• Upstream
  • Pipelines & Transport
  • Downstream
Friday, October 10, 2025
Oil&Gas Advancement
OFFSHORE ENERGY
  • Home
  • News
    Key Offshore Block of Shell

    QatarEnergy Buys Share in a Key Offshore Block of Shell

    U.S. Crude Oil Exports

    U.S. Crude Oil Exports Hit Highest Mark Since February 2024

    Natural Gas to China at Lower Prices

    Russia Indicates Natural Gas to China at Lower Prices

    First Oil Production

    U.S. Gulf Achieves First Oil Production Milestone

    Tamboran to acquire Falcon Oil Gas

    Tamboran to Acquire Falcon Oil & Gas in Australia

    Subsea Production Systems

    TechnipFMC Gets Petrobras Subsea Production Systems Deal

    Energy Security of the UK

    £830mn Gas Storage Project for Energy Security of the UK

    Frontier Exploration to Grow

    Global Oil And Gas Majors Push Frontier Exploration to Grow

    Nitzana Natural Gas Pipeline

    Chevron & Israel Team to Build Nitzana Natural Gas Pipeline

  • Projects
    Tamboran to acquire Falcon Oil Gas

    Tamboran to Acquire Falcon Oil & Gas in Australia

    Subsea Production Systems

    TechnipFMC Gets Petrobras Subsea Production Systems Deal

    Oil and Gas Exploration

    Egypt Signs 3 Deals worth Over $121M for Oil and Gas Exploration

    13bn Worth Iraq Project

    QatarEnergy, TotalEnergies Partner $13bn Worth Iraq Project

    25 Billion LNG Project

    McDermott Gets Key Contract for $25 Billion LNG Project

    4bn New Israeli Gas Offtake Contracts

    Energean Lands $4bn New Israeli Gas Offtake Contracts

    LNG Procurement and Trading

    Singapore-China Apply Cap on LNG Procurement and Trading

    Production Sharing Contract of Nigeria

    Production-Sharing Contract of Nigeria with TotalEnergies

    First Arctic LNG 2 Gas Delivery

    First Arctic LNG 2 Gas Delivery from Russia to China Starts

  • Whitepapers

    OGA 2017 Post Show Report

    US Polyethylene Export Market Report 2017-2020

    US Polyethylene Export Market Report 2017-2020

    Embedded SSD Flash Management

    Enterprise SSD: More Than Just a New Kind of Hard Drive

    Efficiency, Visibility and Reliability Keys to lower costs and greater profitability in oil and gas operations

    Don’t Miss the Unconventional Resource Revolution’s Next Wave

    Better Safety, Better Business: Maintain Compliance and Drive Revenue: Put All of Your Data to Work

    Breaking the Application Barrier: Why Data is the Most Valuable Asset in the Oil and Gas Industry

    Drilling Optimization Through Advanced Analytics Using Historical and Real-Time Data

  • Press Releases
    Cloudera and Aramco Plan to Collaborate on AI driven Digital Innovation in Saudi Arabia

    Cloudera and Aramco Plan to Collaborate on AI-driven Digital Innovation in Saudi Arabia

    Youth-Empowerment at Namibia Oil and Gas Conference 2025

    Namibia Oil and Gas Conference 2025 Announces Future Generations Masterclass in Partnership with the Namibia Youth Energy Forum

    Alaska LNG

    Glenfarne Announces Over $115 Billion of Strategic Partner Interest for Alaska LNG

    agreements with US companies

    Aramco announces 34 MoUs and agreements with US companies

    Sinopec Sets New Vertical Well Depth

    Sinopec Sets New Vertical Well Depth Record of 5,300 Meters

    Jubail Asset Integrity

    Jubail to Host the 3rd Asset Integrity and Process Safety Conference & Exhibition 2025

    IPTC 2025 Launched: Driving Innovation, Sustainability, and Excellence in Energy

    Ocean Business announces exhibitor list for 2025 show

    Ocean Business 2025 conference programme announced

  • Market Reports
    AI Technology Maturing the Oil and Gas Workforce

    AI & Technology Maturing the Oil and Gas Workforce

    HDPE Market in Oil and Gas

    HDPE Market in Oil and Gas: Trends and Global Forecast

    Top 5 Oil and Gas Sector Trends that are Active in 2025

    Oil-and-Gas-Analytics

    Oil and Gas Analytics Market Growth Trends and Forecast

    Gas-Transportation

    Transport Capacity – Key to Gas Sector Growth in India

    Offshore-Drilling

    Namibia Showcases its Offshore Drilling Activities

    Global-Oil

    Demand for Global Oil to Grow to Almost 104 mb/d in 2025

    ExxonMobil to sell Norway upstream operations for $4.5 billion

    ExxonMobil completes acquisition of Pioneer Natural Resources

    Ithaca Energy unit to acquire Chevron’s Central North Sea assets

    ExxonMobil doubles Permian footprint after finalizing Pioneer acquisition

  • Events
  • Contact Us
No Result
View All Result
Oil&Gas Advancement
No Result
View All Result
Home America

$2.1 billion Rosetta acquisition could be first of many

in America, Projects, Upstream
Share on FacebookShare on Twitter

The first major shale deal after the worst oil price collapse in five years is a model for future transactions that promises to quickly change the industry as companies expand in new areas or soak up struggling rivals.                                            

Noble Energy Inc.’s $2.1 billion all-stock purchase of Rosetta Resources Inc. is poised to be an opening salvo in a long-predicted wave of industry consolidation that’s been slow to materialize since crude fell by more than half since June.

As a stock-for-stock deal, Rosetta shareholders would see the benefit from a rebound in oil prices, a key sticking point after the value of North American energy companies fell by more than $200 billion since June, according to data compiled by Bloomberg.

“Both shareholders then get to participate in the upside going forward,” Noble Chairman and Chief Executive Officer Dave Stover said Monday in an interview. Such deals will give shareholders more confidence that they’ll benefit from shale mergers by creating “a stronger company overall.”

Rosetta shareholders will get 0.542 Noble share for each share they hold, giving them 9.6% of the outstanding shares of Noble, according to a statement Monday. The deal values Rosetta at $26.62 a share — 38% more than the producer’s closing price on Friday.

The premium is below average for the past five years, according to Fadel Gheit, a New York-based analyst for Oppenheimer & Co. That’s a signal that there are more deals to come as buyers and sellers come together on price.

‘Big Deal’

“We’re going to see a lot of mergers and acquisitions,” Gheit said Monday in a telephone interview. “Everybody is looking for the big deal.”

Investors didn’t immediately welcome the acquisition, as Noble’s shares fell as much as 7.8%, the most intraday in four months, and were down 6.6% to $45.90 at 12:13 p.m. in New York. Still, the deal indicates merger activity is returning to the market, Neal Dingmann, an analyst at SunTrust Banks Inc., said in a note to investors Monday.

Other takeover targets are likely to have operations in West Texas’s Permian Basin, including Matador Resources Co., Callon Petroleum Co., Carrizo Oil & Gas Inc. and other smaller companies similar to Rosetta, he said. Concho Resources Inc. and Pioneer Natural Resources Co. are larger companies that could be attractive to a buyer with deeper pockets, Dingmann said.

Martijn Rats, an oil analyst at Morgan Stanley, said in a report on Monday that M&A was “arguably” a cheaper option for growth than organic investment. “Upstream M&A will likely accelerate as confidence grows,” he said.

Stalled Transactions

For months after the oil market collapsed, deals were stalled by disagreements on valuation as sellers insisted on a higher price than buyers were willing to pay, and the bottom of the downturn remained uncertain. Now, an oil rally has signaled a potential rebound, with prices up more than 30 percent in the past seven weeks.

Noble’s transaction follows a decline in deal value and volume among oil and gas producers during the first three months of the year, according to a Monday report by consultant PricewaterhouseCoopers LLP.

PricewaterhouseCoopers tallied 12 transactions, a 60% decline from the year-earlier quarter. Deal value dropped 72%, to $3.6 billion. The Permian was the most-active field for deals in the quarter, followed by the Eagle Ford, according to the report.

New Opportunities

“The velocity and magnitude of the decline in oil prices have caused companies to focus internally on cost reduction and productivity enhancement activities, which have taken attention away from M&A as a growth vehicle,” Doug Meier, the consulting firm’s energy sector deals leader, said in a statement.

“The current low price environment may present opportunities for potential acquirers who have the balance sheets to finance deals and the investing horizon to see through the current lows of the business cycle,” he said.

The current deal comes as major international explorers and shale giants from Exxon Mobil Corp. to EOG Resources Inc. have all signaled an interest in taking advantage of lower valuations to add to their North American shale resources.

The goal is either to expand existing land positions in the major U.S. drilling areas or to acquire access to a new area, as was the case in the Noble-Rosetta deal.

With Rosetta, Noble will add 1,800 drilling locations in two of the three biggest U.S. shale oil fields. Rosetta’s assets include 50,000 acres in the Eagle Ford and 56,000 acres in the Permian. Rosetta produced 66,000 boepd in the first quarter from the two regions, of which more than 60 percent was liquids.

“It’s really the quality of the asset, the inventory, that attracted us,” Noble CEO Stover said.

Noble will assume Rosetta’s net debt of $1.8 billion, the Houston-based companies said on Monday.

The largest takeover in the sector announced this year is the pending $53 billion purchase of BG Group Plc by Royal Dutch Shell Plc.

Previous Post

LINN Energy sells remaining Permian basin acreage for $281 million

Next Post

Noble Energy buys into Eagle Ford, Permian with Rosetta Resources acquisition

Related Posts

Key Offshore Block of Shell
News

QatarEnergy Buys Share in a Key Offshore Block of Shell

October 7, 2025
First Oil Production
News

U.S. Gulf Achieves First Oil Production Milestone

October 4, 2025
Tamboran to acquire Falcon Oil Gas
Asia Pacific

Tamboran to Acquire Falcon Oil & Gas in Australia

October 3, 2025
Subsea Production Systems
America

TechnipFMC Gets Petrobras Subsea Production Systems Deal

October 3, 2025
Frontier Exploration to Grow
News

Global Oil And Gas Majors Push Frontier Exploration to Grow

September 30, 2025
Oil Related Tariffs on China
America

Oil-Related Tariffs on China May Stop unless Europe Acts

September 18, 2025
Next Post

Noble Energy buys into Eagle Ford, Permian with Rosetta Resources acquisition

LatestNews

U.S. Crude Oil Exports
Downstream

U.S. Crude Oil Exports Hit Highest Mark Since February 2024

October 6, 2025
Natural Gas to China at Lower Prices
Downstream

Russia Indicates Natural Gas to China at Lower Prices

October 4, 2025
First Oil Production
News

U.S. Gulf Achieves First Oil Production Milestone

October 4, 2025
Tamboran to acquire Falcon Oil Gas
Asia Pacific

Tamboran to Acquire Falcon Oil & Gas in Australia

October 3, 2025
Subsea Production Systems
America

TechnipFMC Gets Petrobras Subsea Production Systems Deal

October 3, 2025
Energy Security of the UK
Gases

£830mn Gas Storage Project for Energy Security of the UK

September 29, 2025

About Us

Oil & Gas Advancement is a specialized platform delivering latest news and industry insights for the global oil and gas sector. Featuring market intelligence, expert opinions, events and updates, it serves as a trusted and strategic resource for industry stakeholders navigating energy transitions.

Subscribe Us

Resources

  • Advertise with us
  • Contact Us
  • Newsletter Archive
  • Download Mediapack

System

  • Search
  • Site Map
  • RSS Feed
  • Upstream
  • Pipelines & Transport
  • Downstream

© 2025 Copyright Valuemediaservices 2025 All rights reserved.

No Result
View All Result
  • Home
  • News
  • Projects
  • Whitepapers
  • Press Releases
  • Market Reports
  • Events
  • Contact Us

© 2025 Copyright Valuemediaservices 2025 All rights reserved.