U.S. oil and gas producer Sundance Energy, which emerged from bankruptcy protection in April, is marketing about 38,800 acres in the Eagle Ford shale basin in South Texas, according to marketing documents seen by Reuters.
TORONTO Canadian mergers and acquisitions activity for the third quarter hit its highest since 2016 as historically low interest rates and strong equity markets helped companies to revive transactions that were put on hold due to the pandemic.
Ontario's largest electric utility, Hydro One Ltd, is seeking acquisitions worth up to C$500 million ($397 million) to boost its customer base and consolidate the fragmented industry, a spokeswoman told Reuters.
Sept 29 Abu Dhabi National Energy Co
has hired advisors to sell all its oil and gas producing assets
in Canada as part of a drive to reduce its carbon footprint,
sources familiar with the matter told Reuters on Wednesday.
Sept 23 U.S. blank check firms eyeing cannabis
companies are struggling to find suitable targets and many are
merging into unrelated industries, as weak after market
performance of recent Special Purpose Acquisition Corps listings
U.S. shale oil producer Centennial Resource Development Inc is seeking buyers for properties covering about 6,000 net acres in the southern Delaware basin of Texas, according to the company managing the sale.
Northern Oil and Gas is the front-runner to buy a stake in Comstock Resources' Bakken assets in North Dakota, three sources familiar with the matter told Reuters.
Top U.S. shale oil producer Pioneer Natural Resources Co has put its assets in the Delaware basin of Texas on the block, aiming to secure more than $2 billion for the properties, two sources familiar with the matter told Reuters on Friday. A strong rebound in crude oil prices following last year's pandemic-led crash has sparked a wave of shale consolidation and opened a window for producers to offload unwanted properties. Pioneer wants to streamline its business and reduce debt after two big acquisitions this year. In March, it sold an oilfield services business for an undisclosed amount.
Sept 17 Northern Oil and Gas is the
front-runner to buy a stake in Comstock Resources'
Bakken assets in North Dakota, three sources familiar with the
matter told Reuters.