Professional M&A intelligence for the energy transition
Enterprise Products Partners L.P. (NYSE: EPD) closed its acquisition of a natural gas gathering affiliate of Occidental in a debt-free transaction for $580 million in cash. The acquired assets include certain natural gas gathering systems in the Midland Basin, as well as approximately 200 miles of natural gas gathering pipelines that support Occidental’s production activities […]
MPLX LP (NYSE: MPLX) completed the $2.38 billion acquisition of Northwind Delaware Holdings LLC, which provides sour gas gathering, treating, and processing services in Lea County, New Mexico. The acquisition was financed and the incremental capital expenditures associated with in-process expansion projects will be funded by net proceeds from MPLX's $4.5 billion senior notes issued […]
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 […]
Diamondback Energy acquired subsidiaries of Double Eagle IV Midco in a transaction valued at more than $4 billion, including about $3 billion in cash and 6.9 million Diamondback shares. The deal includes approximately 40,000 net acres in the core of the Midland Basin; Estimated run-rate production of approximately 27 MBo/d (69% oil); $200 million of […]
Constellation (Nasdaq: CEG) acquired Calpine Corp. from Energy Capital Partners (ECP), creating the nation's largest producer of electricity. In January 2025, Constellation announced an to acquire Calpine in a cash and stock transaction valued at an equity purchase price of approximately $16.4 billion, composed of 50 million shares of Constellation stock and $4.5 billion in […]