Energy mergers, acquisitions and investments galore: which companies are making big moves in the Permian Basin?
After working for several years to strike a deal, Camber Energy and Viking Energy reached a new agreement to merge. Under an amended agreement, Viking will become a wholly-owned subsidiary of Camber.
FireBird Energy II nabbed over $500 million to pursue Permian deals. Backed by private equity firm Quantum Energy Partners, the E&P company is targeting acquisitions in the Permian’s Midland Basin – much like its predecessor, FireBird I, which was acquired by Diamondback Energy just last year.
Private equity firm NGP continues to back Wing Resources on mineral and royalty deals. Wing secured another $100 million from NGP for a seventh partnership and plans to continue focusing on mineral and royalty acquisitions in the Permian Basin.
Tune in next week for your A&D Minute with Hart Energy Live, powered by the SUPER DUG Conference and Exhibition May 22 through the 24 in Fort Worth. Be the first to watch new episodes every Wednesday with our A&D Watch newsletter. Sign up at hartenergy.com/deals.
Recommended Reading
Ithaca Energy to Buy Eni's UK Assets in $938MM North Sea Deal
2024-04-23 - Eni, one of Italy's biggest energy companies, will transfer its U.K. business in exchange for 38.5% of Ithaca's share capital, while the existing Ithaca Energy shareholders will own the remaining 61.5% of the combined group.
EIG’s MidOcean Closes Purchase of 20% Stake in Peru LNG
2024-04-23 - MidOcean Energy’s deal for SK Earthon’s Peru LNG follows a March deal to purchase Tokyo Gas’ LNG interests in Australia.
TotalEnergies to Acquire Remaining 50% of SapuraOMV
2024-04-22 - TotalEnergies is acquiring the remaining 50% interest of upstream gas operator SapuraOMV, bringing the French company's tab to more than $1.4 billion.
TotalEnergies Cements Oman Partnership with Marsa LNG Project
2024-04-22 - Marsa LNG is expected to start production by first quarter 2028 with TotalEnergies holding 80% interest in the project and Oman National Oil Co. holding 20%.
Is Double Eagle IV the Most Coveted PE-backed Permian E&P Left?
2024-04-22 - Double Eagle IV is quietly adding leases and drilling new oil wells in core parts of the Midland Basin. After a historic run of corporate consolidation, is it the most attractive private equity-backed E&P still standing in the Permian Basin?