Professional M&A intelligence for the energy transition
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 […]
ConocoPhillips closed its $13 billion all-stock acquisition of Concho Resources in 2021, becoming the largest independent producer in the Permian Basin at the time. The combined company held approximately 700,000 net acres in the Permian. The deal was the largest U.S. shale acquisition since the COVID-19 pandemic-induced oil price crash and signaled a wave of […]
Pioneer Natural Resources completed its $7.6 billion all-stock acquisition of Parsley Energy in January 2021, consolidating its position as the largest pure-play Permian Basin operator.
Pioneer Natural Resources Company (NYSE:PXD) acquired the leasehold interests and related assets of DoublePoint Energy for about $6.4 billion in May 2021. The deal added 97,000 net acres in the Midland Basin.
Chesapeake Energy completed its $2.2 billion acquisition of Vine Energy in November 2021, consolidating its position in the Haynesville Shale. Vine is focused on the development of natural gas properties in the over-pressured stacked Haynesville and Mid-Bossier shale plays in Northwest Louisiana.
Chesapeake Energy completed its $2.6 billion acquisition of Chief E&D Holdings and Tug Hill's affiliate in March 2022. The deal added approximately 113,000 net acres in the Marcellus Shale's prolific northeastern Pennsylvania core area.
EQT Corporation completed its $5.2 billion acquisition of Quantum Energy Partners-backed Tug Hill's THQ Appalachia natural gas business and XcL Midstream's gathering system in December 2022. The deal added approximately 90,000 core net acres in West Virginia's Marcellus and Utica formations and 800 MMcfe/d of production. The combined entity strengthened EQT's position as the largest […]
Tokyo Gas, through its U.S. subsidiary TG Natural Resources, acquired Quantum Energy Partners-backed Rockcliff Energy II for $2.7 billion in cash in January 2024. The deal added approximately 109,000 net acres in the Haynesville Shale. The transaction was the largest U.S. natural gas-focused upstream deal of 2023 and reflected Japanese utility interest in securing equity […]
ExxonMobil completed its $64.5 billion all-stock acquisition of Pioneer Natural Resources, the largest pure-play Permian Basin producer. The combined company’s more than 1.4 million net acres in the Delaware and Midland basins have an estimated 16 billion barrels of oil equivalent resource. ExxonMobil’s Permian production volume will more than double to 1.3 million barrels of […]
Diamondback Energy completed its $26 billion cash-and-stock merger with privately held Endeavor Energy Resources in September 2024, creating the third-largest producer in the Permian Basin behind ExxonMobil and Chevron. The combined entity produces approximately 816,000 barrels of oil and gas equivalent per day across 838,000 net pro forma acres. Jefferies is serving as lead financial […]