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SM Energy to buy Uinta Basin assets in $2.5B deal, selling 20% to Northern Oil (NYSE:SM)

ssuaphoto/iStock via Getty Images SM Energy (NYSE:SM) said Thursday it agreed to acquire oil and gas assets in Utah’s Uinta Basinfrom XCL Resources, a private company backed by EnCap Investments and Rice Investment Group, for $2.55B in cash, confirming earlier speculation. Northern Oil and Gas (NOG) will acquire 20% ofContinue Reading

SM Energy nears deal to buy XCL Resources for ~$3B – Bloomberg (NYSE:SM)

In: Finance

Sean Hannon/iStock via Getty Images SM Energy (NYSE:SM) is in advanced talks to acquire Utah oil and gas producer XCL Resources, in a deal that would value the privately-held company at ~$3B, Bloomberg reported late Wednesday. SM Energy (SM) reportedly could announce a deal with XCL backers including EnCap InvestmentsContinue Reading

SM Energy to buy Uinta Basin assets in $2.5B deal, selling 20% to Northern Oil (NYSE:SM)

SM Energy nears deal to buy XCL Resources for ~$3B – Bloomberg (NYSE:SM)

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