Laredo Petroleum Acquires Sabalo Energy Assets for $715M

Presidio Petroleum Acquires Oil and Gas Assets from Templar Energy

August 6, 2020

Oil & Gas

Presidio Investment Holdings LLC (Presidio Petroleum), a portfolio company majority-owned by Morgan Stanley Energy Partners, completed the acquisition of substantially all oil and natural gas producing properties of Templar Energy LLC and certain affiliates in the Anadarko Basin. The transaction expands Presidio’s operations from the western Anadarko Basin into the STACK play of central Oklahoma and represents an add-on to the company’s existing portfolio following MSEP's investment.

Talos Energy Acquires QuarterNorth Energy for $1.29 Billion

March 4, 2024

Oil & Gas

Talos Energy Inc. (NYSE: TALO) agreed to acquire QuarterNorth Energy Inc., a privately held deepwater Gulf of Mexico exploration and production company, for $1.29 billion in cash and stock. The acquisition adds ~30 MBoe/d of production and ~69 MMBoe of proved reserves, is expected to be immediately accretive to key metrics, generate ~$50 million of annual synergies, and strengthen Talos's balance sheet.

Talos Energy Acquires EnVen Energy Corporation

February 13, 2023

Energy

Talos Energy Inc. completed its previously announced acquisition of EnVen Energy Corporation, adding oil-weighted deepwater Gulf of Mexico assets, operated infrastructure and overlapping acreage to Talos’s portfolio. The deal increases Talos’s scale and free cash flow generation potential and includes board changes tied to EnVen leadership; Talos expects to provide combined-company guidance with its next earnings release.

Keystone Capital Acquires Lane Power & Energy Solutions, Inc.

October 1, 2019

Oil & Gas

Keystone Capital has completed the acquisition of Lane Power & Energy Solutions, Inc. (LPES), a Houston-based provider of underground hydrocarbon storage and turnkey EPC services for petrochemical, midstream and government customers. Keystone said it will partner with LPES management to expand capabilities, broaden service offerings and grow organically and via targeted acquisitions; transaction terms were not disclosed.

Select Energy Services Acquires Agua Libre Midstream and Water Assets from Basic Energy Services

October 12, 2021

Oil & Gas

Select Energy Services, an SCF Partners portfolio company, acquired substantially all assets of Agua Libre Midstream, LLC and certain water-related assets and operations of Basic Energy Services, L.P. The deal adds more than 550,000 barrels per day of permitted disposal capacity across Texas, New Mexico, Oklahoma and North Dakota—roughly doubling Select’s produced-water disposal footprint to about 2 million barrels per day—and is an add-on to its water infrastructure platform.

Targa Resources Acquires Lucid Energy for $3.55B

July 29, 2022

Energy

Targa Resources Corp. completed the $3.55 billion acquisition of Lucid Energy Delaware, LLC, adding approximately 1,050 miles of gas gathering pipelines and ~1.4 Bcf/d of cryogenic gas processing capacity concentrated in the Delaware Basin. The deal, purchased from a group of private-equity and infrastructure investors led by Riverstone and Goldman Sachs Asset Management (and related funds), expands Targa's Permian Basin footprint and anchored volumes under long-term contracts.