General News | Deals - Acquisition, Mergers, Divestitures
Phillips 66 Makes Offer to Buy DCP Midstream for $34.75/Share
Phillips 66 has submitted a non-binding proposal to the board of directors of the general partner of DCP Midstream offering to acquire all publicly held common units of DCP Midstream in an all cash deal.
The company is offering $34.75/share for all outsanding units of DCP. Under the agreement, DCP Midstream would become an indirect subsidiary of Phillips 66.
This move is concurrent with Phillips 66’s announcement of the realignment of economic and governance interests in DCP.
DCP has assets in the following plays:
- Permian Basin
- DJ Basin
- Eagle Ford
- Anadarko Basin
- Gulf Coast
Recent Deals/Transactions
Date Annouced | Category | Headline | Buyer(s) | Seller(s) | Value ($mm) |
---|---|---|---|---|---|
02/12/2024 | E&P | Diamondback To Acquire Endeavor Energy In $26 Billion Transaction | |||
02/07/2024 | E&P | California Resources To Acquire Aera Energy For $2.1 Billion | |||
01/15/2024 | E&P | Talos Acquires QuarterNorth Energy For $1.2 Billion | |||
01/11/2024 | E&P | Chesapeake To Acquire Southwestern Energy | |||
01/11/2024 | E&P | Prairie Operating Bolt-On DJ Basin Assets From Nickel Road | |||
01/04/2024 | E&P | APA Corp to Acquire Permian Pure Player- Callon In All Stock Deal | |||
12/15/2023 | E&P | TG Natural Resources To Acquire backed-Rockcliff Energy II For $2.7 Billion | |||
12/15/2023 | E&P | Fury Resources Takes Battalion Private In Transaction Worth $450 Million : Map | |||
12/11/2023 | E&P | Oxy Acquires Midland Basin Juggernaut For $12 Billion | |||
11/21/2023 | E&P | Northern Oil Acquires Additional Permian Working Interest; Enters Utica | |||
Total |