Several Oil & Gas Deals (XOM, CHK, MRO)
While there are no major mergers being announced in the energy patch, we do have several expansion deals from energy leaders in oil and gas. ExxonMobil Corp. (NYSE: XOM) has a deal in Canada, and we have two shale investment…
ExxonMobil Corporation (NYSE: XOM) is selling oil and natural gas assets up in the Canadian oil sands to Husky Energy Inc. Terms of the deal come to roughly $860 million.
Chesapeake Energy Corp. (NYSE: CHK) is involved in a small acquisition with Australian oil and gas explorer Antares Energy Ltd. and a Texas-based partner. The group is selling some 23,180 acres in south Texas for roughly $200 million.
Marathon Oil Corporation (NYSE: MRO) is acquiring wells and property located in the Eagle Ford shale field of south Texas. The purchase is from Denali Oil & Gas that comes to about $10 million, but there are options for up to another 58,000 acres for roughly $92 million.
JON C. OGG
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Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. www.247wallst.com.
