Merger

Chesapeake, Southwestern Merger Signals ‘Emerging Confidence’ in Natural Gas Prices

Chesapeake, Southwestern Merger Signals ‘Emerging Confidence’ in Natural Gas Prices

Merging the Lower 48 portfolios of Chesapeake Energy Corp. and Southwestern Energy Co. is set to create the largest natural gas pure-play in the United States, becoming a “must-own” company with the resources to redefine the global energy reach of independent producers. The $7.4 billion combination announced on Thursday was expected, as the tie-up has…

January 12, 2024
APA Joining E&P Merger Parade with Takeover of Permian-Focused Callon

APA Joining E&P Merger Parade with Takeover of Permian-Focused Callon

Houston’s APA Corp., which in recent years has pursued overseas oil and gas prospects, is storming back to the Permian Basin with a $4.5 billion all-stock takeover of Callon Petroleum Co. APA, long a Permian exploration and production (E&P) stalwart, already has a broad portfolio in the Midland and Delaware formations. In the Delaware, where…

January 4, 2024
Permian Resources, Earthstone Tie-Up Creating Giant E&P Footprint in New Mexico Delaware

Permian Resources, Earthstone Tie-Up Creating Giant E&P Footprint in New Mexico Delaware

Permian Resources Corp. and Earthstone Energy, Inc. on Monday agreed to combine in a $4.5 billion transaction to create a Delaware sub-basin exploration and production (E&P) independent with 400,000-plus net acres and pro forma natural gas and oil output of 300,000 boe/d. Permian Resources was formed last year in a $7 billion merger between Centennial…

August 21, 2023
With $1.1B EnVen Takeover, Talos Positions for ‘More Competitive’ CCS Business

With $1.1B EnVen Takeover, Talos Positions for ‘More Competitive’ CCS Business

Talos Energy Inc. has completed its merger with EnVen Energy Corp., expanding its Gulf of Mexico (GOM) footprint and positioning the independent to advance the growing carbon capture and sequestration (CCS) business.  After completing the sale, Talos reported it had an outstanding market capitalization of about $2.5 billion and more than 126 million shares of…

February 17, 2023
Sitio, Brigham Complete $4.8B Merger to Form U.S. Mineral, Royalties Giant

Sitio, Brigham Complete $4.8B Merger to Form U.S. Mineral, Royalties Giant

Minerals firm Sitio Royalties Corp. closed the books on a successful merger with Brigham Minerals Inc., combining “two of the largest public companies in the mineral and royalty sector,” the companies said. The $4.8 billion all-stock transaction has added 15,000 boe/d of oil-weighted pro forma production to Denver-based Sitio’s portfolio, which now stands at about…

December 30, 2022
Crescent Energy Created in Merger by Lower 48 E&Ps Independence, Contango

Crescent Energy Created in Merger by Lower 48 E&Ps Independence, Contango

Texas-based exploration and production (E&P) firms Independence Energy LLC and Contango Oil & Gas Co. have created Crescent Energy Co. after completing an all-stock transaction. Houston-based Crescent, whose assets are across the Lower 48, had pro forma production of about 119,000 boe/d during 3Q2021. The Independence portfolio spanned the Eagle Ford Shale, Rockies, Permian Basin…

December 10, 2021
Energy Transfer Boosts Natural Gas, Oil Capacity with Enable Acquisition Completed

Energy Transfer Boosts Natural Gas, Oil Capacity with Enable Acquisition Completed

Dallas-based Energy Transfer LP owns and operates another 14,000 miles of natural gas and oil pipeline in Arkansas, Louisiana, Oklahoma and Texas after completing its merger earlier this month with Enable Midstream Partners LP. The $7.2 billion tie-up, first announced in February, strengthens the midstream and gas transportation systems in the Anadarko Basin in Oklahoma,…

December 8, 2021
Altus, EagleClaw Tie-Up to Control 2 Bcf of Natural Gas Transport from Permian to Gulf Coast

Altus, EagleClaw Tie-Up to Control 2 Bcf of Natural Gas Transport from Permian to Gulf Coast

Permian Basin-to-Gulf Coast pipeline giant Altus Midstream Co. has agreed to merge with fellow West Texas operator BCP Raptor Holdco LP in an estimated $9 billion transaction. The combination would operate 2 Bcf/day of cryogenic natural gas processing facilities in the Permian Delaware sub-basin of West Texas, with more than 850,000 acres under fee-based, long-term…

October 25, 2021
Plains All American, Oryx Tie-Up Designed to Boost Permian Connectivity, Reliability

Plains All American, Oryx Tie-Up Designed to Boost Permian Connectivity, Reliability

Focused on enhancing interconnectivity and efficiency, Permian Basin operators Plains All American Pipeline LP and Oryx Midstream Holdings LLC have agreed to merge in a transaction that would bring together 5,500 miles of oil and liquids pipeline systems. The joint venture (JV) would include all of Oryx’s Permian assets. With the exception of a Plains…

July 14, 2021
Bonanza, Extraction Combo Seeking to Become Colorado’s First Oil, Natural Gas Net-Zero Producer

Bonanza, Extraction Combo Seeking to Become Colorado’s First Oil, Natural Gas Net-Zero Producer

Setting up to be Colorado’s largest pure-play, Bonanza Creek Energy Inc. and Extraction Oil & Gas Inc. have agreed to merge in an all-stock transaction valued at around $2.6 billion. The combined exploration and production (E&P) company, to be called Civitas Resources Inc., would operate across roughly 425,000 net acres in the Denver-Julesburg (DJ) Basin.…

May 10, 2021
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