Professional M&A intelligence for the energy transition
Vermilion Energy Inc. completed the acquisition of privately-held Westbrick Energy Ltd. for about C$1.08 billion. The acquired assets are located in the Deep Basin of west-central Alberta and include over 700,000 net acres, with current production of approximately 50,000 boe per day (60% liquids).
TotalEnergies SE acquired the interests of OMV(50%) and Sapura Upstream Assets (50%) in SapuraOMV Upstream, an independent gas producer in Malaisia. The deal is valued at $903 million. SapuraOMV's main assets are its 40% operated interest in block SK408 and 30% operated interest in block SK310, both located offshore Sarawak in Malaysia.
DNO ASA, the Norwegian oil and gas operator, acquired 100 percent of the shares of Sval Energi Group AS from HitecVision for a cash consideration of $450 million based on an enterprise value of $1.6 billion.
QatarEnergy acquired participating interests in three exploration blocks offshore the Oriental Republic of Uruguay from BG International Limited, a subsidiary of Shell. Under the agreements, QatarEnergy acquired an 18% interest in block OFF-4, while Shell held 32%, and APA (the operator) retained the remaining 50%. QatarEnergy also acquired a 30% interest in block OFF-2, which […]
Woodside Energy completed its all-stock merger with BHP's petroleum business in June 2022 to create one of the world's top 10 independent E&P companies by production. The combined entity was valued at approximately $28 billion and produces approximately 200 mmboe annually.
Cabot Oil & Gas merged with Cimarex Energy in an all-stock $17 billion deal, forming Coterra Energy. The combined company holds approximately 600,000 net acres across the Marcellus, Permian, and Anadarko basins. The deal created a diversified upstream operator with both natural gas (Marcellus) and oil (Permian) exposure. Coterra established a hybrid capital return framework […]
ARC Resources merged with Seven Generations Energy in an all-stock C$8.1 billion transaction in April 2021, creating Canada's largest condensate producer and third-largest natural gas producer with approximately 340,000 boe/d of pro forma production.
Pioneer Natural Resources completed its $7.6 billion all-stock acquisition of Parsley Energy in January 2021, consolidating its position as the largest pure-play Permian Basin operator.
Canadian Natural Resources acquired Storm Resources for C$960 million in cash and stock in December 2021. Current production, before royalties, to be acquired by Canadian Natural, is approximately 136 million cubic feet per day of natural gas and 5,600 barrels per day of NGLs. The assets include properties in the high quality, liquids rich Montney […]
Pioneer Natural Resources Company (NYSE:PXD) acquired the leasehold interests and related assets of DoublePoint Energy for about $6.4 billion in May 2021. The deal added 97,000 net acres in the Midland Basin.