Professional M&A intelligence for the energy transition
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.
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.
Tokyo Gas, through its U.S. subsidiary TG Natural Resources, acquired Quantum Energy Partners-backed Rockcliff Energy II for $2.7 billion in cash in January 2024. The deal added approximately 109,000 net acres in the Haynesville Shale. The transaction was the largest U.S. natural gas-focused upstream deal of 2023 and reflected Japanese utility interest in securing equity […]
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.
Tourmaline Oil completed its C$1.3 billion of Crew Energy in October 2024. The deal added approximately 30,000 boe/d of production and 270,000 net acres in the Montney formation in northeast British Columbia, consolidating Tourmaline's leading Montney position.
Tourmaline Oil acquired Bonavista Energy in a C$1.45 billion cash-and-stock deal in October 2023. The transaction added 60,000 boe/d of production and 350,000 net acres in the Deep Basin of Alberta.
Crescent Point Energy acquired Hammerhead Resources for C$2.55 billion in cash and stock in December 2023. Crescent Point will become the largest owner of land in the volatile oil fairway in the Alberta Montney, in addition to already controlling the largest amount of land in the condensate-rich Kaybob Duvernay play.
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 […]
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 […]