(Reuters) – The consolidation wave in the U.S. energy sector that triggered $250 billion worth of deals in 2023 has stretched into this year, as companies look for opportunities to deploy their cash hoard and boost their reserves.
The majority of energy executives polled in December by the Federal Reserve Bank of Dallas expected more oil deals worth $50 billion or higher to pop up in the next two years.

In 2023, some 39 private companies were acquired by public companies, Enverus data showed.
Below is a list of deals in the U.S. oil and gas sector so far this year:
Target
|
Acquirer
|
Deal value (in $)
|
Deal type
|
Closing date
|
Chord Energy
|
3.84 bln
|
Cash and stock
|
Mid 2024
|
|
Diamondback Energy
|
26 bln
|
Cash and stock
|
Q4, 2024
|
|
APA Corp
|
4.5 bln
|
All-stock
|
Q2, 2024
|
|
Chesapeake Energy
|
7.4 bln
|
All-stock
|
Q2, 2024
|
|
Talos Energy
|
1.29 bln
|
Cash and stock
|
End of Q1, 2024
|
|
Sunoco
|
7.3 bln
|
All-stock
|
Q2, 2024
|
|
California Resources
|
2.1 bln
|
All-stock
|
Second half, 2024
|
|
EQT Corp
|
5.5 bln
|
All-stock
|
Q4, 2024
|
|
SLB
|
7.8 bln
|
All-stock
|
End of 2024
|
|
Crescent Energy
|
2.1 bln
|
Cash and stock
|
End of Q3, 2024
|
|
Energy Transfer
|
3.25 bln
|
Cash and stock
|
Q3, 2024
|
|
ConocoPhillips
|
22.5 bln
|
All-stock
|
Q4, 2024
|
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