Professional M&A intelligence for the energy transition
Crescent Energy closed its all-stock acquisition of Vital Energy in late 2025, creating a top ten liquids-weighted independent E&P company with enhanced scale and free cash flow generation. The combined company will be led by a management team and board with deep operating and investing expertise, well-positioned to drive long-term growth and value creation. Under […]
Ovintiv (NYSE: OVV) (TSX: OVV) completed its acquisition of all of the common shares of NuVista Energy Ltd. (TSX: NVA) in a cash and stock transaction valued at $2.7 billion. The acquisition is expected to add approximately 930 net 10,000-foot equivalent well locations, and approximately 140,000 net acres (approximately 70% undeveloped) in the core of […]
Harbour Energy completed the acquisition of LLOG Exploration Co. for $3.2 billion, marking the company's strategic entry into the U.S. Gulf of Mexico offshore oil and gas market. The transaction comprised $2.7 billion in cash and $0.5 billion in Harbour shares, strengthening Harbour's global upstream portfolio and establishing a new core business unit alongside its […]
EOG Resources agreed to acquire Encino Acquisition Partners (EAP) from affiliates of CPP Investments and Encino Energy in a transaction valued at $5.6 billion including net debt. The acquisition adds about 675,000 net acres in the Utica Shale in Ohio, expanding EOG's position in the basin to roughly 1.1 million net acres and strengthening its […]
Repsol and HitecVision's joint venture NEO NEXT Energy agreed to merge with TotalEnergies' U.K. upstream oil and gas business, forming a new company called NEO NEXT+. After completion, TotalEnergies will hold 47.5%, HitecVision 28.875%, and Repsol 23.625% of the combined entity, which is expected to become the largest independent oil and gas producer in the […]
Verdad Resources completed the sale of its operated oil and gas portfolio to Peoria Resources, a subsidiary of JAPEX (U.S.) Corp. in a transaction valued at about $1.26 billion. The deal includes Verdad's exploration and production assets in the Denver-Julesburg Basin, comprising roughly 101,000 net acres across Colorado and Wyoming focused on the Niobrara and […]
U.S. Energy Development Corp. (USEDC) acquired an oil and gas asset in the Permian Basin for about $390 million, adding roughly 20,000 net acres in Reeves and Ward counties, Texas. The company also increased its syndicated revolving credit facility led by Citibank from $165 million to $300 million to support the acquisition and future growth.
ConocoPhillips agreed to sell its interests in the Ursa and Europa fields and its stake in Ursa Oil Pipeline to subsidiaries of Shell for $735 million, as part of its strategy to divest non-core assets. The deal includes a 15.96% interest in the Ursa field, a 1% interest in the Europa field, and an overriding […]
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 […]