1Derrick gives OGFJ readers a snapshot of oil and gas industry M&A activity for the week of July 18 to July 22.
Wood Mackenzie's recent analysis of corporates in the oil and gas sector shows the industry has a strong ‘survival’ reflex, measured by dramatically tighter cash flow management.
Viper Energy Partners LP, a subsidiary of Diamondback Energy Inc., has acquired acreage in the Midland and Delaware Basins.
EV, a specialist in well diagnosis, has appointed Fraser Louden as its new CEO.
Private equity funds managed by ArcLight Capital Partners LLC recently closed a $150 million commitment to back LOGOS Resources, a developer of oil and natural gas production assets in the San Juan Basin.
On July 1, 2016, J-W Energy Company closed on the sale of substantially all of the oil and gas assets owned by J-W Operating Company and substantially all of the midstream assets owned by J-W Midstream Company to affiliates of Aethon United LP.
Royale Energy Inc. and privately held Matrix Oil Corp. have entered into a Letter of Intent to merge in a combined stock and assumption of debt transaction.
Rex Energy has entered into an exchange agreement with a fund managed by a certain holder, pursuant to which the holder agreed to exchange $43.5 million aggregate principal amount of the company's 1.00%/8.00% Senior Secured Second Lien Notes due 2020 for approximately 16.8 million shares of common...
Shell Midstream Partners LP has agreed to acquire a 2.62% equity interest in Explorer Pipeline Company.