FTC conditionally approves oil merger

Ben Remaly

28 March 2022

Internal EnCap Energy document cited in the FTC's complaint

The Federal Trade Commission has cleared EnCap Energy’s proposed $1.4 billion purchase of rival EP Energy on the condition that the parties sell EP’s oil business in Utah.

Subscribe to Global Competition Review

Subscribe to unlock unlimited access

Get news, unique commentary, expert analysis and essential resources from the Global Competition Review experts.

Subscribe now

Already have access? Login below

Ben Remaly

View full biography

Author | Editor, GCR USA

[email protected]

Tipline

Pipe down: The Tipline for 7 February 2023
Two major steel pipe manufacturers have walked away from their proposed $460 million merger after receiving pushback from the Department of Justice. The DOJ said yesterday that Benteler Steel & Tube Manufacturing ditched plans to sell one of its facilities to Tenaris after the agency raised concerns the deal would eliminate an independent competitor for steel pipes used in the extraction of petroleum products. Despite the authority claiming victory, the two companies refused to …
Calm before the storm: The Tipline for 6 February 2023
Wall-to-wall coverage: The Tipline for 3 February 2023

FTC conditionally approves oil merger

Subscribe to Global Competition Review

Subscribe to unlock unlimited access

Already have access? Login below

Related Topics

Ben Remaly