Trailstone Group’s Post

Eagle Ford gets a new king! ⚡ Crescent Energy Co. has announced the acquisition of SilverBow Resources Inc. in a $2.1 billion deal, creating the second largest operator in the Eagle Ford with approximately 250,000 boe/d of low-decline, long-life production. The merger is expected to generate annual synergies of $65-100 million through cost savings and operational efficiencies. The combined company will have a strong growth platform and a balanced portfolio, solidifying Crescent's position as a leading operator in the Eagle Ford. 🌍🔋 Read news here: https://lnkd.in/dx_uE_rf #CrescentEnergy #SilverBowResources #EagleFord #OilAndGas #EnergyMerger #Houston #EnergyIndustry #Growth #Synergies #EnergyNews #BreakingNews #CapitalEfficiency #EnergyProduction #IndustryLeaders #CorporateAcquisition

Eagle Ford gets a new king! ⚡ Crescent Energy Co. has announced the acquisition of SilverBow Resources Inc. in a $2.1 billion deal, creating the second largest operator in the Eagle Ford with approximately 250,000 boe/d of low-decline, long-life production. The merger is expected to generate annual synergies of $65-100 million through cost savings and operational efficiencies. The combined company will have a strong growth platform and a balanced portfolio, solidifying Crescent's position as a leading operator in the Eagle Ford. 🌍🔋 Read news here: https://lnkd.in/dx_uE_rf #CrescentEnergy #SilverBowResources #EagleFord #OilAndGas #EnergyMerger #Houston #EnergyIndustry #Growth #Synergies #EnergyNews #BreakingNews #CapitalEfficiency #EnergyProduction #IndustryLeaders #CorporateAcquisition

Eagle Ford gets a new king! ⚡ Crescent Energy Co. has announced the acquisition of SilverBow Resources Inc. in a $2.1 billion deal, creating the second largest operator in the Eagle Ford with approximately 250,000 boe/d of low-decline, long-life production. The merger is expected to generate annual synergies of $65-100 million through cost savings and operational efficiencies. The combined company will have a strong growth platform and a balanced portfolio, solidifying Crescent's position as a leading operator in the Eagle Ford. 🌍🔋 Read news here: https://lnkd.in/dx_uE_rf #CrescentEnergy #SilverBowResources #EagleFord #OilAndGas #EnergyMerger #Houston #EnergyIndustry #Growth #Synergies #EnergyNews #BreakingNews #CapitalEfficiency #EnergyProduction #IndustryLeaders #CorporateAcquisition

Eagle Ford gets a new king! ⚡ Crescent Energy Co. has announced the acquisition of SilverBow Resources Inc. in a $2.1 billion deal, creating the second largest operator in the Eagle Ford with approximately 250,000 boe/d of low-decline, long-life production. The merger is expected to generate annual synergies of $65-100 million through cost savings and operational efficiencies. The combined company will have a strong growth platform and a balanced portfolio, solidifying Crescent's position as a leading operator in the Eagle Ford. 🌍🔋 Read news here: https://lnkd.in/dx_uE_rf #CrescentEnergy #SilverBowResources #EagleFord #OilAndGas #EnergyMerger #Houston #EnergyIndustry #Growth #Synergies #EnergyNews #BreakingNews #CapitalEfficiency #EnergyProduction #IndustryLeaders #CorporateAcquisition

Eagle Ford gets a new king! ⚡ Crescent Energy Co. has announced the acquisition of SilverBow Resources Inc. in a $2.1 billion deal, creating the second largest operator in the Eagle Ford with approximately 250,000 boe/d of low-decline, long-life production. The merger is expected to generate annual synergies of $65-100 million through cost savings and operational efficiencies. The combined company will have a strong growth platform and a balanced portfolio, solidifying Crescent's position as a leading operator in the Eagle Ford. 🌍🔋 Read news here: https://lnkd.in/dx_uE_rf #CrescentEnergy #SilverBowResources #EagleFord #OilAndGas #EnergyMerger #Houston #EnergyIndustry #Growth #Synergies #EnergyNews #BreakingNews #CapitalEfficiency #EnergyProduction #IndustryLeaders #CorporateAcquisition

It looks like Franklin Mountain Energy is positioning itself for a significant move in the Delaware Basin. Given Paul Foster's track record and the current market interest in private E&Ps, this sale could attract considerable attention. With recent big-ticket acquisitions like Occidental's purchase of CrownRock and Diamondback's pending acquisition of Endeavor Resources, Franklin Mountain's assets are likely to be in high demand, especially considering the strategic location in Lea County, New Mexico. It will be interesting to see how this unfolds and which companies emerge as potential buyers. https://lnkd.in/d4X2Qfag

Crescent Energy Company has agreed to acquire SilverBow Resources in an all-stock transaction valued at $2.1 billion. The deal will create the second-largest operator in the Eagle Ford shale play, combining Crescent and SilverBow's complementary high-quality assets into a scaled, balanced portfolio projected to generate substantial free cash flow. SilverBow shareholders will receive 3.125 Crescent shares for each SilverBow share owned, with an option for some cash consideration. The combined company is expected to realize $65-$100 million in annual synergies and be well-positioned for further growth through disciplined, accretive M&A. SilverBow Resources & Crescent Energy

Woodside Energy has entered into a definitive agreement to #acquire all issued and outstanding common stock of Tellurian Inc. (NYSE: TELL) including its owned and operated US Gulf Coast Driftwood LNG development opportunity (“Driftwood LNG”). The consideration for the transaction is an all-cash payment of approximately $900 million, or $1.00 per share of outstanding Tellurian common stock. The implied enterprise value is approximately $1,200 million.1 This represents an attractive entry into an opportunity with more than $1 billion of #expenditure incurred to date. Woodside CEO Meg O’Neill said, “The acquisition of Tellurian and its Driftwood LNG development opportunity positions Woodside to be a global LNG powerhouse, It adds a scalable US LNG #development opportunity to our existing approximately 10 Mtpa of equity LNG in #Australia. Having a complementary US position would allow us to better serve customers globally and capture further marketing optimisation opportunities across both the #Atlantic #Pacific Basins. To share your startup story write us on - contact@startuprise.io #Woodsideenergy #Patnership #DriftwoodLNG #Tellurian #news #startup

🚀 **Big Moves in the Energy Sector!** 🚀 Crescent Energy just made headlines with its $2.1 billion acquisition of SilverBow Resources, creating a powerhouse in the Eagle Ford! 🛢️💥 Crescent CEO David Rockecharlie said, "This combo with SilverBow, expected to boost all key metrics, solidifies us as a leading Eagle Ford operator." 🌟 What does this mean?  - 🌍 Crescent becomes the second-largest operator in the Eagle Ford. - 💸 Focus on free cash flow and disciplined capital allocation. - 💪 Significant cost savings and efficiencies, with estimated annual synergies of $65-$100 million. - 📈 A balanced portfolio with high-quality, long-life assets, geared for sustainable growth. SilverBow shareholders will get 3.125 shares of Crescent Class A stock per SilverBow share or can opt for cash at $38 per share (up to $400 million). 💰 John Goff, Crescent's Chairman, said, "This is a compelling transaction for both companies' shareholders, positioning Crescent as a leading growth business." 🏆 Sean Woolverton, SilverBow's CEO, added, "This marks an exciting chapter for SilverBow, offering our shareholders an attractive premium and significant value creation." 🚀 The deal has unanimous board approval and is expected to close by the end of Q3 2024. Crescent’s board will expand to include two SilverBow directors, with John Goff as Non-Executive Chairman and David Rockecharlie as CEO. The HQ stays in Houston. 🌆 Exciting times ahead! 🎉 #Energy #Acquisition #EagleFord #CrescentEnergy #SilverBowResources #OilAndGas #Innovation #Growth

The Federal Energy Regulatory Commission (FERC) recently rejected a $1.1 billion merger between Bridgepoint Group and ECP (Energy Capital Partners) (ECP) over concerns that the deal might negatively impact competition in the energy market. ECP, recognized as one of the largest private owners of power assets in North America, is planning to refile the application with FERC, providing additional details to address the commission's concerns. The initial objection was primarily due to an affiliate relationship created by Blue Owl Capital's approximately 15% stake in Bridgepoint, which breached FERC's regulations on affiliate relationships affecting competition. Public Citizen, a consumer advocacy group, played a role in highlighting issues regarding the transparency of the deal's impact on competition. Bridgepoint and ECP's attempt to form a significant private equity partnership in the energy sector has been put on hold, demonstrating the regulatory challenges and scrutiny such large-scale mergers face. This decision underscores the importance of comprehensive disclosure and regulatory compliance in merger and acquisition activities within the energy sector. Bridgepoint remains optimistic about closing the deal in the second quarter of this year, pending a successful refiling and approval by FERC. The case highlights the balance between fostering investment in the energy sector and ensuring competitive market conditions are maintained. https://lnkd.in/gvdvMcwt