Mergers, Acquisitions & Divestitures

Coterra Energy closes $3.9 billion deal in Permian basin

January 28, 2025

(World Oil) – Coterra Energy has completed its previously announced acquisitions consisting of certain assets of Franklin Mountain Energy and Avant Natural Resources and its affiliates for aggregate consideration of approximately $3.9 billion, subject to certain post-closing purchase price adjustments. “Through the hard work of Franklin Mountain Energy, Avant Natural Resources, and the Coterra team, we are pleased to have

Diversified expands asset base, density, and commodity mix with acquisition of liquids rich Maverick Natural Resources

January 27, 2025

(Oil & Gas 360) – Financial and Strategic Accretive Acquisition Provides Opportunity for 95% Increase in Revenue, Enhanced Margins, Expense Synergies, and 55% Increase in Free Cash Flow Unique & Differentiated Business Model Offers Reliable Production, Multi-Basin Commodity Diversification, and Strong Hedging Program that Enables Consistent Free Cash Flows Significant Operating Scale Provides Optionality for Organic Growth Through Established Low-Risk, High-Return

US energy mergers may slow in 2025 as deal sizes shrink, says Enverus

January 21, 2025

(Investing) – The pace of U.S. upstream public-to-public mergers could slow in 2025 from their recent average of five per year along with a fall in deal sizes, according to a report from energy analytics firm Enverus that was released on Tuesday. The consolidation trend in the U.S. energy sector, which triggered deals amounting to $250 billion in 2023, stretched into

Kimbell Royalty Partners completes $230 million Midland basin acquisition

January 20, 2025

(World Oil) – Kimbell Royalty Partners, LP has closed the previously announced purchase of mineral and royalty interests held by a private seller in a cash transaction valued at approximately $230 million, subject to post-closing adjustments. Kimbell owns oil and gas mineral and royalty interests in over 17 million gross acres in 28 states. The purchase price of the acquisition was funded through

Amplify Energy announces transformational combination with Juniper Capital’s upstream Rocky Mountain portfolio companies

January 15, 2025

(Oil & Gas 360) – HOUSTON, Jan. 15, 2025 (GLOBE NEWSWIRE) — Amplify Energy Corp. (NYSE: AMPY) (“Amplify,” the “Company,” “us,” or “our”) announced today that it has entered into a definitive merger agreement (the “Merger Agreement” and the transactions contemplated thereby, the “Transaction”) with privately held Juniper Capital (“Juniper”) to combine with certain Juniper portfolio companies which own substantial

Kinder Morgan announces acquisition of gas gathering & processing system in Bakken from Outrigger Energy II

January 13, 2025

(Oil & Gas 360) – $640 million purchase includes 270 MMcf/d processing plant and rich gas header system strategically located in Williston Basin, North Dakota HOUSTON, January 13, 2025–(BUSINESS WIRE)–Kinder Morgan, Inc. (NYSE: KMI) today announced that its subsidiary, Hiland Partners Holdings LLC, has agreed to purchase a natural gas gathering and processing system in North Dakota from Outrigger Energy II LLC

Constellation Energy to buy Calpine in blockbuster $16.4 billion U.S. power deal

January 10, 2025

(CNBC)– U.S. nuclear power provider Constellation Energy on Friday agreed to buy privately held natural gas and geothermal company Calpine Corp for $16.4 billion, marking one of the biggest acquisitions in the history of the U.S. power industry. The cash-and-stock deal comes at a time of rising electricity demand, driven by the proliferation of energy-guzzling AI data centers and the electrification of transportation

Phillips 66 to grow Permian midstream business with EPIC NGL acquisition

January 7, 2025

(Oil & Gas 360) – HOUSTON–(BUSINESS WIRE)– Phillips 66 (NYSE:PSX) announced today that it has entered into a definitive agreement to buy EPIC Y-Grade GP, LLC and EPIC Y-Grade, LP, which own various subsidiaries and long haul natural gas liquids pipelines, fractionation facilities and distribution systems (“EPIC NGL”) for total cash consideration of $2.2 billion, subject to customary purchase price adjustments. Upon

Diversified Energy announces strategic bolt-on acquisition of complementary producing & midstream assets in the Appalachian Basin

January 6, 2025

(Oil & Gas 360) – Production Economics Expected to Benefit from Diversified’s Regional Presence and Scale Acquisition Grows Coal Mine Methane Revenue Generation Potential BIRMINGHAM, AL / ACCESSWIRE / January 6, 2025 / Diversified Energy Company PLC (LSE:DEC)(NYSE:DEC) (“Diversified” or the “Company”) is pleased to announce the acquisition of operated natural gas properties and related facilities located within Virginia, West Virginia, and

Totalenergies, Vantage Drilling create new joint venture

January 2, 2025

(World Oil) – Vantage Drilling announced the creation of TEVA Ship Charter LLC (TEVA), a new JV entity with TotalEnergies, in line with the MOU terms described in previous announcements. Subsequent to the completion of the current Tungsten Explorer contract in Congo, TEVA will acquire the Tungsten Explorer from Vantage subject to customary sale and purchase conditions precedent. TotalEnergies, Vantage

Ecopetrol acquires Repsol’s onshore Colombia asset to increase production by 7,000 bopd

December 31, 2024

(World Oil) – Ecopetrol S.A. announces that they have successfully concluded negotiations with Repsol to acquire the remaining 45% of its stake in block CPO-09, located in the Meta department. With this transaction, Ecopetrol becomes the sole owner of this strategic asset in the Piedemonte Llanero. This block is located in the municipalities of Villavicencio, Acacías, Guamal, Castilla La Nueva,

Vermilion Energy Inc. announces strategic deep basin acquisition

December 23, 2024

(Oil & Gas 360) – CALGARY, AB, Dec. 23, 2024 /CNW/ – Vermilion Energy Inc. (“Vermilion”, or the “Company”) (TSX: VET) (NYSE: VET) is pleased to announce it has entered into an arrangement agreement (the “Arrangement Agreement”) to acquire Westbrick Energy Ltd. (“Westbrick”), a privately held oil and gas company operating in the Deep Basin, for total consideration of $1.075 billion by way of a plan

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