Professional M&A intelligence for the energy transition
Shell completed the sale of Shell Petroleum Development Company of Nigeria Ltd. (SPDC) to Renaissance. Renaissance now controls SPDC's 30% stake in the SPDC JV, an unincorporated joint venture with the government-owned Nigerian National Petroleum Corporation (55%), Total Exploration and Production Nigeria Ltd (10%) and Agip Energy and Natural Resources (Nigeria) Limited (5%). SPDC, which […]
Serica Energy Plc (AIM: SQZ) has completed the acquisition of Prax Upstream Limited (PUL) from Prax Exploration & Production. The deal involved a payment of £14.5 million ($18.9 million), with Serica also assuming $34 million in cash held by PUL. The acquisition adds the Lancaster field, currently producing about 5,900 barrels of oil equivalent per […]
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 […]
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 […]