Professional M&A intelligence for the energy transition
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.
Pioneer Natural Resources Company (NYSE:PXD) acquired the leasehold interests and related assets of DoublePoint Energy for about $6.4 billion in May 2021. The deal added 97,000 net acres in the Midland Basin.
Canadian Natural Resources acquired Storm Resources for C$960 million in cash and stock in December 2021. Current production, before royalties, to be acquired by Canadian Natural, is approximately 136 million cubic feet per day of natural gas and 5,600 barrels per day of NGLs. The assets include properties in the high quality, liquids rich Montney […]
Chesapeake Energy completed its $2.2 billion acquisition of Vine Energy in November 2021, consolidating its position in the Haynesville Shale. Vine is focused on the development of natural gas properties in the over-pressured stacked Haynesville and Mid-Bossier shale plays in Northwest Louisiana.
Canadian Natural Resources completed its C$6.5 billion acquisition of Chevron's Canadian assets in October 2024. The deal includes Chevron's 20% interest in the Athabasca Oil Sands Project and 70% operated interest in light oil assets in the Duvernay Shale.
Chesapeake Energy completed its $2.6 billion acquisition of Chief E&D Holdings and Tug Hill's affiliate in March 2022. The deal added approximately 113,000 net acres in the Marcellus Shale's prolific northeastern Pennsylvania core area.
Cenovus Energy acquired BP's 50% interest in the Sunrise oil sands project in October 2022, gaining 100% ownership. Cenovus paid C$600 million in cash, with BP also receiving Cenovus's 35% stake in the Bay du Nord project.
EQT Corporation completed its $5.2 billion acquisition of Quantum Energy Partners-backed Tug Hill's THQ Appalachia natural gas business and XcL Midstream's gathering system in December 2022. The deal added approximately 90,000 core net acres in West Virginia's Marcellus and Utica formations and 800 MMcfe/d of production. The combined entity strengthened EQT's position as the largest […]
Suncor Energy acquired Teck Resources' 21.3% interest in the Fort Hills oil sands project for approximately C$1.0 billion in February 2023, increasing Suncor's stake to 75.4%. The deal supports Suncor's strategy to consolidate operated assets.
EQT Corporation completed its $5.5 billion acquisition of Equitrans Midstream in July 2024, reuniting two companies that had separated in 2018. The combined company became the first vertically integrated U.S. natural gas producer with 27.6 Tcfe of proved reserves. The deal gave EQT control of the Mountain Valley Pipeline and over 2,000 miles of gathering […]