Tag Archives: acquisition

Plains All American Pipeline acquires Williston Basin crude oil terminal under construction

Plains All American Pipeline, L.P. (NYSE: PAA) today announced Friday it has acquired Legion Terminals, LLC, which owns a crude oil terminal under construction in Johnson’s Corner, McKenzie County, N.D. The terminal, which is expected to be in service in Q3 2015, is strategically positioned to serve as a crude…

Kinder Morgan to acquire premier midstream position in Bakken

Kinder Morgan, Inc. (NYSE: KMI) today announced a definitive agreement whereby KMI will acquire Hiland Partners (Hiland) from its founder, Harold Hamm, and certain Hamm family trusts, for a total purchase price of approximately $3 billion, including the assumption of debt. Hiland’s assets, which are mostly fee based, consist of crude…

Whiting Petroleum Corporation to acquire Kodiak Oil & Gas Corp. in all-stock transaction valued at $6 billion

Creates the number-one Bakken/Three Forks producer Whiting Petroleum Corporation (NYSE: WLL) and Kodiak Oil & Gas Corp. (NYSE: KOG) announced yesterday a definitive agreement pursuant to which Whiting will acquire Kodiak in an all-stock transaction valued at $6.0 billion, based on the closing price of Whiting on July 11, 2014,…

OriginOil to pursue growth through acquisitions of service companies in oil and gas industry

OriginOil Inc. (OTC/QB: OOIL), developer of Electro Water Separation™ (EWS), the high-speed, chemical-free process to clean up large quantities of water announced today that it intends to pursue growth through acquisition of one or more service companies with proven ability to treat frac flowback and produced water in the oil and…

Whiting Petroleum Corp. completes Williston Basin acquisition

Whiting Petroleum Corporation (NYSE: WLL) announced last Friday the closing of the previously announced $260 million acquisition from a private party of certain producing oil and gas wells and development acreage in the Williston Basin. The purchase price is subject to customary post-effective date closing adjustments for revenues and expenses. by

Kodiak Oil & Gas Corp. Completes Williston Basin Acquisition; Announces Expanded Credit Facility

Kodiak Oil & Gas Corp. (NYSE: KOG), an oil and gas exploration and production company with primary assets in the Williston Basin of North Dakota, today announces the closing of the previously announced acquisition of core Bakken and Three Forks producing properties and undeveloped leasehold in the Williston Basin from…