Professional M&A intelligence for the energy transition
Kimbell Royalty Partners completed the acquisition of mineral and royalty interests in the Permian Basin from Mesa Royalties for $145.9 million on June 22, 2026. The transaction expands Kimbell's portfolio of oil and gas mineral and royalty interests, which spans over 17 million gross acres across 28 states.
Equinor acquired Suncor Energy's UK for $850 million. The deal will add approximately 15,000 barrels of oil equivalent per day in equity share in 2023 and create synergies with Equinor’s existing operations.
Oasis Petroleum and Whiting Petroleum completed their merger to form Chord Energy, a Williston Basin-focused independent E&P company with combined production of ~170,000 BOE/d.
Italian energy major Eni completed its acquisition of Neptune Energy, a diversified upstream E&P company with assets in North Africa, Europe, Asia-Pacific and Norway.
INEOS Energy completed the acquisition of the US Gulf business held by CNOOC Energy Holdings U.S.A., a U.S. subsidiary of CNOOC International. The deal increases INEOS Energy’s production globally to over 90 thousand barrels of oil equivalent per day.
Crescent Energy Company (NYSE: CRGY) acquired SilverBow in a transaction valued at $2.1 billion. The combined company will be the second-largest operator in the Eagle Ford.
ExxonMobil closed its $59.5B all-stock acquisition of Pioneer Natural Resources, more than doubling its Permian Basin footprint to 1.4M net acres with estimated 16B barrels of resource.
Chesapeake Energy and Southwestern Energy merged in an all-stock deal to form Expand Energy. The combined company became the largest U.S. natural gas producer with 7.9 Bcfe/d production capacity, headquartered in Oklahoma City.
ConocoPhillips acquired Marathon Oil in an all-stock deal valued at $22.5B (incl. $5.4B net debt). The deal added 2B barrels of resources across the Eagle Ford, Bakken, and Permian basins, with expected $500M in annual cost and capital synergies within the first full year.
Diamondback Energy merged with privately held Endeavor Energy Resources in a $26B cash-and-stock transaction ($8B cash + 117.3M FANG shares), creating a premier Permian Basin independent operator with ~838,000 net acres and 816 MBOE/d of production, making it the third-largest Permian producer.