Quarter Trillion $ of M&A in 12 Months

Shale Consolidation Spree Reaches $250B in Past Year; Warwick Expands Operated Eagle Ford Footprint with Strategic Acquisition; Chesapeake prepared to curtail volumes again as natgas drops below $2; Viaro Acquires Shell and Exxon's North Sea Assets.

Author

Rob Quigley
July 31, 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:

Oil and gas mergers total $250 billion in just 12 months

Oil And Gas Mergers Total $250 Billion In Just 12 Months

A new report by Enverus Intelligence Research finds that upstream oil and gas m&a deals over the past 12 months have totaled to an unprecedented $250 billion.

www.forbes.com/sites/davidblackmon/2024/07/30/oil-and-gas-mergers-total-250-billion-in-just-12-months

Warwick Expands Operated Eagle Ford Footprint with Strategic Acquisition.(prnewswire)

Chesapeake prepared to curtail volumes again as natgas drops below $2. (HartEnergy)

Viaro Acquires Shell and Exxon's North Sea Assets. (gCaptain)

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

  • Oil and gas mergers total $250 billion in just 12 months.(Forbes)

  • Nearly $90 billion in shale M&A this year points to shrinking opportunities for buyers.(JPT)

  • Chesapeake prepared to curtail volumes again as natgas drops below $2.(HartEnergy)

  • Disputed Delaware Basin acres excluded in Vital Point Energy deal.(HartEnergy)

  • Natgas prices drop as US production surges and storage hits record.(ChemAnalyst)

  • TotalEnergies to quit South African offshore gas block.(Reuters)

  • BP scales back biofuels projects, focuses on high oil demand.(OilPrice)

  • 103 earthquakes in 80 days in Texas linked to oil and gas extractions.(EconomicTimes)

  • Texas shuts in disposal wells after earthquakes rattle part of state.(UpstreamOnline)

Deal Flow

M&A/Investment

  • Warwick Expands Operated Eagle Ford Footprint with Strategic Acquisition.(prnewswire)

  • Disputed Delaware Basin acres excluded in Vital Point Energy deal.(HartEnergy)

  • Viaro Energy acquires Shell and Exxon's southern North Sea assets.(gCaptain)

  • Crescent Energy closes SilverBow Resources deal, adding Eagle Ford scale.(HartEnergy)

  • Enterprise Products to expand Houston export terminal.(HoustonBizJournals)

IPO/Direct Listing/Issuances/Block Trades

  • TC Energy in $1 billion equity deal with Indigenous group.(NaturalGasWorld)

Debt

  • Met Group secures $1.1 billion facility for LNG imports and gas storage.(NaturalGasWorld)

SPAC

  • No deals that match this criteria.

Bankruptcy/Restructuring/Distressed

  • No deals that match this criteria.

Fundraising

  • African Oil Organisation urges members to contribute $83 million to start Africa Energy Bank.(OffshoreTechnology)

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