Professional M&A intelligence for the energy transition
APA Corporation (NASDAQ: APA) closed its $4.5 billion all-stock acquisition of Callon Petroleum in April 2024, significantly expanding its Permian Basin footprint, particularly in the Delaware Basin where Callon held nearly 120,000 net acres. The deal boosted APA's pro forma total production to more than 500,000 boe/d and increased its enterprise value to over $21 […]
Matador Resources Company (NYSE: MTDR) closed its $1.8 billion cash acquisition of EnCap-backed Ameredev II in September 2024. The deal added approximately 33,500 net acres in Lea County, New Mexico, and Loving and Winkler Counties, Texas, in the Delaware Basin. The transaction added 25,000-26,000 boe/d of production and 371 net operated drilling locations, with about […]
Vital Energy and Northern Oil and Gas jointly acquired Point Energy Partners from Vortus Investments for $1.1 billion in cash in September 2024. Vital took 80% of the assets while Northern took the remaining 20%. The deal added approximately 16,300 boe/d of production and 68,000 net acres in the Delaware Basin's Ward and Reeves counties. […]
Crescent Energy completed its acquisition of Ridgemar Energy's Eagle Ford operating assets for approximately $905 million in cash and stock in January 2025. The deal added 20,000 boe/d of production and 130 high-quality drilling locations in Central Eagle Ford. The transaction extended Crescent's Eagle Ford position in Frio, Atascosa, and McMullen counties, Texas, building on […]
Permian Resources completed its $4.5 billion all-stock acquisition of Earthstone Energy in November 2023, creating one of the largest pure-play Delaware Basin operators. The combined entity holds approximately 400,000 net acres with production above 300,000 boe/d. The deal added 223,000 net acres in the Delaware and Midland basins to Permian Resources' position. EnCap-affiliated funds and […]
Civitas Resources acquired Tap Rock Resources' Permian assets from NGP Energy Capital Management for $2.45 billion, marking its entry into the Delaware Basin. The deal added 30,000 boe/d of production and 47,000 net acres in Lea and Eddy counties, New Mexico.
Civitas Resources acquired NGP-backed Hibernia Energy III's Midland Basin assets for $2.25 billion in August 2023. The deal added 38,000 boe/d of production and 38,000 net acres in Reagan and Upton counties, Texas.
ExxonMobil completed its all-stock acquisition of Denbury valued at $4.9 billion in a bid to strengthen its Low Carbon Solutions business. The deal adds more than 1,300 miles of CO₂ pipelines and access to over 15 onshore CO₂ storage sites, creating the largest owned and operated CO₂ pipeline network in the U.S. The transaction also […]
Patterson-UTI Energy completed its all-stock merger with NexTier Oilfield Solutions, creating a U.S. provider of drilling and well completion services. The combined company continues to operate under the Patterson-UTI Energy name and trades on NASDAQ under PTEN, with headquarters in Houston. The merger expands the company's operational scale, combining 172 super-spec drilling rigs and about […]
Chevron Corporation (NYSE: CVX) acquired PDC Energy (NASDAQ: PDCE) in an all-stock transaction valued at $6.3 billion, or $72 per share. The total enterprise value, including debt, of the transaction is $7.6 billion. The acquisition provides Chevron with assets expected to deliver higher returns in lower carbon intensity basins in the U.S. PDC brings strong […]