Professional M&A intelligence for the energy transition
Phillips 66 (NYSE:PSX) subsidiary Phillips 66 Continental Holding GmbH agreed to divest a 65% interest in its Germany and Austria retail marketing business, including JET-branded sites. The buyer is a consortium owned by subsidiaries of investment firms Energy Equation Partners and Stonepeak. Phillips 66 will retain a non-operated 35% interest in the business through a […]
DT Midstream (NYSE: DTM) acquired a portfolio of three FERC-regulated natural gas transmission pipelines from ONEOK (NYSE: OKE) for $1.2 billion. The pipelines have a total capacity of more than 3.7 Bcf/d with approximately 1,300 miles across seven states in the attractive Midwest market region. DT Midstream bought 100% operating ownership in Guardian Pipeline, Midwestern […]
Infinity Natural Resources (NYSE: INR) acquired upstream and midstream assets in the Ohio Utica Shale from Antero Resources and Antero Midstream for $1.2 billion. The addition of these assets will enhances the company's position in the core Ohio Utica Shale, adding approximately 71,000 net horizontal acres in the core of the Utica Shale concentrated in […]
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 […]
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 […]
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 […]
Controlled Thermal Resources Holdings and Plum Acquisition Corp. IV (Nasdaq: PLMK) on March 9 said in a statement they entered into a business combination agreement that values CTR at a pro forma enterprise value of around $4.7 billion. The combined company expected to list on Nasdaq under the ticker “CTRH.” CTR is developing the Hell’s […]
Parex Resources (TSX: PXT) said March 10 that it entered into an agreement to acquire 100% of Frontera Energy's (TSX: FEC) exploration and production assets in Colombia for $500 million in upfront cash, the assumption of $225 million in net debt and a contingent payment of up to $25 million. The deal supersedes a prior […]