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Marathon to trade economic interests in MPLX; Oasis to buy Permian Basin acreage

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Next in Tech | Episode 49: Carbon reduction in cloud

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Using ESG Analysis to Support a Sustainable Future

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US utility commissioners: Who they are and how they impact regulation

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Q&A: Datacenters: Energy Hogs or Sustainability Helpers?


Marathon to trade economic interests in MPLX; Oasis to buy Permian Basin acreage

Natural gas/Oil M&A

Marathon in $10B play to exchange general partner economic interests in MPLX

Marathon Petroleum Corp. agreed to exchange its general partner economic interests in MPLX LP for about $10.1 billion worth of newly issued MPLX common units, a move that will simplify the corporate structure and provide a "clear valuation" for its general partner economic interests in the partnership.

SandRidge defends 'poison pill' measure, allows Icahn access to some documents

In response to activist investor Carl Icahn, SandRidge Energy Inc. defended its adoption of a stockholder-rights agreement that he termed a "poison pill," saying it is not intended to hinder takeover bids or opposition to its proposed merger with Bonanza Creek Energy Inc.

Exxon closes deal to buy Mozambique gas reserves for LNG project

Exxon Mobil Corp. closed on a deal to buy a 25% stake in natural gas reserves in Mozambique from Italian energy company Eni SpA, bringing the Texas-based major one step closer to exporting LNG from the gas-rich Area 4 deepwater block.

Oasis Petroleum boasts of $946M entry to Permian Basin, but investors flee

Executives at the Williston Basin driller Oasis Petroleum Inc. boasted of their large new acquisition in "core of the core" Permian Basin acreage, but the $946 million shift south did not play well with analysts or investors.

Noble Midstream forms joint venture to buy DJ Basin gathering system

Noble Midstream Partners LP and Greenfield Midstream LLC formed Black Diamond Gathering LLC, a joint venture that is set to acquire Saddle Butte Rockies Midstream LLC and its affiliates for $625 million.

EP Energy to acquire Eagle Ford producing assets, divest Uinta Basin acreage

EP Energy Corp. agreed to acquire producing assets and undeveloped acreage from existing operating areas in the Eagle Ford from Carrizo Oil & Gas Inc. for $245 million.

With CNX buying out CONE Gathering stake, Noble ends deal with Quantum company

Noble Energy Inc. terminated its purchase agreement with the Quantum Energy Ltd. portfolio company Wheeling Creek Midstream LLC, following Noble's deal to sell its 50% membership stake in CONE Gathering LLC to CNX Resources Corp. for $305 million.

Analysts deem Contura's sale of western assets as 'positive harbinger' for 2018

Pushing back on a bearish reaction to the sale of Contura Energy Inc.'s Powder River Basin assets to Blackjewel, analysts at B. Riley FBR Inc. said it could be "positive harbinger" for 2018.

Fund backed by Thai energy company to buy Marcellus production assets for $105M

Kalnin Ventures LLC struck a purchase and sale agreement for assets in the northeast Marcellus Shale through its BKV Oil and Gas Capital Partners LP fund, a deal valued at $105 million.

Eclipse likes geological similarities to Ohio Utica in its $93.7M Pa. pickup

Eclipse Resources Corp.'s $93.7 million planned acquisition of acreage in the Utica Shale could provide the company its best returns yet. Eclipse said the deal should close in the first quarter of 2018.