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With US oil and gas giant ConocoPhillips' $17.1 billion all-stock acquisition of Marathon Oil, the energy landscape in North America is changing. With the merged company boasting enormous reserves throughout the world and a firmly established foothold in significant US shale plays like those in Texas and North Dakota, this move enhances ConocoPhillips' position in the market. ConocoPhillips benefits strategically from the deal. It gives them access to Marathon Oil's global resources and broadens their reach in profitable domestic shale basins. By lowering reliance on particular areas, this diversity may help to manage risk and create new growth prospects for the global energy sector. Notwithstanding recent volatility in energy prices, the oil and gas industry continues to enjoy the trust of investors, as evidenced by the $17.1 billion price tag. This transaction indicates a view that the robust demand for oil and gas will last for some time, as it fits in with a broader trend of consolidation within the US oil and gas business. But there are still unknowns. The seamless integration of the two businesses' capabilities and the achievement of operational efficiencies are critical to the merger's success. This entails utilizing knowledge throughout the merged organization, efficiently allocating resources, and streamlining procedures. Future prospects for the oil and gas industry are dependent on outside variables that are out of ConocoPhillips' and Marathon Oil's control. These include changes in global energy policy that might favor cleaner energy sources and the rate at which renewable energy technologies are developing. These elements may have an effect on the demand for gas and oil in the future. All things considered, the ConocoPhillips-Marathon Oil transaction represents a major consolidation in the oil industry in North America. The combined company has the potential to grow into a significant player with a well-rounded portfolio and a solid presence in important areas, but the long-term effects are still unknown. The merger's eventual success will be largely dependent on how well it integrates and navigates the dynamic global energy market.

US gas-producing assets continue to consolidate under a shrinking number of operators, raising questions about the role of smaller independents and the impact on the broader gas market. Last week, ConocoPhillips announced plans to buy Marathon Oil for $22 billion, while Hess shareholders approved Chevron’s previously agreed $60 billion acquisition of the company (although arbitration may yet derail that deal). The four firms produce a combined 4.4 billion cubic feet per day of gas in the US, roughly 4% of the Lower 48 total. The moves follow Exxon Mobil's successful completion last month of its $64.5 billion purchase of Pioneer Natural Resources, which created the US' largest oil and gas producer and put their combined 3.25 Bcf/d of domestic gas output under a single umbrella. To be sure, these deals were made with oil in mind — and not just US oil, as in the case with Chevron-Hess. But the ongoing consolidation among these and other oil-weighted heavyweights has the knock-on effect of bringing substantial volumes of associated US gas under the wings of fewer players... Learn more >> https://bit.ly/4c210w8 #MandA #corporatestrategy #naturalgas #natgas #associatedgas #shalegas #usshale

Watch out for some very intresting updates from the US Oil and Gas Market. #EnergyNews #Acquisition #ConocoPhillips #MarathonOil #OilIndustry #EnergySector #BusinessNews #CorporateMerger #MarketTrends #EnergyMarket #OilAndGas #Investment #EconomicImpact #EnergyEconomics #OilMarket #CorporateStrategy #BusinessGrowth #EnergyUpdates #IndustryInsights #EnergyTransition #OilProduction #PetroleumIndustry #FossilFuels #EnergyBusiness #OilAcquisition

Exciting News! 🌍 ConocoPhillips and Marathon Oil are making waves with a major acquisition deal. 🌟 Discover the details and implications for the energy sector with Indu Tyagi Ketan 🚀 #EnergyNews #Acquisition #ConocoPhillips #MarathonOil #OilIndustry #EnergySector #BusinessNews #CorporateMerger #MarketTrends #EnergyMarket #OilAndGas #Investment #EconomicImpact #EnergyEconomics #OilMarket #CorporateStrategy #BusinessGrowth #EnergyUpdates #IndustryInsights #EnergyTransition #OilProduction #PetroleumIndustry #FossilFuels #EnergyBusiness #OilAcquisition

Good to see further deals in the UKCS. We need our UKCS as it supports the energy transition as is key to unlock the future energy market

ExxonMobil and Chevron raked in huge profits in 2023, recording $36 billion and $21.37 billion, respectively. However, these multi-billion-dollar profits are still significantly lower than all-time high ones of $55.7 billion and $35.5 billion in 2022. The drop in the #energy giants’ combined profits from $91.2 billion in 2022 to $57.37 billion in 2023 is a by-product of the global downturn in #oil and #gas prices. The series of new acquisition moves the duo made in 2023 lend weight to the U.S. players’ plans to up the production ante in a bid to meet the rise in future energy demand. Darren Woods, ExxonMobil’s CEO, highlighted: “Our consistent strategy and execution excellence across the business delivered industry-leading earnings and enabled us to return more cash to shareholders than our peers in 2023. These results demonstrate the fundamental improvements we’ve made to our business, reflecting our progress in high-grading our portfolio through investments in advantaged projects and select divestments, while, at the same time, driving a higher level of efficiency and effectiveness throughout the business.” #oilgas #offshoreenergy #oilandgasnews #decarbonization #oilandgas #energytransition #lowcarbon #Americanenergy #USA

Record setting QTR for M&A in the oil patch. Top energy companies increasing consolidation with a focus on lower costs and enhancing economies of scale. #AmericanEnergy #oil&gas #energyindependence

In a significant move that could reshape the landscape of the energy industry, ConocoPhillips announced its acquisition of Marathon Oil for a staggering $22.5 billion. This landmark deal, expected to close by the end of 2024, is poised to create a powerhouse in the oil and gas sector, combining the strengths and assets of two major players. https://lnkd.in/gnQ5Yrc3

Crescent Energy Building Eagle Ford Natural Gas, Oil Portfolio in Friendly Merger with SilverBow https://ift.tt/bWdEheq Houston-based Crescent Energy Co. has agreed to tie-up with cross-town rival SilverBow Resources Inc. to create one of the largest exploration and production companies in the Eagle Ford Shale of Texas, loaded with natural gas, liquids and oil opportunities. The estimated $2.1 billion transaction, announced Thursday, comes about a month after activist investor Kimmeridge Energy Management Co. LLC withdrew its contested takeover of SilverBow. The combination among like-minded explorers would elevate Crescent to the top tier of Eagle Ford producers, second only to EOG Resources Inc. Pro forma output for 2024 is estimated at roughly 250,000 boe/d, weighted 44% to natural gas, 39% to oil and 17% to natural gas liquids. [Forward Look: Quickly understand where the price of natural gas is headed with these graphic day-on-day comparisons of NGI’s forward curves at 70 locations. View Now.] “We’re both oil-weighted in terms of the drilling we’re doing today and the future opportunity, but we love adding even more high quality, gas-weighted locations to be opportunistic from a capital allocation perspective,” Crescent CEO David Rockecharlie said.  SilverBow earlier this year reduced its natural gas output in the Eagle Ford in response to low commodity prices. However, optionality is key, Rockecharlie said. SilverBow’s portfolio “stacks up really well with ours, which means we would drill their high quality inventory…and we think we’ve got lots more of it than we had prior to this transaction.” Commodity Price ‘Optionality’ The new inventory “also adds significant optionality to commodity prices, with a valuable mix of both gas- and oil-weighted locations, allowing advantage to capital allocation flexibility through the commodity cycles,” the CEO said. Will Crescent’s natural gas marketing position be affected by the transaction? And could gas drilling ramp up if prices were to improve? “It’s all about value with us and, and I think we’ve got a great inventory of locations that are proven,” Rockecharlie said. “We know what we’re going to get and…we don’t make quick moves up when prices get better… “Fundamentally, the Crescent approach is, when prices are going up, that creates a lot more free cash flow, and that should be for the benefit of the shareholders. So we wouldn’t be adding rigs, but we move the allocation of capital around to the highest areas of return, so we love the optionality” that SilverBow’s assets have.  Rockecharlie said, “we try to make sure we get control of our capital. We don’t go out and chase lease expiration, we don’t do exploration, per se…We don’t want to take on assets that have significant challenges getting product to market.” That said, “we feel great getting invested in more natural gas opportunities at these prices. And I think the combined business will have a better marketing position...

🇺🇸 ➡️ Chesapeake to become top US natural gas producer with $7.4 billion deal for Southwestern Chesapeake Energy said on Thursday it would buy smaller rival Southwestern Energy in an all-stock transaction valued at $7.4 billion, a deal that would enable the second-largest U.S. natural gas producer to take the top spot. The move extends a recent spate of multi-billion deals in the U.S. energy sector including Exxon Mobil's $60-billion Pioneer Natural Resources offer and Chevron's $53-billion agreement for Hess, as companies seek lucrative acreage to rebuild depleting assets. #LNG #USLNG #Chesapeake #SouthwesternEnergy #acquisition