Professional M&A intelligence for the energy transition
Whitecap Resources completed its C$1.9 billion acquisition of XTO Energy Canada from ExxonMobil and Imperial Oil in August 2022. The deal added approximately 35,000 boe/d of Montney and Duvernay production in the Western Canadian Sedimentary Basin.
Crescent Point Energy acquired Hammerhead Resources for C$2.55 billion in cash and stock in December 2023. Crescent Point will become the largest owner of land in the volatile oil fairway in the Alberta Montney, in addition to already controlling the largest amount of land in the condensate-rich Kaybob Duvernay play.
ARC Resources merged with Seven Generations Energy in an all-stock C$8.1 billion transaction in April 2021, creating Canada's largest condensate producer and third-largest natural gas producer with approximately 340,000 boe/d of pro forma production.
Chord Energy Corporation (NASDAQ: CHRD) completed its merger with Calgary-based Enerplus Corporation (TSX: ERF) (NYSE: ERF) in May 2024 in a stock-and-cash transaction with combined enterprise value of approximately $11 billion. The combined entity holds 1.3 million net acres in the Williston Basin. The deal created a leading Williston Basin operator with approximately 287,000 boe/d […]
Brookfield Renewable agreed to acquire National Grid's US renewables business for $1.7 billion, including a portfolio of utility-scale solar, onshore wind, and battery storage assets across the U.S. with 1.8 GW in operation and another 1.3 GW under construction. The terms of the transaction imply an enterprise value for National Grid Renewables of $1.74 billion. […]
Ovintiv (NYSE: OVV) (TSX: OVV) completed its acquisition of all of the common shares of NuVista Energy Ltd. (TSX: NVA) in a cash and stock transaction valued at $2.7 billion. The acquisition is expected to add approximately 930 net 10,000-foot equivalent well locations, and approximately 140,000 net acres (approximately 70% undeveloped) in the core of […]
Brookfield Renewable Partners agreed to acquire a 12.45% minority stake in four operational U.K. offshore wind farms from Ørsted in a transaction valued at about $2.3 billion, covering assets with a combined capacity of roughly 3.5 GW. Ørsted will retain a 37.55% stake and continue operating the wind farms, which include Hornsea 1, Hornsea 2, […]
ERS Infrastructure closed €770 million in new debt facilities at Borealis Spain Parent B.V., the holding company for OMERS ~25% stake in Exolum. Exolum is a Spanish-headquartered global energy logistics infrastructure company providing specialised solutions to support the energy transition in which OMERS has been directly invested since 2016. The company owns the transmission pipeline […]
Tidewater Midstream and Infrastructure (TSX: TWM) acquired the North Segment of the Western Pipeline System from Pembina Pipeline and certain of its affiliates. The Western Pipeline is a key infrastructure asset to Tidewater, connecting the Prince George Refinery (PGR) to crude supply in Northeastern British Columbia. Integration of the Western Pipeline within Tidewater's downstream operations […]