Apache and Mariner Energy enter into a merger agreement
Following a three year hiatus, Apache has re-entered the M&A market in a material way. Just three days after announcing the US$1 billion acquisition of Devon's Gulf of Mexico Shelf portfolio, Apache has agreed a US$3.9 billion merger with Mariner Energy. A major deal driver is Mariner's exposure to the Deepwater Gulf of Mexico. The portfolio also includes assets in two of Apache's core regions: the Gulf of Mexico Shelf and the Permian Basin.The deal consideration is ...