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Copper Tip Energy Services
Hazloc Heaters
Copper Tip Energy
Hazloc Heaters


U.S. Energy Sector Consolidation Extends into 2024


These translations are done via Google Translate
(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.
Reuters Graphics
Reuters Graphics
Reuters Graphics
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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