Category: Deal News

Natural gas transmission firm ONEOK has signed an agreement to acquire all remaining publicly held common units of EnLink Midstream through a tax-free transaction valued at $4.3bn.

ConocoPhillips has announced the completion of its acquisition of Marathon Oil Corporation.

ONEOK has announced an agreement to sell its three wholly owned interstate natural gas pipeline systems to DT Midstream for $1.2bn.

LandBridge has announced a purchase and sale agreement to acquire approximately 46,000 surface acres in the Southern Delaware Basin, known as the Wolf Bone Ranch, from a subsidiary of VTX Energy Partners, a Vitol investment.

Ovintiv has signed a definitive purchase agreement to acquire Montney assets from Paramount Resources in an all-cash transaction valued at approximately $2.37bn.

Carnelian Energy Capital is reportedly considering selling Ridgemar Energy, a US oil and gas producer, which could be valued at more than $1bn, including debt.

Coterra Energy has announced definitive agreements to acquire assets from Franklin Mountain Energy and Avant Natural Resources for a total consideration of $3.95bn.

Exxon Mobil has reached an agreement to divest its conventional oil drilling assets in the Permian Basin, located in Texas and New Mexico, to Hilcorp Energy for approximately $1bn.

ADNOC Gas is set to acquire a 60% stake in the Ruwais liquified natural gas (LNG) plant from ADNOC at an estimated cost of $5bn by the second half of 2028.

Enersol, a joint venture between ADNOC Drilling and Alpha Dhabi, has entered into an agreement to acquire a 95% equity stake in Deep Well Services (DWS) for approximately $223m, inclusive of performance-based payments.