Professional M&A intelligence for the energy transition
Oasis Petroleum and Whiting Petroleum completed their merger to form Chord Energy, a Williston Basin-focused independent E&P company with combined production of ~170,000 BOE/d.
Crescent Energy Company (NYSE: CRGY) acquired SilverBow in a transaction valued at $2.1 billion. The combined company will be the second-largest operator in the Eagle Ford.
ExxonMobil closed its $59.5B all-stock acquisition of Pioneer Natural Resources, more than doubling its Permian Basin footprint to 1.4M net acres with estimated 16B barrels of resource.
Diamondback Energy merged with privately held Endeavor Energy Resources in a $26B cash-and-stock transaction ($8B cash + 117.3M FANG shares), creating a premier Permian Basin independent operator with ~838,000 net acres and 816 MBOE/d of production, making it the third-largest Permian producer.
Vista Energy, S.A.B. de C.V. subsidiary Vista Energy Argentina S.A.U acquired 100% of the capital stock of Petronas E&P Argentina S.A., which holds a 50% working interest in La Amarga Chica unconventional concession, located in Vaca Muerta, Argentina, from Petronas Carigali Canada B.V. and Petronas Carigali International E&P B.V.
Bonanza Creek Energy and Extraction Oil & Gas announced the closing of their merger and subsequent acquisition of Crestone Peak Resources. The combined company has now formally been rebranded Civitas Resources. The combined company will operate across approximately 425,000 net acres, with a production base of 117 thousand barrels of oil equivalent per day.
Baytex Energy closed its acquisition of Ranger Oil Corp. for around $2.5 billion, which included net debt of approximately US$650 million.
Tokyo Gas America Ltd., a subsidiary of Tokyo Gas, decided to acquire all shares of Rockcliff Energy II, a portfolio company of Quantum Energy Partners, through its ownership interest in TG Natural Resources.
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 […]
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 […]