Professional M&A intelligence for the energy transition
Ovintiv (NYSE: OVV) (TSX: OVV) completed its acquisition of all of the common shares of NuVista Energy Ltd. (TSX: NVA) in a cash and stock transaction valued at $2.7 billion. The acquisition is expected to add approximately 930 net 10,000-foot equivalent well locations, and approximately 140,000 net acres (approximately 70% undeveloped) in the core of […]
Antero Midstream agreed to acquire HG Energy II Midstream Holdings for $1.1 billion in cash, adding gathering and water infrastructure in the Marcellus Shale contiguous with its existing system. The assets include about 50 miles of gas gathering pipelines and 50 miles of water pipelines. In a related move, the company will divest its Ohio […]
Harbour Energy completed the acquisition of LLOG Exploration Co. for $3.2 billion, marking the company's strategic entry into the U.S. Gulf of Mexico offshore oil and gas market. The transaction comprised $2.7 billion in cash and $0.5 billion in Harbour shares, strengthening Harbour's global upstream portfolio and establishing a new core business unit alongside its […]
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 […]
EOG Resources agreed to acquire Encino Acquisition Partners (EAP) from affiliates of CPP Investments and Encino Energy in a transaction valued at $5.6 billion including net debt. The acquisition adds about 675,000 net acres in the Utica Shale in Ohio, expanding EOG's position in the basin to roughly 1.1 million net acres and strengthening its […]
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 […]
Verdad Resources completed the sale of its operated oil and gas portfolio to Peoria Resources, a subsidiary of JAPEX (U.S.) Corp. in a transaction valued at about $1.26 billion. The deal includes Verdad's exploration and production assets in the Denver-Julesburg Basin, comprising roughly 101,000 net acres across Colorado and Wyoming focused on the Niobrara and […]
U.S. Energy Development Corp. (USEDC) acquired an oil and gas asset in the Permian Basin for about $390 million, adding roughly 20,000 net acres in Reeves and Ward counties, Texas. The company also increased its syndicated revolving credit facility led by Citibank from $165 million to $300 million to support the acquisition and future growth.
National Fuel Gas agreed to acquire the Ohio natural gas utility business of CenterPoint Energy for $2.62 billion. The business operates about 5,900 miles of pipelines and serves roughly 335,000 customers in Ohio, with the deal expected to close in the fourth quarter of 2026, subject to regulatory approvals. TD Securities (USA) LLC is serving […]
ConocoPhillips agreed to sell its interests in the Ursa and Europa fields and its stake in Ursa Oil Pipeline to subsidiaries of Shell for $735 million, as part of its strategy to divest non-core assets. The deal includes a 15.96% interest in the Ursa field, a 1% interest in the Europa field, and an overriding […]