Professional M&A intelligence for the energy transition
Northern Oil and Gas acquired MPDC Mascot Project's Permian Basin non-operated working interests for $320 million in 2023. The deal added approximately 4,300 boe/d of production and 4,200 net acres concentrated in the Midland Basin. Citigroup Global Markets served as NOG’s financial advisor. Kirkland & Ellis LLP is serving as the Company’s legal advisor. Petrie […]
Continental Resources acquired Pioneer Natural Resources' Delaware Basin assets for $3.25 billion in cash in 2021. The deal added approximately 92,000 net acres in Texas and 50,000 boe/d of production. The transaction marked Continental's entry into the Delaware Basin and positioned the company in three of the most prolific U.S. unconventional plays alongside the Bakken […]
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 […]
Permian Resources acquired Occidental Petroleum's New Mexico Delaware Basin assets for $817.5 million. The deal added approximately 27,500 net acres in Reeves and Lea counties and 15,000 boe/d of production. The acquired assets in Reeves County also include a fully integrated midstream system. Infrastructure on the acquired assets includes over 100 miles of operated oil […]
Whitecap Resources completed its C$1.9 billion acquisition of XTO Energy Canada from ExxonMobil and Imperial Oil in August 2022. The deal added approximately 35,000 boe/d of Montney and Duvernay production in the Western Canadian Sedimentary Basin.
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.
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 […]
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.