S&P 500
7,226.20
+0.01%
Dow Jones
49,494.60
-0.62%
Nasdaq 100
27,685.40
+0.66%
Russell 2000
2,804.78
-0.02%
FTSE 100
10,364.50
0.00%
Nikkei 225
59,260.50
-0.78%

Energy

Several Oil & Gas Deals (XOM, CHK, MRO)

Photo of Jon C. Ogg
By Jon C. Ogg Updated Published
Follow 24/7 Wall St. on Google
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

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 moves by Chesapeake Energy Corporation (NYSE: CHK) and Marathon Oil Corporation (NYSE: MRO).

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

Photo of Jon C. Ogg
About the Author Jon C. Ogg →

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. a673b.bigscoots-temp.com.

Continue Reading

Douglas A. McIntyre |

A Flood Of Energy M&A: Schlumberger Buys Smith For $11 Billon

The acquisition by Schlumberger Ltd. (SLB) of competitor Smith International Inc. (SII) for $11 billion could be another sign that…
Jon C. Ogg |

Sanchez Energy IPO Filing, An Eagle Ford Shale Winner (SEN, CHK, ECA, MRO)

A new initial public offering being filed by a Houston-based company called Sanchez Energy Corporation may not garner much interest…
Paul Ausick |

Chesapeake Sells Utica Shale Stake to Total (CHK, TOT, BP, PXP, SD, CRZO)

In yet another of the deals that shakes up the landscape of US shale gas production, Chesapeake Energy Corp. (NYSE:…
Jon C. Ogg |

The Great Energy Spin-Off Pipeline (MRO, MPC, TSO, TLLP, COP, BP, CHK, EP, XOM, CVX)

So far this year we’ve noted a couple of major spin-offs in the energy section. Marathon Oil Corp. (NYSE: MRO)…
“Drill, Baby, Drill!” Stocks to Watch
John Seetoo |

“Drill, Baby, Drill!” Stocks to Watch

When asked about what he plans to do when he takes office, President Trump’s two priorities were to close the…
Douglas A. McIntyre |

Cramer’s Energy Shortage Stock Picks for 2010 (APC, CHK, XOM, XTO, DVN, SWN, APA, CLR, RRC, LINE, CVX, MRO, WPRT, CLNE)

Jim Cramer came out on CNBC’s MAD MONEY this evening with an interesting grouping of stock trends to invest in…
Paul Ausick |

Chesapeake Looking to China Buyer (CHK, SNP, CEO, DVN)

An asset sale to a Chinese buyer would not be a first for Chesapeake Energy Co. (NYSE: CHK), but if…
Paul Ausick |

Chesapeake Dumps More Assets (CHK, RDS-B, CVX, UNG)

courtesy Chesapeake Energy Corp.Continuing the process of dumping properties in order to raise cash to pay down debt it incurred…
5 Blue Chip Dividend Oil Stocks Could Be Acquired Next If Huge Oil Mergers Happen
Lee Jackson |

5 Blue Chip Dividend Oil Stocks Could Be Acquired Next If Huge Oil Mergers Happen

Last fall, Exxon Mobil Corporation (NYSE: XOM | XOM Price Prediction) made a monumental move, announcing its acquisition of oil…

Top Gaining Stocks

Cboe Global Markets
CBOE • Vol: 1,568,143
New Pluto Global
PSKY • Vol: 12,285,993
Seagate Technology
STX • Vol: 7,378,346
Oracle
ORCL • Vol: 26,317,675
Datadog
DDOG • Vol: 6,247,779

Top Losing Stocks

LKQ
LKQ • Vol: 4,367,433
Clorox
CLX • Vol: 13,260,523
Stryker
SYK • Vol: 4,519,455
Mohawk Industries
MHK • Vol: 1,859,865
Amgen
AMGN • Vol: 3,818,618