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Tag Archives: merger

Shareholders approve acquisition between pair of Denver-based company’s

Whiting Petroleum Corp. shareholders have approved the acquisition of Kodiak Oil & Gas Corp. in an all-stock deal, according to the Denver Business Journal. The deal is valued at $6 billion. A merger between the two companies was announced back on July 13 of this year. It is expected that this merger will make Whiting Petroleum the largest crude-oil producer ...

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C&J Energy court ordered to find new offers

C&J Energy Services Inc. has started seeking alternative bids from companies that are interested in either buying the oilfield services company outright or majority stake of it.  The move comes after investors took the company to court over the Nabors Industries Ltd. merger. The Delaware Chancery Court has ordered that C&J directors who have not been tapped to serve as ...

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Kinder Morgan merger ranks as the 2nd largest energy deal in U.S. history

Thursday, Kinder Morgan approved a $44 billion acquisition that will bring four pipeline companies together under the roof of Kinder Morgan Inc. The merger begins a new era for Kinder Morgan, a Houston, Texas-based company.  The company has managed to become the largest midstream company and the third largest energy company in North America by enterprise value since it was ...

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Update: Forest Oil Corp. shareholders approve merger

On Wednesday, Denver-based Forest Oil Corp. announced the sale of its natural gas properties in the Arkoma Basin for $185 million. Today, the company held a special shareholders meeting to approve or disapprove the merger of Forset Oil with Houston-based company Sabine Oil & Gas LLC. According to the Denver Business Journal, after a vote this afternoon, the merger has ...

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Breaking: Halliburton to purchase Baker Hughes

Dow Jones reported today that Halliburton may buy Baker Hughes. The companies are two of the largest oil field service companies in the world. Prior to the announcement it has been stated that Baker Hughes is worth around $22 billion dollars. Halliburton has an estimated worth of $47 billion.  Both companies currently have declined to comment on the acquisition. If ...

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Enterprise Products and Oiltanking join forces

business deal handshake

On October 1 Enterprise Products, based out of Houston, Texas, announced it has reached a full merger agreement to take over Oiltanking Partners LP. Enterprise will be purchasing Oiltanking for an estimated $6 billion.  Earlier, Enterprise had bought controlling interest in the oil storage and terminal business for nearly $4.6 billion, which was part of the larger acquisition process.  The merger ...

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Whiting’s tab for Kodiak dips with oil prices, but risks remain

canola

Oct 16- While the recent slump in crude oil prices has fanned concern about the longevity of the U.S. shale boom, it’s created a benefit of sorts for Whiting Petroleum Corp by lowering the price the North Dakota oil producer will pay for Kodiak Oil & Gas Inc. The all-stock deal is now roughly 30 percent cheaper than when first ...

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Bakken Locator: a business directory for the Bakken

bakken locator

Lydia Gilbertson | Shale Plays Media Google+ The Bakken boom has sparked a variety of different types of businesses that aren’t directly related to the drilling process. From construction work to media development, the North Dakota economy has seen explosive growth. The web industry has begun to interact with the boom in many interesting ways. The start-up web company Bakken Locator ...

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$6 billion Whiting-Kodiak merger closer to reality

Zach Koppang | Shale Plays Media The $6 billion merger between Denver-based oil and gas companies Whiting Petroleum Corp. and Kodiak Oil and Gas Corp. has made it past another regulatory stepping block, the Denver Business Journal reports. Late Tuesday Kodiak announced that it was notified that the waiting period under the Hart-Scott-Rodino Anitrust Improvements Act had been terminated, allowing ...

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Energy investment firms to merge into Trinity River Energy in Austin

John Deede | Shale Plays Media Google+ Kohlberg Kravis Roberts & Co. and Riverstone Holdings, LLC have agreed to consolidate their oil and gas assets to form Trinity River Energy in the fall of this year. Along with various other investments, the companies have considerable combined holdings in the Barnett Shale. Nicholas Sakelaris, a writer for the Dallas Business Journal, reports: Trinity ...

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