Investor pushes BHP Billiton to spin off U.S. oil business
Activist investor group Elliott Associates is pushing Australian mining conglomerate BHP Billiton to splinter off its U.S. oil business and list it on the New York Stock Exchange. In a letter released...
View ArticleEXCO Resources to sell off Eagle Ford assets for $300 million
EXCO Resources plans to sell off its oil and gas properties in the Eagle Ford Shale for $300 million as it ramps up drilling elsewhere. That’s less than half of the $685 million the Dallas oil producer...
View ArticleConoco to sell San Juan Basin stake for $3 billion
ConocoPhillips plans to sell its stake in the natural gas-rich San Juan Basin to Hilcorp Energy for as much as $3 billion, the company said Thursday. The Houston oil explorer said its 1.3 million acres...
View ArticleBlackstone to pipe $2 billion into West Texas midstream firm
Private equity giant Blackstone plans to snap up a midstream company in the Delaware Basin for $2 billion, it said Monday. It’s the latest in a series of corporate deals that come as companies jockey...
View Article$73 billion in mergers and acquisitions last quarter
The first quarter of 2017 set a record with $73 billion in announced U.S. oil and gas mergers and acquisitions, nearly triple the same period last year, according to a recent report from the London...
View ArticleNoble Energy sells off Marcellus gas assets for $1.2 billion
Noble Energy has struck a deal to sell off its assets in the natural gas-rich Marcellus Basin in the northeastern United States for $1.2 billion. It didn’t name the buyer in its statement on Tuesday....
View ArticleLinn Energy to sell Wyoming assets for $581 million
Linn Energy plans to sell oil and gas properties in western Wyoming for $581.5 million to Colorado producer Jonah Energy, it said Tuesday. It’s selling off assets that produced about 129 million cubic...
View ArticlePetrobras considers selling Pasadena refinery
Petroleo Brasileiro SA is looking to sell a Texas refinery and African oil fields to help slash the state-controlled producer’s debt. Rio de Janeiro-based Petrobras has approved changes to the...
View ArticleNoble Energy sells stake in Marcellus pipeline company for $765 million
Noble Energy plans to sell its stake in a company that operates pipelines in the gas-rich Marcellus Shale for $765 million in cash, the company said Thursday. The Houston oil company said it would...
View ArticleLinn Energy sells Wyoming field for $71.5 million
Linn Energy plans to sell a stake in a Wyoming oil field for $71.5 million, the latest in a string of sales it’s using to pay off its debts, the Houston oil producer said Tuesday. The sale of 5,000 net...
View Article
