Conoco Makes Big Bet On Natural Gas Prices

Terzo, Gerelyn
December 2005
Investment Dealers' Digest;12/19/2005, Vol. 71 Issue 48, p11
Trade Publication
The article discusses the trend of the takeover of gas companies by oil companies in North America. ConocoPhillips's $35.6 billion purchase of natural gas giant Burlington Resources Inc. is expected to focus the attention of other major oil companies, both domestic and international, on the North American gas exploration and production sector. If the rend continues integrated oil giants such as ExxonMobil, Shell, BP and France's Total could be expected to set their eyes on the acquisition of natural gas companies such as XTO Energy and EOG Resources.


Related Articles

  • M&A Looks Hot -- and Energy Hotter Still. Sweeney, Paul // Financial Executive;Mar2006, Vol. 22 Issue 2, p24 

    The article focuses on expectations of an increase in mergers and acquisitions for 2006 in the oil and petroleum industry. It states that ConocoPhillips purchase of Burlington Resources and Chevron Texaco's acquisition of Unocal were two of the largest acquisitions that happened in 2005. It...

  • Energy Deals Make 2005 Big Year for Big Mergers. Platt, Gordon // Global Finance;Feb2006, Vol. 20 Issue 2, p44 

    The article highlights mergers and acquisitions in the energy industry as of February 2006. The Houston, Texas-based ConocoPhillps, has agreed to acquire independent oil and gas producer, Burlington Resources in December 2005, in a stock-swap transaction. ChevronTexaco has merged with Unocal,...

  • Global upstream M&A more than doubles to $160 billion. Boschee, Pam // Offshore;May2006, Vol. 66 Issue 5, p28 

    This article reports that the pace of global consolidation and mergers in the offshore oil and gas industries is expected to accelerate in 2006. 2005 transactions include ConocoPhillips' acquisition of Burlington Resources valued at $36.4 billion, the $19.9 billion merger of Chevron and Unocal,...

  • Oando Energy Resources extends completion date for acquisition of Nigerian upstream oil & gas business of ConocoPhillips.  // World Energy News;3/3/2014, p2 

    The article reports on the extension of the completion date for the acquisition of Nigerian oil and gas firm ConocoPhillips Co. by Oando Energy Resources Inc. to March 31, 2014. Earlier, the acquisition was decided to be complete by February 28, 2014, but the firm did not see all its conditions...

  • Buying Opportunity In ConocoPhillips.  // DRIP Investor;Jan2006, Vol. 15 Issue 1, p7 

    The article focuses on the impact of ConcoPhillips Co.'s plan to acquire Burlington Resources Inc. on investment opportunities for long-term investors. ConocoPhillips was formed by merging Phillips Petroleum Co. with Conoco in 2002. The $35-billion acquisition of Burlington Resources will give...

  • Conoco gassed up, ready to cruise.  // Dow Theory Forecasts;4/24/2006, Vol. 62 Issue 17, p8 

    The article features ConocoPhillips, an integrated oil company and refiner in the U.S. ConocoPhillips recently acquired Burlington Resources in March 2006. In the previous year, the company has invested in the Russian oil company Lukoil. The company projects a production growth of about 6...

  • "Surviving Acquisitions and Divestitures -- A Guide for Oil & Gas Professionals.". Nickelson, Ron; Mumtaz, Salman // Power Engineering;Dec2012, Vol. 116 Issue 12, Special section p16 

    The article presents a guide for oil and gas companies on acquisitions and divestitures. Particular focus is given on the impact of acquisitions and divestitures on oil and gas professionals. According to the authors, it is important to understand the assets affected in the transaction and to...

  • Analysts, industry see mergers coming. TRONCHE, JOHN-LAURENT // Fort Worth Business Press;10/27/2008, Vol. 20 Issue 42, p1 

    The article reports on the possible consolidation among smaller, rival oil and gas companies as a result of the economic condition in the U.S. in 2008. Energy analyst Phil Weiss said that a consolidation is possible among the intermediate group or mid-size companies because there are companies...

  • LET'S MAKE A DEAL. Benjamin, Matthew // U.S. News & World Report;12/26/2005-1/2/06, Vol. 139 Issue 24, p38 

    The article looks at consolidations and mergers of business enterprises at the end of 2005. Oil and gas company ConocoPhillips plans a merger with Burlington Resources, a gas exploration and production company. Defense firm General Dynamics will merge with information technology firm Anteon...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics