By: Rocky Teodoro – RigZone – Magnolia Oil & Gas Corp. has entered into a definitive agreement to acquire certain oil- and...
By: Clyde Russell – Reuters – The liquefied natural gas (LNG) industry has changed its tune from saying it is a transition fuel...
(Bloomberg) — The Biden administration is taking steps to thwart oil development in remote reaches of Alaska by canceling leases to drill...
SAN JUAN, Puerto Rico (AP) — Hurricane Lee whirled through open waters on Thursday as forecasters warned it could become the first...
By: CNBC – UAE oil giant ADNOC — run by the president of the COP28 climate conference — is expected to spend...
By Salman Ghouri and Farris Ahmad|OilPrice.com, via Yahoo News|The oil industry is quite familiar with the concept of a “Peak Oil Supply,”...
BILLINGS, Mont. (AP) — A Louisiana company will receive $2.6 million to relinquish the last remaining oil and gas lease on U.S. forest...
Warren Buffett was born in Omaha in 1930. He developed an interest in the business world and investing at an early age,...
Saudi Arabia is considering an offering of additional Saudi Aramco shares of stock that could shatter records, the Wall Street Journal reported. A...
Story By Emily Foxhall | After months of unrelenting heat during a particularly sweltering summer, the Texas power grid’s ability to meet...
E&P EQT Corp. and Equitrans Midstream Corp. have entered into a definitive merger agreement reuniting the two companies in an all-stock deal worth roughly $5.45 billion, according to a March 11 press release.
The companies said the deal creates the U.S.’ only large-scale, vertically integrated natural gas company prepared to “compete on the global stage,” according to EQT — an echo of the rationale Chesapeake Energy cited in its $7.4 billion merger announcement in January with Southwestern Energy.
Under the terms of the merger agreement, each outstanding share of Equitrans common stock will be exchanged for 0.3504 shares of EQT common stock, representing an implied value of $12.50 per Equitrans share brd on the volume weighted average price of EQT common stock for the 30 days ending on March 8. The transaction suggests a 12% premium over Equitrans’ March 8 closing price of $11.16.
After the deal, EQT shareholders would own 74% of the combined company and Equitrans shareholders the remaining 26%.
EQT said that when complete, the combined company’s enterprise value would exceed $35 billion and add more than 2,000 miles of critical pipeline infrastructure with “extensive overlap with EQT's core upstream operations and existing midstream assets.”
Harold Hamm, the founder of Oklahoma based Continental Resources and a major figure in...
Reporting By Laila Kearney (Reuters) | MARA Holdings Inc. (MARA.O), the world’s largest publicly...
by Bloomberg | Devika Krishna Kumar and Christopher Charleston | Oil held steady after...
Owning mineral rights can be both a rewarding and challenging experience, especially if you...
By Tsvetana Paraskova for Oilprice.com | Russian oil companies and officials have discussed the...
BP has officially abandoned its 2030 target to significantly cut oil and gas production,...
By Bloomberg| Anthony Di Paola & Sherry Su | Saudi Arabia raised its main...
U.S. energy firms have reduced the number of oil and natural gas rigs for...
Story By By David Wethe (Bloomberg) — Oilfield-service costs for US horizontal shale drilling are...
Brent crude prices have climbed 8.5% so far this week on concerns over conflicts...
According to a press release on October 2nd, Texas Pacific Land Corporation (TPL) has...
Story by Tsvetana Paraskova for Oilprice.com: The slump in U.S. natural gas prices in...
Have your oil & gas questions answered by industry experts.