Mergers & Acquisitions News
Latest mergers & acquisitions coverage from Oil Authority and industry sources
Oil Authority Analysis70 articles
Headwater Posts Record 25,555 boe/d as Nov. 18 Votes Near on C$10 Billion Tamarack Merger
Headwater held 25,555 boe/d, no bank debt and a C$28.5 million Q3 dividend, and Tamarack holders vote the same morning on a 66.5% ownership split.
Tidewater Midstream Offers 0.88 Share for Each Tidewater Renewables Share, Valuing Minority Stake at C$261 Million
Tidewater Renewables lifted 2026 EBITDA guidance to C$165 million to C$175 million as Midstream's all-share offer heads to a Dec. 14 shareholder vote.
Freehold Royalties buys 3% Duvernay royalty from Refraction Energy for up to C$65 million
Freehold finished the third quarter with net debt of C$234 million and will pay C$20 million at closing, with the rest of the C$65 million due later.
Strathcona Resources to Buy Greenfire for C$2.7 Billion to C$2.9 Billion, Adding 850 Million Barrels of Reserves
Waterous Energy Fund owns 72% of Greenfire and 57% of Strathcona, so minority holders get a separate vote on the C$11.00 cash or 0.25-share offer.
Cenovus Energy Passes 1 Million BOE Per Day in Q3 as C$5.7 Billion Athabasca Deal Heads to Nov. 27 Vote
Cenovus Energy produced 1.02 million BOE per day in Q3 and returned C$1.9 billion to shareholders as its C$5.7 billion Athabasca Oil deal nears a vote.
Ovintiv to Buy Logan Energy for C$1.26 Billion, Adding 266,000 Net Montney Acres and 20,000 boe/d
Ovintiv agreed to buy Logan Energy for C$1.40 per share, adding 266,000 net Montney acres and 20,000 boe/d of output at about C$63,000 per flowing barrel.
CVR Energy to Buy Marathon's St. Paul Park and Mandan Refineries for $4.2 Billion, Nearly Doubling Throughput
CVR Energy agreed to buy Marathon's St. Paul Park and Mandan refineries for $4.2 billion, lifting its capacity to 384,000 bpd with $800 million from Trafigura.
Shell Sells 16.67% North West Shelf LNG Stake to ADNOC's XRG for $1.45 Billion After Adding Canada's ARC Resources
Shell agreed to sell its 16.67% North West Shelf stake to XRG for $1.45 billion, weeks after closing its US$14 billion purchase of Canada's ARC Resources.
Tamarack and Headwater Merger Values Clearwater at C$125,000 Per Flowing Barrel, Within 1.3% of Cenovus-Athabasca
Tamarack Valley and Headwater's C$10 billion all-stock deal implies C$125,000 per flowing barrel, close to the C$126,667 in Cenovus's Athabasca agreement.
Devon Energy Agrees to Sell Eagle Ford Assets to Crescent Energy for $4.2 Billion in Cash
Devon Energy agreed to sell about 90,000 net acres in the Eagle Ford to Crescent Energy for $4.2 billion in cash, exiting the basin to focus on the Delaware.
Hess Midstream Buys Chevron's DJ Basin Assets and General Partner Stake in Deal That Includes $200 Million in Cash
Hess Midstream will buy Chevron's DJ Basin midstream assets and its stake and general partner interest for $200 million in cash and reset Bakken contracts.
Cenovus Energy Agrees to Acquire Athabasca Oil at C$12.00 Per Share in C$5.7 Billion Deal
Cenovus Energy agreed to acquire Athabasca Oil at C$12.00 per share, a C$5.7 billion enterprise value, adding about 45,000 boe per day in northern Alberta.
Centalion Group Acquires Silver Hill's 300 MMcfd Haynesville Natural Gas Position
Centalion Group acquired Silver Hill Energy Partners' Haynesville position with about 300 MMcfd of net production and 72,000 net acres in Texas and Louisiana.
Tamarack Valley and Headwater Exploration Merge in C$10 Billion All-Stock Clearwater Deal
Tamarack Valley Energy and Headwater Exploration agreed to a C$10 billion all-stock merger, creating a Clearwater producer with more than 80,000 boe per day.
California Resources Sells $90M Uinta Basin Assets After Berry Corp Merger, Funding Crimson Midstream Acquisition
CRC's $90M Uinta Basin sale from the Berry Corp merger nets $27M after the $63M Crimson Midstream buy, completing a California-only strategy.
Diversified Energy's $1.8 Billion Birch Permian Buy From Elliott Transforms Four-Basin US Operator
Diversified Energy pays $1.8B for Elliott Investment Management's Birch Permian unit, adding 68,000 boe/d and vaulting its Permian EBITDA from $64M to $612M.
Shell Completes US$16.5 Billion ARC Resources Acquisition, Adding 390,000 boe/d of Montney Gas Tied to LNG Canada
Shell closes its US$16.5B ARC Resources deal, adding 390,000 boe/d from 1.94 million Montney net acres that anchor the case for LNG Canada Phase 2.
Continental Resources Acquires Quantum Capital-Backed FireBird Energy II, Adding 32,000 Boe Per Day in Midland Basin
Continental Resources, the world's largest private oil producer, buys FireBird Energy II from Quantum Capital, adding 32,000 boepd in the Midland Basin.
Four Bidders Circle Shell's $8 Billion US Chemicals Business as ExxonMobil Eyes Gulf Coast Expansion
Shell's four-facility US chemicals division drew bids from ExxonMobil, LyondellBasell, Apollo, and Kuwait Petroleum at an estimated $8 billion valuation.
Continental Resources Acquires FireBird Energy II, Adding 32,000 Boed and 54,000 Net Midland Basin Acres
Harold Hamm's Continental Resources acquires FireBird Energy II from Quantum Capital, adding 32,000 boed to its Midland Basin Permian position.
ADNOC Logistics and Services Buys 11 Crude and Gas Carriers for $1.3 Billion as Parent Documents 15 Vessel Attacks in Hormuz Zone
ADNOC Logistics paid $1.3 billion for 11 tankers as its parent ADNOC reported 15 vessel attacks since Hormuz disruptions began threatening UAE crude exports.
ConocoPhillips Acquires 42% of BP Kirkuk Joint Venture to Access 3 Billion Barrels in Iraq Redevelopment
ConocoPhillips is acquiring a 42% stake in BP's Kirkuk joint venture, gaining exposure to 3 billion barrels across four producing oil fields in northern Iraq.
BP Formally Markets Five North Sea Production Hubs Generating 117,000 Boe Per Day at Rystad Estimate of $2.6 Billion
BP formally launched sale of its five North Sea hubs producing 117,000 boe per day, eyeing $2.6B, as CEO O'Neill targets $20B in asset divestitures by 2027.
BP Completes Sale of 265,000-Barrel-per-Day Gelsenkirchen Refinery to Klesch Group, Cutting $1 Billion in Annual Operating Costs
BP sold its 265,000-bpd Gelsenkirchen refinery to Klesch Group, cutting $1 billion in annual operating costs. BP now operates just five refineries globally.
Shell Exits Cyprus Aphrodite Gas Project in $720 Million Sale to MOL Group
Shell is selling its 35% stake in the Aphrodite gas field off Cyprus to Hungary's MOL Group for up to $720 million, as it concentrates on integrated LNG.
Shell Q2 Adjusted Earnings Rise 128 Percent to $9.8 Billion as ARC Resources Montney Deal Nears Close
Shell's Q2 adjusted earnings hit $9.8 billion, up 128%, as the US$16.4 billion ARC Resources deal heads to close, adding 374,000 boe/d of Montney production.
BP Launches North Sea Sale Process as Last Supermajor With Standalone UK Operations, Brent at $87.93
BP put its entire North Sea oil business up for sale July 31, the last supermajor to divest UK operations as Brent crude closed at $87.93 per barrel.
Shell Sells Cyprus Aphrodite Stake to MOL Group for $720 Million, Pricing Undeveloped Gas at $0.29 Per Mcf
Shell sold BG Cyprus Ltd to MOL Group for $720M, implying $0.29 per Mcf on Aphrodite's 7 Tcf reserves as MOL extends its Eastern Mediterranean strategy.
SoftVest and Blackbeard Propose $2.24 Billion Merger Converting Permian Basin Royalty Trust Into Public Land Company
SoftVest and Blackbeard file to merge Permian Basin Royalty Trust into PBT Land and Minerals, valued at $2.24 billion with 111,000 net royalty acres.
ConocoPhillips Takes 42% Kirkuk Stake From BP as 3 Billion BOE Targets Pipeline-Linked Growth in Northern Iraq
ConocoPhillips took 42% of BP's Kirkuk contract covering 3 billion BOE across four Iraqi fields, betting on the long-stalled Iraq-Turkey Pipeline restart.
Devon Energy Explores $4 Billion Sale of Eagle Ford and Powder River Assets to Sharpen Permian Focus After Coterra Merger
Devon Energy is exploring a $4 billion sale of Eagle Ford and Powder River Basin assets as the post-Coterra company sharpens its Permian Basin focus.
Vitol Sells VTX Energy Partners to Verde Operating in Delaware Basin Exit Valued at $2.3 Billion
Vitol exits its second US shale producer in two years, selling VTX Energy's 60,000-boe/d Delaware Basin assets to a consortium backed by EnCap and Carnelian.
Matador Resources Acquires Paloma Permian for $1.275 Billion to Build 240,000-Acre Delaware Basin Position as EnCap Exits Two Assets
Matador Resources pays $1.275 billion for Paloma Permian's 16,235 Delaware Basin acres, with an EnCap dual exit and a Woodford well hitting 2,200 BOE/day.
Magnolia Oil & Gas Pays $4.06 Billion for Warburg Pincus-Backed WildFire Energy, Doubling Giddings Acreage in South Texas
Magnolia Oil & Gas paid $4.06 billion for Warburg Pincus-backed WildFire Energy, valuing 53,000 Boe/d of Giddings production at $76,604 per flowing barrel.
Greenfire Resources Acquires Connacher Oil for C$1.28 Billion, Doubling Production to 34,000 Bbl per Day
Greenfire Resources bets C$1.28B on Alberta oil sands, combining 850 MMBbl in 2P reserves as Waterous Energy Fund backstops the C$575M rights offering.
Baker Hughes Closes $13.6 Billion Chart Industries Acquisition, Adding Third Operating Segment
Baker Hughes sealed its $13.6 billion Chart Industries deal on July 16, adding a third segment and targeting $325 million in annual cost synergies by 2029.
ConocoPhillips Returns to Iraq With 42 Percent Stake in BP Kirkuk Subsidiary as Brent Tops $88
ConocoPhillips returns to Iraq with a 42% stake in BP's Kirkuk unit, gaining 1.26 billion barrels of resources as WTI surges 4.4% to $81.77 Friday.
Baker Hughes Closes Chart Industries Deal, Creating Third Business Segment with $325 Million Synergy Target
Baker Hughes closed its Chart Industries acquisition Thursday, adding $4.3 billion in revenue and targeting $325 million in annual synergies by year three.
ARC Resources Shareholders Approve Shell Deal at 99.54 Percent, Connecting C$22 Billion Montney Gas Portfolio to LNG Canada
ARC shareholders voted 99.54% for Shell's C$22 billion Montney deal on July 14, linking Canada's largest pure-play Montney producer to LNG Canada.
Marubeni Closes EagleRidge Energy Acquisition and Exits Big Foot Gulf of Mexico in US Portfolio Rotation
Marubeni bought Barnett Shale gas producer EagleRidge Energy while selling its Big Foot Gulf of Mexico stake, rotating from offshore oil to onshore US gas.
Ovintiv Traded 360,000 Oklahoma Acres for 140,000 Montney Acres and Netted $300 Million in the Exchange
Ovintiv closed its $3 billion Anadarko sale in April, netting $300 million after its $2.7 billion NuVista deal and swapping Oklahoma shale for Montney.
Viper Energy Closes $488 Million Riverbend Permian Royalty Acquisition as Diamondback Deepens Mineral Position
Viper Energy closed $488M in Riverbend Permian royalty interests on July 1, deepening Diamondback's mineral position as WTI settles at $68.78 per barrel.
ADNOC Unit XRG Buys Rio Grande LNG Trains 4 and 5 Equity from BlackRock's GIP
ADNOC subsidiary XRG bought a 7.6% stake in Rio Grande LNG's expansion trains from BlackRock's GIP unit, giving the Abu Dhabi firm equity in all five trains.
TotalEnergies Sells 8.5% Marjoram Gas Stake to Inpex for $350 Million in Malaysia Portfolio Reset
TotalEnergies divests 8.5% Marjoram gas stake to Inpex for $350M, implying $4.1B block value, as Japan's upstream giant locks in Sarawak supply.
TotalEnergies Sells 8.5% Marjoram Gas Stake to INPEX for $350 Million, Shifting Malaysia to Operated Assets
TotalEnergies divests its non-operated 8.5% Marjoram stake to Japan's INPEX for $350 million, implying a $4.1 billion field valuation in Sarawak.
TotalEnergies Divests Marjoram Gas Field Minority Stake in Malaysia to INPEX for $350 Million
TotalEnergies exits its minority non-operated Marjoram gas field stake in Malaysia to Japan's INPEX for $350 million in an asset realignment.
Shell Offshore Divests Coulomb Field and Na Kika Interests to Talos Energy and Ridgewood for $1.7 Billion
Shell Offshore sells Coulomb and Na Kika deepwater assets to Talos Energy and Ridgewood for $1.7 billion as Shell pivots toward Canadian Montney gas.
Shell Moves CAD $22 Billion Montney Bid to ARC Resources Shareholder Vote as Groundbirch Gas Anchors LNG Canada Supply
Shell acquires ARC Resources for CAD $22 billion, adding 374,000 boe/day of Montney production. Shareholders vote in mid-July for H2 2026 close.
Eni and Mercuria Form 50:50 Global Energy Trading Venture in Geneva, Covering Oil, LNG and Gas from 2027
Eni and Mercuria sign a 50:50 Geneva joint venture to trade oil, LNG, gas and biofuels globally, marking a 2027 launch pending regulatory clearance.
Williams Companies Nears $5.5 Billion Acquisition of Momentum Midstream, Adding 4,000 Miles of Haynesville-to-Gulf Pipeline
Williams nears $5.5B deal for Momentum Midstream, gaining 4,000 miles of Haynesville-linked pipeline serving 10 LNG export facilities on the Gulf Coast.