About 98 percent of participating C&J Energy Services Inc. (NYSE: CJES) shareholders on March 20 approved the proposed merger with Nabors Industries Ltd. (NYSE: NBR) that is expected to close next week.
The roughly $1.4 billion deal involves Houston-based C&J acquiring the production and completion businesses of Bahamas-based Nabors, which has its operational headquarters in Houston.
C&J Chairman and CEO Josh Comstock praised the shareholder votes.
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M & A Activity will pick up in Q2
M & A Activity will pick up in Q2
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group
Re: M & A Activity will pick up in Q2
Southwestern Energy Co. (NYSE: SWN) will sell more assets for $218 million and use the proceeds to pay down debt.
The Houston-based company will sell conventional oil and gas assets in East Texas and the Arkoma Basin in a deal that’s expected to close in the second quarter of this year. The buyer was not disclosed.
The Houston-based company will sell conventional oil and gas assets in East Texas and the Arkoma Basin in a deal that’s expected to close in the second quarter of this year. The buyer was not disclosed.
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group