Professional M&A intelligence for the energy transition
Antero Resources Corporation (NYSE: AR) agreed to acquire the upstream assets of HG Energy II LLC for $2.8 billion. The deal includes cash plus the assumption of HG Energy's commodity hedge book, subject to customary closing adjustments. The transaction is expected to close in the second quarter of 2026. Separately, Antero Midstream (NYSE:AM) also signed […]
Denmark-based Ørsted completed the divestment of a 50% stake in its 2.9 GW Hornsea 3 offshore wind farm to Apollo-managed funds. The deal is valued at about DKK 39 billion (around $5.9). It covers the acquisition of a 50 % equity ownership share and the commitment from Apollo to fund 50 % of the payments […]
Global Infrastructure Partners, a part of BlackRock, and the EQT Infrastructure VI fund, along with co-underwriters California Public Employees’ Retirement System (CalPERS) and Qatar Investment Authority (QIA), agreed to acquire AES Corporation (NYSE: AES) for $15.00 per share in cash. The deal represents a total equity value of $10.7 billion and an enterprise value of […]
ERS Infrastructure closed €770 million in new debt facilities at Borealis Spain Parent B.V., the holding company for OMERS ~25% stake in Exolum. Exolum is a Spanish-headquartered global energy logistics infrastructure company providing specialised solutions to support the energy transition in which OMERS has been directly invested since 2016. The company owns the transmission pipeline […]
Sunoco LP (NYSE: SUN) and SunocoCorp LLC (NYSE: SUNC) acquired TanQuid GmbH & Co. KG for about €500 million, including approximately €300 million of assumed debt. TanQuid is Germany's largest independent terminal operator with a portfolio of 15 terminals located in Germany and one terminal located in Southwestern Poland. This infrastructure serves an important role […]
Enterprise Products Partners L.P. (NYSE: EPD) closed its acquisition of a natural gas gathering affiliate of Occidental in a debt-free transaction for $580 million in cash. The acquired assets include certain natural gas gathering systems in the Midland Basin, as well as approximately 200 miles of natural gas gathering pipelines that support Occidental’s production activities […]
MPLX LP (NYSE: MPLX) completed the $2.38 billion acquisition of Northwind Delaware Holdings LLC, which provides sour gas gathering, treating, and processing services in Lea County, New Mexico. The acquisition was financed and the incremental capital expenditures associated with in-process expansion projects will be funded by net proceeds from MPLX's $4.5 billion senior notes issued […]
AGL Energy sold 19.9% of its 20% equity in Tilt Renewables (Tilt) to existing shareholders and other entities led by the Queensland Investment Corporation (QIC) and the Future Fund for $750 million. AGL's investment in Tilt had a carrying value of $321 million as at June 30 2025, and the transaction is expected to result […]
Tidewater Midstream and Infrastructure (TSX: TWM) acquired the North Segment of the Western Pipeline System from Pembina Pipeline and certain of its affiliates. The Western Pipeline is a key infrastructure asset to Tidewater, connecting the Prince George Refinery (PGR) to crude supply in Northeastern British Columbia. Integration of the Western Pipeline within Tidewater's downstream operations […]
Diamondback Energy acquired subsidiaries of Double Eagle IV Midco in a transaction valued at more than $4 billion, including about $3 billion in cash and 6.9 million Diamondback shares. The deal includes approximately 40,000 net acres in the core of the Midland Basin; Estimated run-rate production of approximately 27 MBo/d (69% oil); $200 million of […]