Exploration & Production | Deals - Acquisition, Mergers, Divestitures
Repsol Picks Up an Ailing Talisman
Print
|
Talisman Energy has agreed to be purchased by Repsol for $13 Billion US, $15.5 Billion Cdn, according to a report from the Canadian press.
Talisman shares have gained 82.95% from takeover rumors in the last five days. The lower price of oil has made Talisman a cheaper buy than a year ago, its stock down 28.7% over last year.
Repsol said the purchase will increase Repsol's output 76% to 680,000 boepd, and boost reserves 55%.
Companies with high debt will likely continue to see pressure to merge as low oil prices continue.
US crude is down more than 47% over the past six months.
Assets
Marcellus Shale Asset
Eagle Ford Shale Asset
Chauvin Asset
Greater Edson Asset
Duvernay Shale Asset
Columbia Asset
Enlarge Image
Source: Talisman November investor presentation via Petroleum Research
Canada News
Western Canada Upstream M&A: Q1 2026 Transaction Report
Western Canadian M&A activity in Q1 2026 was characterized by a 87% decrease in total deal value compared to Q1 2025, totaling $0.8 billion C$. However, transaction volume…
Canadan E&P 2026 Program Calls for 448 Net Wells, Up 24% vs. 2025 Plan
Canadian Natural Resources outlined a 2026 operating capital budget of approximately $6.3 billion (total capital budget $6,425 million, including $125 million for carbon capture) targeting 1,590–1,650 MBOE/d of…
EIA’s “Glut” Calls: The 2025 Surplus Claim — and How 2021–2024 Forecasts Actually Held Up
The “~2.2 MMb/d glut in 2025” framing traces to the EIA’s Short-Term Energy Outlook (STEO), December 2025. EIA doesn’t usually write “glut” in the tables—what they publish is…
Whitecap Details 2026 Duvernay & Montney Program
Whitecap Resources reported strong third quarter 2025 operating and financial results, marking its first full quarter following the strategic combination with Veren that closed on May 12, 2025.…
ARC Resources: Lower 2026 Capex, Higher Volumes
ARC Resources used its third quarter update to reinforce a familiar message to Canadian E&P executives: disciplined capital, structurally better market access, and a growing shareholder return program…