Professional M&A intelligence for the energy transition
Abu Dhabi Investment Authority (ADIA), through wholly owned subsidiary Tasaheel Investment Holdings, acquired a 10% interest in Sempra Infrastructure Partners for $1.79 billion in April 2022. Sempra Infrastructure owns LNG export assets including Cameron LNG and the development-stage Port Arthur LNG.
Energy Transfer LP (NYSE: ET) completed its $3.25 billion acquisition of WTG Midstream from affiliates of Stonepeak, the Davis Estate and Diamondback Energy in July 2024. The deal added approximately 6,000 miles of natural gas pipelines and eight processing plants in the Permian Basin's Midland Basin.
Investment firm KKR acquired a 20% interest in Sempra Infrastructure Partners for a $3.4 billion. Sempra Infrastructure Partners owns, among other assets: an LNG portfolio consisting of up to 45 million tonnes per annum of LNG export capacity in development, construction or operation on the North American Pacific and Gulf Coasts; a renewable portfolio consisting […]
Energy Transfer LP (NYSE: ET) completed its $1.45 billion acquisition of Lotus Midstream Operations from an affiliate of EnCap Flatrock Midstream in May 2023. The deal added the Centurion Pipeline crude oil gathering system spanning the Permian Basin to the Cushing, Oklahoma, hub.
QatarEnergy acquired participating interests in three exploration blocks offshore the Oriental Republic of Uruguay from BG International Limited, a subsidiary of Shell. Under the agreements, QatarEnergy acquired an 18% interest in block OFF-4, while Shell held 32%, and APA (the operator) retained the remaining 50%. QatarEnergy also acquired a 30% interest in block OFF-2, which […]
ONEOK acquired Medallion Midstream from Global Infrastructure Partners for $2.6 billion. The deal added the largest crude gathering system in the Midland Basin of the Permian, with over 1,300 miles of gathering pipelines.
Woodside Energy completed its $900 million acquisition of Tellurian and the Driftwood LNG project on the U.S. Gulf Coast in October 2024. The deal gives Woodside the fully permitted 27.6 mtpa Driftwood LNG export development site in Louisiana. Driftwood LNG is a fully permitted, pre-final investment decision development opportunity located near Lake Charles, Louisiana. The […]
Earthstone Energy (NYSE: ESTE) acquired EnCap-backed Novo Oil & Gas Holdings for $1.5 billion in August 2023. Concurrently, Earthstone flipped a one-third working interest to Northern Oil and Gas for $500 million, effectively reducing the net cost to $1 billion. The deal added approximately 38,000 boe/d of production from 114 wells and approximately 11,300 net […]
Talos Energy completed its $1.29 billion cash-and-stock acquisition of QuarterNorth Energy. The deal added approximately 30,000 boe/d of deepwater Gulf of Mexico production. QuarterNorth is a privately-held U.S. Gulf of Mexico exploration and production company with ownership in several prolific offshore fields.
Vital Energy acquired Forge Energy II Delaware from Quantum Energy Partners for $540 million in October 2023, marking its entry into the Delaware Basin. The deal added approximately 14,000 boe/d and 24,000 net acres in Reeves and Pecos counties, Texas. Vital Energy agreed to acquire 70% of the assets for $378 million and will operate […]