Mergers

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

Exploration & Production , Mergers

Tullow Oil to Buy Capricorn Energy in $827 Million All-share Deal

Investors in Capricorn, formerly known as Cairn Energy, will receive 3.8068 Tullow shares for each share they hold, the companies said on June 1.

June 1, 2022

Acquisitions & Divestitures , Trends , Mergers

Energy A&D Transactions from the Week of May 25, 2022

Here’s a snapshot of recent energy deals including the combination of Colgate Energy and Centennial Resource Development in a $7 billion “merger of equals” transaction plus Exxon Mobil’s exit from the Barnett.

May 25, 2022

Business , Shale Plays , Mergers

Centennial, Colgate Energy’s $4 Billion Betrothal a Suitable Match

Analysts consider the deal, which addresses Centennial’s inventory concerns while also sparing Colgate Energy from a potentially uphill IPO climb, as a sign of things to come in the Permian Basin.

May 23, 2022

Mergers

Woodside Shareholders Approve BHP Petroleum Merger

An overwhelming majority of Woodside Petroleum shareholders voted in favor of a merger with BHP Group's petroleum arm, which would create a top 1- global oil and gas producer, but were disappointed that the company's lack of goals for addressing Scope 3 emissions.

May 19, 2022

Exploration & Production , Shale Plays , Mergers

PDC Energy Completes $1.3 Billion Great Western Petroleum Acquisition

In addition, PDC Energy said May 6 it paid off the Great Western Petroleum secured credit facility totaling $235 million and $312 million in principal amount of Great Western’s 12% senior secured notes due 2025.

May 9, 2022

Acquisitions & Divestitures , Trends , Mergers

Energy A&D Transactions from the Week of May 4, 2022

Here’s a snapshot of recent energy deals including HighPeak Energy’s acquisition of Hannathon Permian properties for about $373.4 million plus Chevron’s agreement to acquire a stake in Talos Energy’s proposed Texas carbon capture plant.

May 4, 2022

Acquisitions & Divestitures , Trends , Mergers

Energy A&D Transactions from the Week of April 27, 2022

Here’s a snapshot of recent energy deals including the closing of Targa’s $200 million acquisition of Southcross Energy plus Diversified Energy’s East Texas expansion.

April 27, 2022