Professional M&A intelligence for the energy transition
EQT Corporation completed its $5.5 billion acquisition of Equitrans Midstream in July 2024, reuniting two companies that had separated in 2018. The combined company became the first vertically integrated U.S. natural gas producer with 27.6 Tcfe of proved reserves. The deal gave EQT control of the Mountain Valley Pipeline and over 2,000 miles of gathering […]
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 […]
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.
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.
Pioneer Natural Resources Company (NYSE:PXD) acquired the leasehold interests and related assets of DoublePoint Energy for about $6.4 billion in May 2021. The deal added 97,000 net acres in the Midland Basin.
Pioneer Natural Resources completed its $7.6 billion all-stock acquisition of Parsley Energy in January 2021, consolidating its position as the largest pure-play Permian Basin operator.
Cabot Oil & Gas merged with Cimarex Energy in an all-stock $17 billion deal, forming Coterra Energy. The combined company holds approximately 600,000 net acres across the Marcellus, Permian, and Anadarko basins. The deal created a diversified upstream operator with both natural gas (Marcellus) and oil (Permian) exposure. Coterra established a hybrid capital return framework […]
ConocoPhillips closed its $13 billion all-stock acquisition of Concho Resources in 2021, becoming the largest independent producer in the Permian Basin at the time. The combined company held approximately 700,000 net acres in the Permian. The deal was the largest U.S. shale acquisition since the COVID-19 pandemic-induced oil price crash and signaled a wave of […]
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 […]
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 […]