Professional M&A intelligence for the energy transition
Vital Energy acquired Forge Energy II Delaware from Quantum Energy Partners for $540 million in October 2023, marking its entry into the Delaware Basin. The deal added approximately 14,000 boe/d and 24,000 net acres in Reeves and Pecos counties, Texas. Vital Energy agreed to acquire 70% of the assets for $378 million and will operate […]
Earthstone Energy (NYSE: ESTE) acquired EnCap-backed Novo Oil & Gas Holdings for $1.5 billion in August 2023. Concurrently, Earthstone flipped a one-third working interest to Northern Oil and Gas for $500 million, effectively reducing the net cost to $1 billion. The deal added approximately 38,000 boe/d of production from 114 wells and approximately 11,300 net […]
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.
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.
Permian Resources completed its $4.5 billion all-stock acquisition of Earthstone Energy in November 2023, creating one of the largest pure-play Delaware Basin operators. The combined entity holds approximately 400,000 net acres with production above 300,000 boe/d. The deal added 223,000 net acres in the Delaware and Midland basins to Permian Resources' position. EnCap-affiliated funds and […]
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 […]
Vital Energy and Northern Oil and Gas jointly acquired Point Energy Partners from Vortus Investments for $1.1 billion in cash in September 2024. Vital took 80% of the assets while Northern took the remaining 20%. The deal added approximately 16,300 boe/d of production and 68,000 net acres in the Delaware Basin's Ward and Reeves counties. […]
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 […]
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 […]
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 […]