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Permian Set for M&A Frenzy as Cash-Rich Producers Seek to Boost Reserves


These translations are done via Google Translate

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:

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Target
Acquirer
Deal type
Deal value (in USD)
Status
Ranger Oil Corp
Baytex Energy Corp
M&A
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
M&A
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
M&A
475 mln
Completed
Forge Energy II Delaware
Vital Energy and Northern Oil & Gas Inc
Asset acquisition
540 mln
Completed
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
M&A
120.46 mln
Pending
Earthstone Energy Inc
Black Mountain Energy Ltd
Asset acquisition
5 mln
Pending
Chord Energy
BCP Resources
Asset acquisition
NA
Completed
Delaware Basin Resources
VTX Energy Partners LLC
Asset acquisition
NA
Completed
Cox Operating LLC
Arena Energy LLC
Asset acquisition
NA
Completed
Undisclosed private seller
Elk Range Royalties Lp
Asset acquisition
NA
Unknown
Tower Rock Oil & Gas
Elk Range Royalties Lp
Asset acquisition
NA
Completed
Swordfish Energy Holdings LLC
Pearl Energy Investments
Investment
NA
Completed
Novo Oil & Gas Holdings
Earthstone Energy
M&A
1.5 bln
Completed
Earthstone Energy
Permian Resources
M&A
4.5 bln
Pending
Warwick Capital Partners and GRP Energy Capital
Viper Energy Partners
Asset acquisition
1 bln
Pending
NGP Energy Capital Management
Civitas Resources
M&A
4.7 bln
Pending
Henry Energy and Henry Resources, Tall City Property Holdings III and Maple Energy Holdings
Vital Energy
Asset acquisition
1.17 bln
Pending
Vencer Energy
Civitas Resources
Asset acquisition
2.1 bln
Pending

Reporting by Mrinalika Roy and Tanay Dhumal in Bengaluru; Editing by Sriraj Kalluvila, Vinay Dwivedi and Shinjini Ganguli



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