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Oxy soon to begin cutting jobs post-Anadarko takeover
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Anadarko Petroleum

  • Joe Barone, Shale Directories
  • Blog
  • January 10, 2020

Oxy soon to begin cutting jobs post-Anadarko takeover

Occidental Petroleum said Wednesday it would begin cutting personnel in a new cost-cutting move following its $38 billion acquisition of Anadarko Petroleum, Kallanish Energy learns.
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  • 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.
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  • 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.
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  • 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.
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  • 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.
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  • 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.
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  • 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.
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  • 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.
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  • 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.
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  • 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.”
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  • 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.
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  • 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.
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  • 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.
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  • 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.
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  • 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.
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  • 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 million in profit connected to the April 12 announcement Chevron was acquiring Anadarko Petroleum.
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  • 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.
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  • Joe Barone, Shale Directories
  • Blog
  • January 29, 2019

SandRidge names new president & CEO

Independent producer SandRidge Energy announced Monday its board has appointed Paul D. McKinney as president and CEO, effective today. McKinney succeeds the company’s interim president and CEO, William M.
Read More

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