Energy producers put cash to work in M&A, often to private equity’s benefit [buyout/ takeover]

Meanwhile, several midsize players are pursuing acquisitions to increase production capacity on the sharp rise in energy prices, giving large producers and investors a chance to divest fossil-fuel assets, Akunuri said.
Midland, Texas-based energy explorer Colgate Energy Partners III agreed this year to combine with shale driller Centennial Resource to form a $7 billion oil and gas producer focused on the Delaware Basin.

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