Professional M&A intelligence for the energy transition
Murphy Oil subsidiary, Murphy Exploration & Production Company – USA, closed the transaction for the sale of its entire 50% stake in the Kin's Quay floating production system and associated export lateral pipelines in the Gulf of Mexico. The King's Quay FPS will be co-owned in a joint venture with entities managed by Ridgewood Energy […]
Talos Energy completed its $1.29 billion cash-and-stock acquisition of QuarterNorth Energy. The deal added approximately 30,000 boe/d of deepwater Gulf of Mexico production. QuarterNorth is a privately-held U.S. Gulf of Mexico exploration and production company with ownership in several prolific offshore fields.
Earthstone Energy (NYSE: ESTE) acquired EnCap-backed Novo Oil & Gas Holdings for $1.5 billion in August 2023. Concurrently, Earthstone flipped a one-third working interest to Northern Oil and Gas for $500 million, effectively reducing the net cost to $1 billion. The deal added approximately 38,000 boe/d of production from 114 wells and approximately 11,300 net […]
Tourmaline Oil completed its C$1.3 billion of Crew Energy in October 2024. The deal added approximately 30,000 boe/d of production and 270,000 net acres in the Montney formation in northeast British Columbia, consolidating Tourmaline's leading Montney position.
Vital Energy acquired Forge Energy II Delaware from Quantum Energy Partners for $540 million in October 2023, marking its entry into the Delaware Basin. The deal added approximately 14,000 boe/d and 24,000 net acres in Reeves and Pecos counties, Texas. Vital Energy agreed to acquire 70% of the assets for $378 million and will operate […]
Tourmaline Oil acquired Bonavista Energy in a C$1.45 billion cash-and-stock deal in October 2023. The transaction added 60,000 boe/d of production and 350,000 net acres in the Deep Basin of Alberta.
Northern Oil and Gas acquired MPDC Mascot Project's Permian Basin non-operated working interests for $320 million in 2023. The deal added approximately 4,300 boe/d of production and 4,200 net acres concentrated in the Midland Basin. Citigroup Global Markets served as NOG’s financial advisor. Kirkland & Ellis LLP is serving as the Company’s legal advisor. Petrie […]
Strathcona Resources merged with Pipestone Energy in a C$1.65 billion all-stock deal in October 2023, creating Canada's fifth-largest oil producer. The combined entity holds significant Montney and oil sands positions.
Continental Resources acquired Pioneer Natural Resources' Delaware Basin assets for $3.25 billion in cash in 2021. The deal added approximately 92,000 net acres in Texas and 50,000 boe/d of production. The transaction marked Continental's entry into the Delaware Basin and positioned the company in three of the most prolific U.S. unconventional plays alongside the Bakken […]
Whitecap Resources completed its C$1.9 billion acquisition of XTO Energy Canada from ExxonMobil and Imperial Oil in August 2022. The deal added approximately 35,000 boe/d of Montney and Duvernay production in the Western Canadian Sedimentary Basin.