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April 2020 Update : Acquisition, Divestiture and Mergers Update

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April 2020 Update :  Acquisition, Divestiture and Mergers Update

As a result in of the dramatic fall in prices we are seeing deals get re-negotiated.


Latest Deal Changes

Below is the latest deals that have seen changes or cancellations:

Amended: Devon Energy amended its agreement with Banpu Kalnin Ventures for its Barnett Shale asset.  The original price was $770 cash, and has since been revised to $570 million cash (plus contingent payment).
Terminated: A PE-backed E&P said it is suing Continental Resources for breach of contract.  The company said it signed a PSA (purchase and sale agreement) with Continental Resources in early March for $200 million.  However, Continental recently notified the company it is terminating the PSA.
Amended: Mach Resources & Bayou City renegotiated their contact with Alta Mesa after initially agreeing to acquire…
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