Going for Gold - US O&G M&A

US oil industry's M&A spree set to exceed last year’s impressive totals; ExxonMobil, Equinor shift stakes to Hess in Suriname's deepwater block; Granite Ridge Resources bolsters U.S. drilling assets with new acquisitions; Embracing natural gas offers economic, environmental gains.

Author

Rob Quigley
August 12, 2024

by VSO Petroleum Consultants. Oil and Gas industry news for those in the deal flow (Investors and A&D Professionals). Your daily source for the latest A&D/M&A news, industry news, and expert interviews.

First Things First:

US oil M&A activity is on track to surpass last year's totals, underscoring the industry's robust deal-making environment.

U.S. Oil M&A Spree Set to Surpass Last Year’s Size | OilPrice.com

As the sector consolidates further, one other question arises: how will production change as the number of players on the shale field shrinks?

oilprice.com/Energy/Crude-Oil/US-Oil-MA-Spree-Set-to-Surpass-Last-Years-Size.html

ExxonMobil, Equinor shift stakes to Hess in Suriname's deepwater block.(WorldOil)

Granite Ridge Resources bolsters U.S. drilling assets with new acquisitions.(WorldOil)

Embracing natural gas offers economic, environmental gains.(OilPrice)

VSO is the go-to consulting firm for buy-side technical due diligence. We can handle all your technical evaluations or can be your spare capacity when you need overflow help. If you’re in the deal flow, let’s work together.

Daily Headlines

  • US oil M&A activity set to surpass last year.(OilPrice)

  • Embracing natural gas offers economic, environmental gains.(OilPrice)

  • US oil drillers achieve another production record.(Forbes)

  • West Texas faces issues with zombie oil wells.(HoustonChronicle)

  • Summit sees gas traffic drop after Utica midstream sale.(HartEnergy)

Deal Flow

M&A/Investment

  • ExxonMobil and Equinor transfer stakes in deepwater exploration block offshore Suriname to Hess.(WorldOil)

  • Enbridge to expand Gray Oak pipeline from Crane in West Texas to Corpus Christi.(PBOilandGasMagazine)

  • Granite Ridge Resources acquires onshore oil and gas drilling assets across U.S. basins.(WorldOil)

  • Energy Transfer completes deal for WTG Midstream to expand in Midland Basin.(PBOilandGasMagazine)

  • Woodside unlikely to face rival bid in deal for US LNG firm Tellurian.(OilPrice)

IPO/Direct Listing/Issuances/Block Trades

  • No deals match this criteria.

Debt

  • Athabasca Oil closes C$200 million unsecured notes offering.(BOEReport)

SPAC

  • No deals match this criteria.

Bankruptcy/Restructuring/Distressed

  • No deals match this criteria.

Fundraising

  • No deals match this criteria.

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