Mergers

Public Capital , Shale Plays , Mergers

Whiting, Oasis Petroleum Become Chord Energy as Merger Closes

The new company, Chord Energy based in Houston, has a premier Williston Basin position with top tier assets across approximately 972,000 net acres and a pledge to return 60% of its free cash flow to shareholders.

July 1, 2022

Acquisitions & Divestitures , Trends , Mergers

Energy A&D Transactions from the Week of June 29, 2022

Here’s a snapshot of recent energy deals including another acquisition by Earthstone Energy for the Permian Basin New Mexico assets of Titus Oil & Gas for $627 million.

June 29, 2022

Acquisitions & Divestitures , Trends , Mergers

Oil and Gas M&A Set to Rebound After Slow Start

Worries over the U.S. economic outlook and geopolitical unrest, particularly the Russian-Ukrainian war, slowed oil and gas deal activity in the first half of 2022, PwC said.

June 23, 2022

Shale Plays , Pressure Pumping , Mergers

ProFrac to Acquire U.S. Well Services in Stock-for-stock Transaction

The combination of U.S. Well Services with ProFrac is expected to be the largest provider of electric frac services with 12 electric fleets, creating a market leader in NextGen frac solutions.

June 22, 2022

Acquisitions & Divestitures , Trends , Mergers

Energy A&D Transactions from the Week of June 22, 2022

Here’s a snapshot of recent energy deals including Targa Resources’ $3.55 billion cash acquisition of Lucid Energy Group in the Permian Basin.

June 22, 2022

Shale Plays , Mergers , Midstream

Targa Resources to Acquire Lucid Energy in $3.55 Billion Cash Deal

Targa Resources’ acquisition of Lucid Energy in the Permian Basin from Riverstone Holdings and Goldman Sachs follows the company’s $200 million bolt-on of Southcross Energy earlier this year.

June 16, 2022

Acquisitions & Divestitures , Trends , Mergers

Energy A&D Transactions from the Week of June 15, 2022

Here’s a snapshot of recent energy deals including Devon Energy’s $856 million bolt-on acquisition of RimRock Oil and Gas in the Bakken plus BP’s exit from the Canadian oil sands.

June 15, 2022

Business , Shale Plays , Mergers

Devon Energy Acquires RimRock Oil and Gas in $865 Million Bolt-on

Devon Energy agreed to acquire the leasehold interest and related assets of RimRock Oil and Gas, a Warburg Pincus portfolio company focused in the Williston Basin.

June 8, 2022

Acquisitions & Divestitures , Trends , Mergers

Energy A&D Transactions from the Week of June 8, 2022

Here’s a snapshot of recent energy deals including a $170 million Williston Basin bolt-on and Intrepid-backed Rio Grande E&P finds an exit.

June 8, 2022

Public Capital , Shale Plays , Mergers

Desert Peak, Falcon Close Merger Forming Sitio Royalties

Desert Peak—the largest independent Permian Basin pure-play mineral and royalty company—completed its all-stock merger with Falcon Minerals with the combined company based in Denver rebranding as Sitio Royalties.

June 7, 2022