CDN NEWS | 
US NEWS 
(Reuters) – Dealmaking is picking up in the Permian basin, the largest U.S. oil patch, as drillers look to quickly rebuild their depleting assets.
Permian is a prime target for producers looking to increase their inventory. The shale patch, which lies between Texas and New Mexico, has the necessary infrastructure and is known for high productivity and large undeveloped reserves.
Below is a list of Permian Basin deals signed since the start of 2023:
|
Target
|
Acquirer
|
Deal type
|
Deal value (in USD)
|
Status
|
|
Ranger Oil Corp
|
Baytex Energy Corp
|
Corporate
|
2.5 bln
|
Pending
|
|
Black Swan Oil & Gas, Piedra Resources and PetroLegacy II
|
Ovintiv Inc
|
Asset acquisition
|
~4.3 bln
|
Pending
|
|
Advance Energy Partners Holdings LLC
|
Matador Resources Co
|
Corporate
|
1.6 bln
|
Completed
|
|
Chesapeake Energy Corp
|
WildFire Energy
|
Asset acquisition
|
1.43 bln
|
Pending
|
|
Chesapeake Energy Corp
|
INEOS
|
Asset acquisition
|
1.4 bln
|
Completed
|
|
Percussion Petroleum Operating II
|
Callon Petroleum Co
|
Corporate
|
475 mln
|
Pending
|
|
Forge Energy II Delaware
|
Vital Energy and Northern Oil & Gas Inc
|
Asset acquisition
|
540 mln
|
Pending
|
|
XTO Energy Inc & affiliates
|
Chord Energy
|
Asset acquisition
|
375 mln
|
Pending
|
|
Diamondback Energy
|
Undisclosed
|
Asset acquisition
|
439 mln
|
Completed
|
|
Pecos Oil & Gas
|
Riley Exploration Permian
|
Asset acquisition
|
330 mln
|
Completed
|
|
Tanos Energy Holdings II LLC
|
Diversified Energy Co
|
Asset & infrastructure acquisition
|
~250 mln
|
Completed
|
|
Driftwood Energy Operating LLC
|
Vital Energy
|
Asset acquisition
|
214.52 mln
|
Pending
|
|
Pogo Resources LLC
|
HNR Acquisition Corp
|
Corporate
|
120.46 mln
|
Pending
|
|
Earthstone Energy Inc
|
Black Mountain Energy Ltd
|
Asset acquisition
|
5 mln
|
Pending
|
|
Delaware Basin Resources
|
VTX Energy Partners LLC
|
Asset acquisition
|
NA
|
Completed
|
|
Cox Operating LLC
|
Arena Energy LLC
|
Asset acquisition
|
NA
|
|
|
Undisclosed private seller
|
Elk Range Royalties Lp
|
Asset acquisition
|
NA
|
|
|
Tower Rock Oil & Gas
|
Elk Range Royalties Lp
|
Asset acquisition
|
NA
|
|
|
Swordfish Energy Holdings LLC
|
Pearl Energy Investments
|
Investment
|
NA
|
Reporting by Mrinalika Roy in Bengaluru; Editing by Sriraj Kalluvila
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