Professional M&A intelligence for the energy transition
Strathcona Resources merged with Pipestone Energy in a C$1.65 billion all-stock deal in October 2023, creating Canada's fifth-largest oil producer. The combined entity holds significant Montney and oil sands positions.
ARC Resources merged with Seven Generations Energy in an all-stock C$8.1 billion transaction in April 2021, creating Canada's largest condensate producer and third-largest natural gas producer with approximately 340,000 boe/d of pro forma production.
Diamondback Energy completed its $26 billion cash-and-stock merger with privately held Endeavor Energy Resources in September 2024, creating the third-largest producer in the Permian Basin behind ExxonMobil and Chevron. The combined entity produces approximately 816,000 barrels of oil and gas equivalent per day across 838,000 net pro forma acres. Jefferies is serving as lead financial […]
Chord Energy Corporation (NASDAQ: CHRD) completed its merger with Calgary-based Enerplus Corporation (TSX: ERF) (NYSE: ERF) in May 2024 in a stock-and-cash transaction with combined enterprise value of approximately $11 billion. The combined entity holds 1.3 million net acres in the Williston Basin. The deal created a leading Williston Basin operator with approximately 287,000 boe/d […]
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 […]
Crescent Energy closed its all-stock acquisition of Vital Energy in late 2025, creating a top ten liquids-weighted independent E&P company with enhanced scale and free cash flow generation. The combined company will be led by a management team and board with deep operating and investing expertise, well-positioned to drive long-term growth and value creation. Under […]
Viper Energy, a subsidiary of Diamondback Energy, completed its all-equity acquisition of Sitio Royalties, combining two publicly-traded mineral and royalty companies, for about $4.1 billion, including net debt of roughly $1.1 billion. The merger will combine two publicly-traded mineral and royalty companies and expand Viper's portfolio of oil and gas mineral and royalty interests across […]
Baker Hughes agreed to acquire Chart Industries through a merger in which a wholly owned subsidiary of Baker Hughes will merge with Chart, making Chart a wholly owned subsidiary. Under the terms of the agreement, Chart shareholders will receive $210 per share of common stock in cash. The purchase price represents an enterprise value of […]
Repsol and HitecVision's joint venture NEO NEXT Energy agreed to merge with TotalEnergies' U.K. upstream oil and gas business, forming a new company called NEO NEXT+. After completion, TotalEnergies will hold 47.5%, HitecVision 28.875%, and Repsol 23.625% of the combined entity, which is expected to become the largest independent oil and gas producer in the […]
SM Energy completed its all-stock merger with Civitas Resources, creating a larger U.S. shale producer with an enterprise value of about $12.8 billion. Civitas shareholders received 1.45 SM Energy shares per share and now own about 52% of the combined company, which continues to operate under the SM Energy name.