M&A

Canada, U.S. M&A Pumps Up E&P First Quarter Activity

Canadian Natural Resources Ltd.'s $2.8 billion purchase of Devon Energy Corp.'s conventional natural gas and oil assets in Canada in the first quarter was the largest exploration and production (E&P) acquisition in North America and the second largest worldwide, according to Evaluate Energy. Read More

Apache Sells Deep Basin Package for $375M

Houston's Apache Corp. is casting off more assets, the latest a $374 million deal for a package of primarily dry natural gas properties in the Deep Basin of Canada. Read More

JPMorgan Selling Physical Commodities Business to Mercuria for $3.5B

Following through on a promise it made last year, JPMorgan Chase & Co. said Wednesday it will sell its physical commodities business to Mercuria Energy Group Ltd. in a $3.5 billion all-cash transaction. The deal is expected to close in the third quarter, subject to regulatory approvals. Read More

Shareholders Preparing to Battle Again in North America Energy Sector

The North American energy sector -- from exploration and production (E&P), oilfield services and midstream -- still has a big target on its back again this year among activists that want to force changes, according to Moody's Investors Service. Read More

Energy XXI Securing Position as Big-Time OCS Operator

Gulf of Mexico (GOM) player Energy XXI, which has made a name for itself through production expertise and horizontal drilling finesse... Read More

Tenaska Picking Up Gavilon Gas Marketing

Gavilon LLC and Tenaska Marketing Ventures, jointly are seeking waivers from FERC to allow completion of a deal selling Gavilon's wholesale gas marketing business, including transportation and storage contracts, to Tenaska. Read More

Chesapeake Tees Up $1B More Asset Sales, Focuses on Fixing Balance Sheet

Chesapeake Energy Corp. won't be satisfied until it reclaims a top-tier exploration and production (E&P) position... Read More

Devon Makes 'Clean Exit' from Canada Conventionals in $2.8B Sale

Devon Energy Corp. has reached an agreement to sell most of its Canadian conventional portfolio, with proved reserves of about 170 million boe... Read More

Industry Brief

U.S. Midstream Buildout Driving MLP Offerings

Domestic merger and acquisition activity across the energy sector last year may have been off from 2012, but offerings for master limited partnerships (MLP) were a standout, as operators looked for investments to buildout onshore infrastructure, according to PwC. Read More