Harbour Energy has struck an $11.2 billion deal to acquire assets from Wintershall Dea, positioning itself as a global oil and gas giant. The deal is expected to diversify Harbour Energy beyond the UK and boost its reserves, leading to increased dividends and market dominance, which is seen as a big win for shareholders. Additionally, Vital Energy has acquired additional working interests in recent high-value acquisitions in the Permian Basin for a total consideration of $55 million, with expectations to increase its 2024 Free Cash Flow by approximately $20 million at specific price points.
#hbr #HarbourEnergy blasts into top tier with $11.2B Wintershall Dea deal! This transformative acquisition makes them a global oil & gas giant, diversifying beyond UK & boosting reserves. Expect increased dividends & market dominance. Big win for shareholders! #oilandgas $hbr
"Vital Energy Acquires Additional Working Interests in Recent High-Value Acquisitions in the Permian Basin" "for total consideration of $55 million" "expected to increase Vital Energy’s 2024 Free Cash Flow by approximately $20 million" (at $72 WTI / $2.50 HH in FY-24) $vtle
Harbour Energy/Wintershall: minnow lands transformational deal https://t.co/mzAGG7Jc5s | opinion
UK’s Harbour Energy agrees $11.2bn deal for Wintershall Dea assets https://t.co/jJBJpgLKWQ
Harbour Energy strikes $11.2 bln deal for Wintershall Dea assets https://t.co/1Qknjj1a9g https://t.co/k6WRJ4CHtz