Acquisition

Power and Utilities

Alphabet (Google) Acquires Intersect Power for $4.75B

Alphabet agreed to acquire Intersect Power, a developer of data-center and energy infrastructure, for $4.75 billion in cash plus the assumption of debt. The transaction includes Intersect's gigawatt-scale energy and data-center projects under development or construction and aims to accelerate power generation capacity to support Alphabet's growing U.S. data-center demand. Intersect Power will continue operating […]

Mar 22 ·United States

Power and Utilities

TotalEnergies Acquires 50% of EPH Flexible Power Generation Portfolio

TotalEnergies agreed to acquire a 50% stake in Energetický a průmyslový holding’s (EPH) flexible power generation platform in Western Europe in an all-stock transaction valued at €5.1 billion, implying an enterprise value of €10.6 billion. The deal will create a 50/50 joint venture covering more than 14 GW of gas-fired, biomass and battery power assets […]

Mar 22 ·Czech Republic

Oil and Gas

EOG Resources Acquires Encino Acquisition Partners

EOG Resources agreed to acquire Encino Acquisition Partners (EAP) from affiliates of CPP Investments and Encino Energy in a transaction valued at $5.6 billion including net debt. The acquisition adds about 675,000 net acres in the Utica Shale in Ohio, expanding EOG's position in the basin to roughly 1.1 million net acres and strengthening its […]

Mar 22 ·United States

Power and Utilities

NRG Energy Acquires LS Power Generation Portfolio

NRG Energy completed the acquisition of a 13-GW power generation portfolio and the CPower commercial and industrial virtual power plant platform from LS Power in a transaction valued at about $12 billion. The deal includes 18 natural-gas-fired generation facilities and expands NRG's demand-response capabilities, doubling its generation fleet to roughly 25 GW.

Mar 22 ·United States

Oil and Gas

Peoria Resources Acquires Verdad Resources' DJ Basin Business

Verdad Resources completed the sale of its operated oil and gas portfolio to Peoria Resources, a subsidiary of JAPEX (U.S.) Corp. in a transaction valued at about $1.26 billion. The deal includes Verdad's exploration and production assets in the Denver-Julesburg Basin, comprising roughly 101,000 net acres across Colorado and Wyoming focused on the Niobrara and […]

Mar 22 ·Japan

Oil and Gas

U.S. Energy Development Acquires Permian Basin Asset

U.S. Energy Development Corp. (USEDC) acquired an oil and gas asset in the Permian Basin for about $390 million, adding roughly 20,000 net acres in Reeves and Ward counties, Texas. The company also increased its syndicated revolving credit facility led by Citibank from $165 million to $300 million to support the acquisition and future growth.

Mar 22 ·United States

Oil and Gas

National Fuel to Acquire CenterPoint's Ohio Natural Gas Utility Business

National Fuel Gas agreed to acquire the Ohio natural gas utility business of CenterPoint Energy for $2.62 billion. The business operates about 5,900 miles of pipelines and serves roughly 335,000 customers in Ohio, with the deal expected to close in the fourth quarter of 2026, subject to regulatory approvals. TD Securities (USA) LLC is serving […]

Mar 22 ·United States

Power and Utilities

NW Natural Holdings Acquires Hughes Gas Resources

Northwest Natural Holding (NYSE: NWN) subsidiary SiEnergy Operating (SiEnergy) completed the acquisition of 100% of the capital stock of Hughes Gas Resources from EPCOR USA Inc. for $60 million. Hughes serves approximately 6,900 connections in 12 communities northeast of Houston and is expected to have a rate base of approximately $46 million at the end […]

Mar 22 ·United States

Power and Utilities

NW Natural Holdings Acquires SiEnergy (Texas Gas Utility)

NW Natural Holdings completed the acquisition of SiEnergy from SiEnergy Capital Partners, an affiliate of Ridgewood Infrastructure, expanding its regulated natural gas utility footprint in Texas. SiEnergy serves about 70,000 residential and commercial customers across the Houston, Dallas and Austin metropolitan areas.

Mar 22 ·United States

Renewable Energy

MDU Resources Acquires Badger Wind Farm

MDU Resources subsidiary Montana-Dakota Utilities signed a purchase agreement to acquire a 49% ownership interest (122.5 MW) in the Badger Wind Farm near Wishek, North Dakota. The acquisition was selected as the least-cost option for MDU customers in its 2024 Integrated Resource Plan, contingent on North Dakota PSC approval.

Mar 21 ·United States