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M2 EQUITYBITES-May 30, 2024-ConocoPhillips to Acquire Marathon Oil in USD 22.5bn Transaction (C)2024 M2 COMMUNICATIONS http://www.m2.co.uk US-based exploration and production company ConocoPhillips (NYSE: COP) has agreed to acquire US-based independent [...]

M2 EQUITYBITES-May 29, 2024-ConocoPhillips agrees to acquire Marathon Oil in USD22.5bn all-stock deal (C)2024 M2 COMMUNICATIONS http://www.m2.co.uk Exploration and production companies ConocoPhillips (NYSE: COP) and Marathon Oil Corporation (NYSE: MRO) [...]

M2 EQUITYBITES-October 10, 2023-ConocoPhillips Acquires Remaining 50% Stake in Surmont from TotalEnergies (C)2023 M2 COMMUNICATIONS http://www.m2.co.uk Houston-based exploration and production company ConocoPhillips (NYSE: COP) has purchased the remaining 50% interest [...]

M2 EQUITYBITES-May 30, 2023-ConocoPhillips exercises preemption right ro acquire TotalEnergies' 50% stake in Surmont Oil Sands asset (C)2023 M2 COMMUNICATIONS http://www.m2.co.uk Multi-energy company TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) reported on Tuesday [...]

Byline: Journal Record Staff HOUSTON (JR) Houston-based Maverick Natural Resources has acquired producing properties in the Permian Basin from ConocoPhillips for a purchase price of approximately $440 million, the company [...]

Maverick Natural Resources agreed to acquire certain Permian basin producing properties from ConocoPhillips Co for $440 M. The assets to be acquired produced over 11,000 boe/d (50% oil) from the Central Basin Platform and Northwest Shelf of the Permian basin during Sep 2021. The 144,500 net-acre position spans Andrews and Ector counties in Texas and Eddy and Lea counties in New Mexico and is largely operated and held by production. The deal-approved by Maverick's board of directors and majority equity owner EIG Global Energy Partners-will be funded by a fully committed $500 M reserve-based loan provided by JPMorgan Chase Bank NA, Royal Bank of Canada, Citizens Bank NA, KeyBank National Association, and KeyBanc Capital Markets Inc. Pro forma for the acquisition, Maverick's production exceeded 78,000 boe/d in Sep 2021, said Chris Heinson, chief executive officer. Subject to customary closing conditions and funding, the deal is expected to close in 2Q 2022. Original source: PennWell Corporation, website: http://www.ogj.com/index.html, Copyright Pennwell Corporation 2022., investment; mergers and acquisitions; crude oil; Citizens Bank; ConocoPhillips; EIG Global Energy Partners; JPMorgan Chase Bank; KeyBanc Capital Markets; KeyBank National Association; Maverick Natural Resources; Royal Bank of [...]

While some of the largest oil & gas producers have lowered their emissions in line with sustainability goals, GlobalData notes that a large portion of those reductions come from divestments. The leading data and analytics company forecasts global production will increase by 8% by 2026, and says that more needs to be done to ensure methane emissions do not rise with it. GlobalData's latest report, 'Methane: The Low-Hanging Fruit of Emissions Reduction', reveals that Hilcorp Energy has been the largest methane (CH4) emitter among upstream operators for the third year in a row, with reported CH4 emissions at 3.4 M tonne-CO2e in 2020, and has the highest emission intensity among top emitters, at 11 M tonnes-CO2e/barrel of oil equivalent per day (boed). Meanwhile, Energy Transfer, a midstream company, is the largest emitter overall with 6.1 M tonne-CO2e. Hilcorp's emission intensity tripled in 2017, the same year a large number of wells were acquired from ConocoPhillips. Meanwhile, ConocoPhillips' emission intensity decreased 50% that year. Other companies have shared similar strategies that rapidly reduce their own emissions without greatly affecting the net total. However, many of the same companies do have plans in place to make real emissions reductions using technological improvements. The US is the second-largest methane emitter from oil & gas operations, at 12.3 M tonnes, under Russia, at 12.9 M tonnes. Studies have suggested that the scope of the methane problem is larger than government reports have led people to believe due to the limitations of current measurement techniques. In the US, an estimated 21% of oil & gas methane emissions could have been abated at zero net cost or net profit in 2020. The emission abatement measures mainly include methods of capturing gas that would otherwise be vented to the atmosphere, and replacing gas-powered pneumatic devices with electric ones. The gas saved can then be used or sold, reducing costs or bringing revenue. The sector activities responsible for most of the emissions are oil & gas production, gathering & boosting, and natural gas distribution. Much of it originates from gas venting from various equipment types, and equipment leaks. With the recent announcement of the Global Methane Pledge at COP26, the US Environmental Protection Agency (EPA) released proposed rules to regulate methane from existing sources for the first time. The regulation includes monitoring and fixing of leaks, especially where large leaks are likely, as well as regulations and emission limits on specific equipment. The regulation is expected to reduce methane emissions by 74% from 2005 levels by 2030. If approved, it would take effect in 2023. Two bar graphs show the top CH4 emitters for upstream and mistream activities. Original source: Global Data, website: http://www.energy.globaldata.com, Copyright Global Data 2021., waste emissions and pollution; carbon dioxide; crude oil; methane; natural gas; ConocoPhillips; Energy Transfer; [...]

ConocoPhillips announced on 1 Dec 2021 that it has completed its acquisition of Shell Enterprises LLC's prolific Delaware basin position for $9.5 bn in cash. After customary closing adjustments, cash paid for the acquisition is approximately $8.6 bn, with an effective date of 1 Jul 2021. The assets include approximately 225,000 net acres and producing properties located entirely in Texas, US, as well as over 600 miles of operated crude, gas and water pipelines and infrastructure. Estimated 2022 production from these assets is expected to be approximately 200 MBOED, roughly half of which is operated. Original source: ConocoPhillips, website: http://www.conocophillips.com/, Copyright ConocoPhillips Company 2021., distribution; mergers and acquisitions; production level; crude oil; natural gas; water; ConocoPhillips; Shell [...]

ConocoPhillips has agreed to acquire the Permian business of Shell Enterprises LLC, a subsidiary of Royal Dutch Shell PLC, for $9.5 bn in cash. The transaction will transfer all of Shell's interest in the Permian to ConocoPhillips, subject to regulatory approvals, Shell said in a release 20 Sep 2021. Shell's Permian business includes ownership in about 225,000 net acres with current production of around 175,000 boe/d with producing properties entirely in Texas, US, as well as over 600 miles of operated crude, gas, and water pipelines and infrastructure. Estimated 2022 production from the assets is expected to be 200,000 boe/d, roughly half of which is operated, ConocoPhillips said in a separate release. In conjunction with the deal, ConocoPhillips said it plans to increase its targeted level of dispositions to $4-5 bn by 2023 from the previously announced $2-3 bn. The incremental $2 bn of planned dispositions are expected to be sourced primarily from the Permian basin as part of the company's ongoing portfolio high-grading efforts, it said. Shell said a majority of Midland-based Permian employees and many Houston-based employees will be offered employment by ConocoPhillips. The effective date of the transaction is 1 Jul 2021, with closing expected in 4Q 2021. (Full text). Original source: PennWell Corporation, website: http://www.ogj.com/index.html, Copyright Pennwell Corporation 2021., investment; mergers and acquisitions; production level; crude oil; ConocoPhillips; Royal Dutch Shell; Shell [...]

M2 EQUITYBITES-February 18, 2022-ConocoPhillips' Australian subsidiary acquires 10% shareholding interest in APLNG (C)2022 M2 COMMUNICATIONS http://www.m2.com E&P oil company ConocoPhillips (NYSE: COP) said on Thursday that its Australian subsidiary has [...]

M2 EQUITYBITES-January 31, 2022-Maverick Natural Resources Acquires Permian Basin Properties for USD 440m (C)2022 M2 COMMUNICATIONS http://www.m2.com Texas-based oil and gas company Maverick Natural Resources has agreed to acquire certain [...]

M2 EQUITYBITES-December 3, 2021-ConocoPhillips Closes USD 9.5bn Permian Asset Acquisition (C)2021 M2 COMMUNICATIONS http://www.m2.com US-based oil and gas company ConocoPhillips (NYSE: COP) has completed its acquisition of Shell Enterprises LLC's [...]

NEW YORK, Nov 06, 2020 (GLOBE NEWSWIRE via COMTEX) -- Halper Sadeh LLP, a global investor rights law firm, announces it is investigating: Concho Resources Inc. (NYSE: CXO) concerning potential [...]

NEW YORK -- Halper Sadeh LLP, a global investor rights law firm, is investigating whether the sale of Concho Resources Inc. (NYSE: CXO) to ConocoPhillips is fair to Concho shareholders. [...]

Byline: Joseph Woelfel To access, purchase, authenticate, or subscribe to the full-text of this article, please visit this link: https://www.thestreet.com/investing/conocophillips-cop-concho-resources-cxo-stock-merger ConocoPhillips (COP) reached an agreement to acquire rival Concho Resources [...]

Byline: Bret Kenwell To access, purchase, authenticate, or subscribe to the full-text of this article, please visit this link: https://www.thestreet.com/investing/conocophillips-cop-stock-concho-resources-cxo-acquisition-trade ConocoPhillips (COP) shares were rising slightly to start the week, [...]

HOUSTON, Dec 12, 2019 (GLOBE NEWSWIRE via COMTEX) -- W&T Offshore, Inc. (NYSE: WTI) ('W&T' or the 'Company') announced today that it has completed an oil-weighted producing property acquisition from [...]

ConocoPhillips reported that it has completed its acquisition of Concho Resources (Concho) following approval by shareholders of both companies. 'We appreciate the strong support for this transaction from the shareholders [...]

M2 EQUITYBITES-January 18, 2021-ConocoPhillips acquires Concho Resources (C)2021 M2 COMMUNICATIONS http://www.m2.com Energy reserves company ConocoPhillips (NYSE: COP) disclosed on Friday the completion of the acquisition of Concho Resources (NYSE:CXO) following [...]

M2 EQUITYBITES-January 15, 2021-ConocoPhillips Completes Acquisition of Concho Resources (C)2021 M2 COMMUNICATIONS http://www.m2.com US-based oil and gas major ConocoPhillips (NYSE: COP) has completed its acquisition of Concho Resources (NYSE: CXO) [...]

Byline: Perry Williams Oct 17, 2019 (The Australian - ABIX via COMTEX) -- Santos's $2 billion deal to buy ConocoPhillps' assets will allow the energy company and its partners to [...]

Byline: Paul Garvey Oct 14, 2019 (The Australian - ABIX via COMTEX) -- Santos expects a $US1.39bn deal to acquire the northern Australia assets of ConocoPhillips to boost its earnings [...]

M2 EQUITYBITES-October 20, 2020-ConocoPhillips to Acquire Permian Basin Producer Concho Resources in USD 9.7bn All-Stock Deal (C)2020 M2 COMMUNICATIONS http://www.m2.com US-based oil and gas giant ConocoPhillips (NYSE: COP) Permian Basin [...]

ConocoPhillips reported that it has completed the previously announced transaction to acquire additional Montney acreage in Canada from Kelt Exploration. According to a media release, cash consideration for the transaction [...]

ConocoPhillips reported that it has completed the previously announced transaction to acquire additional Montney acreage in Canada from Kelt Exploration. According to a media release, cash consideration for the transaction [...]

M2 EQUITYBITES-August 24, 2020-ConocoPhillips closes acquisition of Montney (C)2020 M2 COMMUNICATIONS http://www.m2.com Oil & gas company ConocoPhillips (NYSE:COP) reported on Friday the completion of the acquisition of additional Montney acreage [...]

M2 EQUITYBITES-December 17, 2019-W and T Offshore Closes USD 20m Acquisition of ConocoPhillips Oil Property (C)2019 M2 COMMUNICATIONS http://www.m2.com 17 December 2019 - Texas, US-based W and T Offshore, Inc. [...]

Dickinson, ND, July 11, 2018 --(PR.com)-- Peregrine 1031 Energy Partners has agreed to acquire producing and non-producing oil and gas royalties in Dunn County, ND. The purchase features production from [...]