Company News

BlackRock to Acquire Public Shares of GasLog, Representing 45% Interest

BlackRock's Global Energy & Power Infrastructure Fund (GEPIF) will acquired all outstanding common shares not owned by Blenheim Holdings for $5.80 per share. The Livanos family will continue to control 55% of the company via Blenheim. The deal is expected to close in the…

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Kiwetinohk, Distinction to Acquire Ovintiv's Duvernay Assets in Alberta

Distinction Energy (50%) and Kiwetinohk Resources (50%) agreed to acquire interests in the Simonette area of Alberta for CAD 335 million, including 15 million in contingency payments. This includes the Willesden Green and Ferrier areas. Production averaged 10,000 boe per day…

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Crescent Point Energy to Acquire Shell's Kaybob Duvernay Assets

Crescent Point has agreed to acquire Shell's Kaybob Duvernay assets in Alberta for $700 million in cash and 50 million Crescent Point common shares. The deal is expected to close in April 2021.

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Tailwater to Acquire NorTex Midstream From Castleton Commodities

Tailwater has signed a definitive agreement to acquire NorTex from Castleton Commodities. Terms of the transaction were not disclosed. Jeffries advised Castleton on the deal.

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Energy Transfer to Acquire Enable Midstream in All-Stock Transaction

Energy Transfer has entered into a definitive agreement to acquire Enable Midstream with each Enable common unitholder receiving 0.8595 units in Energy Transfer. Enable Series A preferred units will receive 0.0265 Series G preferred units in Energy Transfer, and Enable's…

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AIP Acquires Majority Stake in Ingersoll Rand's High Pressure Solutions Unit

American Industrial Partners (AIP) has agreed to acquired Ingersoll Rand's High Pressure Solutions (HPS) business segment for $300 million in cash with Ingersoll Rand retaining a 45% interest in the business. Simmons Energy advised Ingersoll Rand, and the deal is expected to…

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Technip Energies Lists Publicly, Separating From TechnipFMC

In August 2019, TechnipFMC announced its board of directors has unanimously approved a plan to separate into two independent, publicly-traded companies: technology and manufacturing company RemainCo (TechnipFMC) and engineering and construction (E&C)…

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Quorum Software to Acquire Aucerna, TietoEVRY's Oil & Gas Software

Aucerna provides integrated planning, execution, and reserves software, and TietoEVRY provides DaWinci for personnel and material logistics. Gene Austin will remain CEO of Quorum with Aucerna co-founder Wayne Sim joining the board of directors, and the company will continue…

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ARC Resources to Acquire Seven Generations Energy in All-Share Merger

The companies have entered into a definitive agreement to combine in an all-share transaction valued at $8.1 billion, inclusive of net debt. The combined company will retain the ARC Resources name and Calgary headquarters. Seven Generations shareholders will receive 1.108…

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SandRidge Energy Sells North Park Basin Assets in Colorado

SandRidge Energy entered into a definitive agreement in December 2020 for the sale of its North Park Basin assets for $47 million in cash. These assets represent less than 10% of production and reserves. Closing is expected during the first quarter of 2021, and Jeffries…

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