By November 9, 2018 0 Comments Read More →

The shale deals just keep coming

Denbury Resources buys Penn Virginia for $1.7 billion.

Chespaeake Energy follows suit, gobbling up another Eagle Ford shale player, WildHorse Resource Development for $3 billion.

Canada’s Encana Corp. tops them both, acquiring the Newfield Exploration Co. for $5.5 billion in the beginning of November.

Those are three big deals that happened over four days recently, all targeting Houston shale exploration and production companies. And the Houston energy investment banking firm Tudor, Pickering, Holt & Co. said that’s just the “tip of the M&A iceberg.” Expect more to come in 2019.

“Buckle up as the upstream merger train has left the station, and next year will likely be a wild ride,” the firm said while unleashing a torrent of clichés.

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Posted in: LOGA News

About the Author:

The Louisiana Oil & Gas Association (known before 2006 as LIOGA) was organized in 1992 to represent the Independent and service sectors of the oil and gas industry in Louisiana; this representation includes exploration, production and oilfield services. Our primary goal is to provide our industry with a working environment that will enhance the industry. LOGA services its membership by creating incentives for Louisiana’s oil & gas industry, warding off tax increases, changing existing burdensome regulations, and educating the public and government of the importance of the oil and gas industry in the state of Louisiana.

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