May 29 (Reuters) - The consolidation wave in the U.S. energy sector that triggered $250 billion worth of deals in 2023 has stretched into this year, as companies look for opportunities to deploy their cash hoard and boost their reserves. The majority of energy executives polled in December by the Federal Reserve Bank of Dallas expected more oil deals worth $50 billion or higher to pop up in the next two years. In 2023, some 39 private companies were acquired by public companies, Enverus data showed. Below is a list of deals in the U.S. oil and gas sector so far this year: Target Acquirer Deal value Deal type Closing (in $) date Chord 3.84 bln Cash and Mid 2024 Enerplus Corp Energy stock Diamondback 26 bln Cash and Q4, 2024 Endeavor Energy stock Energy APA Corp 4.5 bln All-stock Q2, 2024 Callon Petroleum Chesapeake 7.4 bln All-stock Q2, 2024 Southwestern Energy Energy Talos 1.29 bln Cash and End of Q1, QuarterNorth Energy stock 2024 Energy Sunoco 7.3 bln All-stock Q2, 2024 NuStar Energy California 2.1 bln All-stock Second Aera Energy Resources half, 2024 EQT Corp 5.5 bln All-stock Q4, 2024 Equitrans Midstream SLB 7.8 bln All-stock End of ChampionX 2024 Crescent 2.1 bln Cash and End of Q3, SilverBow Energy stock 2024 Resources Energy 3.25 bln Cash and Q3, 2024 WTG Midstream Transfer stock Marathon Oil ConocoPhill 22.5 bln Q4, 2024 ips All-stock (Compiled by Mrinalika Roy, Sourasis Bose, Tanay Dhumal, Vallari Srivastava and Seher Dareen in Bengaluru; Edited by Shweta Agarwal, Shounak Dasgupta, Ravi Prakash Kumar and Vijay Kishore)
S&P GSCI Petroleum Index
Index
Real-time USA 15:56:23 2024-09-17 EDT | 5-day change | 1st Jan Change | ||
255.67 PTS | +1.34% | +5.67% | -5.84% |
10:13pm | Supply Woes, Looming Fed Rate Cut Buoying Oil Prices, Rystad Energy Says | MT |
10:06pm | US Equities Markets End Mixed Tuesday as Investors Parse Macro Data, Await Fed Decision | MT |
Stocks mentioned in the article
Price
|
Change
|
5d. change
|
Capi.
| ||
---|---|---|---|---|---|
255.67 PTS | +1.34% | +5.67% | - | ||
232.11 PTS | +1.22% | +5.92% | - | ||
179.77 USD | +2.84% | +4.83% | 31.19B | ||
136.93 USD | +1.87% | +3.57% | 8.32B | ||
108.29 USD | +2.60% | +4.12% | 123B | ||
73.81 USD | +1.18% | +2.67% | - | ||
73.34 USD | +0.38% | +3.70% | 9.59B | ||
70.18 USD | -0.33% | +2.68% | - | ||
54.23 USD | -0.66% | +2.88% | 7.42B | ||
52.60 USD | +3.34% | +9.95% | 4.54B | ||
27.71 CAD | +1.13% | +3.47% | 4B | ||
27.36 USD | +2.63% | +4.35% | 14.91B | ||
25.25 USD | +3.31% | +5.87% | 9.04B | ||
16.02 USD | -0.99% | +1.20% | 55.37B | ||
11.53 USD | +2.95% | +6.86% | 2.02B | ||
10.99 USD | +2.81% | +5.98% | 1.74B | ||
6.290 USD | +0.48% | +4.31% | 6.9B | ||
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