Chevron Canada Ltd., an indirect subsidiary of Chevron Corp., reported that it and a related entity have entered into a definitive agreement to sell their 20% non-operated interest in the Athabasca Oil Sands Project, 70% operated interest in the Duvernay shale and related interests, all located in Alberta, Canada, to Canadian Natural Resources Limited. The […]
