Trend for High, Pre-emptive Bids in Energy Deals
In the current climate for energy deals the best strategy may not be to wait for an auction process to start, but rather, to bid first and bid high, Reuters reported.
View ArticleIndustry Strives for Cleaner Oil From Oil Sands
Extracting oil from oil sands is a messy business, but the industry is working on new techniques that are less destructive to forests and emit far fewer greenhouse gases.
View ArticleApache Shares Drop as Talks With BP Continue
Shares in the Apache Corporation fell nearly 4 percent on Monday as word emerged that the oil and gas company was in talks to potentially buy BP assets for at least $10 billion.
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As Gas Riches Remake Plains, Lawmaker Shares in Bounty
Representative Dan Boren of Oklahoma is a champion in Washington of an industry that is experiencing a historic boom but also increasing scrutiny.
View ArticleDealbook Online
OFFICE SUPPLIES 3M, the maker of Post-it notes and Scotch Tape, has agreed to buy the office and consumer products business of the Avery Dennison Corporation for $550 million in cash. The Avery...
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When the Stock Price Hides Trouble
Experts in corporate finance say that stock price, commonly used in setting pay, is imperfect as a gauge of managers’ ability to create value.
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Devon Said to Be Near Deal to Buy GeoSouthern for $6 Billion
The deal, if completed, comes as energy companies are seeking to shore up their positions in shale formations rich in oil.
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Devon Clinches Deal for GeoSouthern Assets
Buying GeoSouthern’s holdings in the Eagle Ford shale formation in southern Texas will bolster Devon’s position in one of the most popular fields in recent years.
View ArticleBlackstone's Version of Peak Oil
The Blackstone Group showed an uncanny knack for timing in the $6 billion sale of GeoSouthern Energy to Devon Energy.
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Energy Firms in Secretive Alliance With Attorneys General
Republican attorneys general have formed an unprecedented, secretive alliance with some of the nation’s top energy producers to push back against the Obama regulatory agenda, an investigation by The...
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