- Joe Barone, Shale Directories
- Blog
- January 6, 2020
US O&G M&A poised for recovery: Enverus
A total of $96 billion of U.S. oil & gas merger and acquisition transactions took place in 2019, including $11 billion in the final three months of the year, according to data analytics firm Enverus.- Joe Barone, Shale Directories
- Blog
- January 3, 2020
Oxy strengthens board, adds former Schlumberger CEO
Occidental Petroleum added to its board of directors Thursday with the appointment of a former Schlumberger CEO, as Oxy looks to score points with its shareholders after risking its future to buy Anadarko Petroleum for $38 billion in 2019.- Joe Barone, Shale Directories
- Blog
- December 12, 2019
Ironwood Midstream closes South Texas buy
Ironwood Midstream Energy Partners II announced it’s closed on the acquisition of midstream assets located in South Texas from Twin Eagle Gardendale Pipeline LLC, a unit of Twin Eagle Holdings N.A.- Joe Barone, Shale Directories
- Blog
- November 12, 2019
Oxy looking to sell Wyoming, Colorado assets: sources
Occidental Petroleum Corp is soliciting bids for oil and gas properties in Wyoming and Colorado acquired when it purchased Anadarko Petroleum, hoping the assets will bring up to $700 million, people familiar with the matter told Reuters.- Joe Barone, Shale Directories
- Blog
- October 11, 2019
Chevron CEO touts Texas growth
Chevron’s chief executive on Wednesday touted the company’s Texas growth, from the Permian Basin to Houston refining and chemicals. Speaking at the Greater Houston Partnership’s annual “State of Energy” luncheon, Mike Wirth also urged the energy industry to take the lead on emissions reductions to help combat climate change, the Houston Chronicle reported.- Joe Barone, Shale Directories
- Blog
- August 9, 2019
Oxy sells $13B of debt to help fund Anadarko buy
Occidental Petroleum sold $13 billion of debt to help finance its acquisition of Anadarko Petroleum Corp. after receiving over $75 billion in orders for the deal at the peak, people familiar with the matter told Bloomberg.- Joe Barone, Shale Directories
- Blog
- August 8, 2019
Oxy completes $55 billion deal for Anadarko
Occidental Petroleum announced this morning the completion of its $55 billion acquisition of Anadarko Petroleum, including debt assumption, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- July 26, 2019
Icahn wins ISS support for initial step to shake up Oxy
Billionaire activist investor Carl Icahn’s effort to shake up Occidental Petroleum’s board got a boost from a prominent shareholder advisory firm Thursday, Kallanish Energy learns.- Joe Barone, Shale Directories
- Blog
- June 26, 2019
Icahn rips Oxy’s board for treating shareholders like ‘peasants’
Billionaire activist investor Carl Icahn ripped Occidental Petroleum Tuesday, criticizing the independent producer’s board, Kallanish Energy reports. He criticized corporate boards in general that treat “shareholders [as] necessary peasants who represent a necessary evil that must be tolerated, possibly patronized, but certainly ignored.”- Joe Barone, Shale Directories
- Blog
- June 3, 2019
Icahn challenges Oxy’s ‘hugely overpriced’ Anadarko deal
Billionaire activist investor Carl Icahn last week filed a lawsuit against Occidental Petroleum, looking for board seats and eventually a sale of the company, Kallanish Energy learns.- Joe Barone, Shale Directories
- Blog
- May 9, 2019
Chevron walking away from Anadarko, with $1B in its pocket
In a much expected move, oil supermajor Chevron said this morning it will not counter the higher bid made for Anadarko Petroleum by Occidental Petroleum, contrent to walk away from the deal with a $1 billion breakup fee, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- May 7, 2019
Anadarko tells Chevron it’s been replaced
Anadarko Petroleum’s board said Monday Occidental Petroleum’s buyout offer is “superior” to its purchase deal with Chevron, Kallanish Energy reports. The oil supermajor is now on the clock.- Joe Barone, Shale Directories
- Blog
- May 6, 2019
Occidental revises Anadarko bid, offers mostly cash
Occidental Petroleum, continues to tinker with its offer to buy Anadarko Petroleum, late Sunday putting a revised bid in front of the independent producer, offering mostly cash as it looks to wrest its prey from Chevron, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- May 1, 2019
Correction
The story in the May 1 issue of Kallanish Energy entitled “BLM releases report on 5,000-well Wyoming project,” incorrectly stated Northwood Energy is a partner in the project.- Joe Barone, Shale Directories
- Blog
- April 30, 2019
SEC alleges insider trading in Chevron-Anadarko deal
The U.S. Securities and Exchange Commission Monday announced it secured a court-ordered freezing of assets related to alleged insider trading that yielded roughly $2.5- Joe Barone, Shale Directories
- Blog
- April 25, 2019
Oxy trumps Chevron’s Anadarko bid, could ignite bidding war
Occidental Petroleum, which has been in informal discussions with Anadarko Petroleum for nearly two years, Wednesday publicly bid $76 a share for the independent producer, topping by 17% an offer by Chevron made roughly two weeks ago.- Joe Barone, Shale Directories
- Blog
- January 29, 2019