Professional M&A intelligence for the energy transition
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 […]
Sitio Royalties Corp. (NYSE: STR) and Brigham Minerals, Inc. (NYSE: MNRL) completed their agreement to combine in an all-stock merger, with an aggregate enterprise value of about $4.8 billion. The combination brings together two of the largest public companies in the oil and gas mineral and royalty sector with high-quality assets in the Permian Basin […]
Permian Resources acquired Occidental Petroleum's New Mexico Delaware Basin assets for $817.5 million. The deal added approximately 27,500 net acres in Reeves and Lea counties and 15,000 boe/d of production. The acquired assets in Reeves County also include a fully integrated midstream system. Infrastructure on the acquired assets includes over 100 miles of operated oil […]
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.
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.
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.
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.
Crescent Point Energy acquired Hammerhead Resources for C$2.55 billion in cash and stock in December 2023. Crescent Point will become the largest owner of land in the volatile oil fairway in the Alberta Montney, in addition to already controlling the largest amount of land in the condensate-rich Kaybob Duvernay play.
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.
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 […]