Thank you for attending the 2014 A&D Strategies and Opportunities Conference and Workshop
This year 550+ attendees and 29 speakers packed The Ritz-Carlton Hotel in Dallas, TX for a sold-out event. Attendees experienced two solid days of networking, deal-making, industry coverage and interactive learning opportunities.
The 2014 A&D Workshop also gave attendees a unique opportunity to test their negotiation skills through the ever-popular "Let's Make a Deal" Lab and the A&D Shark Tank. Both hands-on sessions allowed participants to practice today's most-successful A&D tactics in a fun competitive environment.
The conference may be over, but the conversation isn't. Find out what other attendees are saying about the 2014 A&D Strategies and Opportunities conference and workshop. We would love to hear about your experience too!
And be sure to save the date for next year’s event, scheduled September 9-10, 2015 at The Ritz-Carlton Hotel in Dallas, TX.
Germany’s Siemens Pays Steep Price For Oilfield Equipment Maker Dresser-Rand Dresser-Rand Group Inc. (NYSE: DRC), an E&P equipment giant and oilfield equipment maker, announced late Sept. 21 it would merge with the German engineering firm Siemens.
Siemens will pay $7.6 billion in a merger agreement, or $83 per share in cash for the U.S. equipment maker including assumption of debt.
The share price represents a premium of 37.4% over Dresser-Rand's closing share price of $60.42 on July 16, the day before speculation in the press appeared regarding interest in Dresser-Rand. Months later, Dresser-Rand’s closing price of $79.91 per share on Sept. 19 is slightly below the agreed upon transaction price.
The acquisition complements Siemens' existing offerings, notably for the global oil and gas industry and for distributed power generation.
In 2013 Dresser-Rand generated $3 billion, had 8,100 employees, 14 manufacturing facilities in eight countries and 49 service centers including six engineering and R&D centers.
Newfield Completes Sale Of Granite Wash Assets Newfield Exploration Co. (NYSE: NFX) announced Sept. 22 it closed on the sale of its Granite Wash assets to Templar Energy LLC for $588 million
Newfield's Granite Wash position includes 42,000 net acres and net daily production of nearly 65 million cubic feet equivalent per day, 60% of which is natural gas. It is considered a noncore asset for The Woodlands, Texas company.