Talos Energy Acquires QuarterNorth Energy for $1.29 Billion

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.

Targa Resources Corp. Acquires Southcross Energy Operating LLC

April 21, 2022

Oil & Gas

Targa Resources Corp. has completed the acquisition of Southcross Energy Operating LLC and its subsidiaries, adding midstream assets located in South Texas to Targa’s portfolio. The deal expands Targa’s natural gas and NGL gathering, processing and transportation footprint in the Gulf Coast region.

Laredo Petroleum Acquires Sabalo Energy Assets for $715M

May 9, 2021

Oil & Gas

Laredo Petroleum (NYSE: LPI) signed a purchase and sale agreement to acquire the assets of Sabalo Energy, a portfolio company of EnCap Investments, for approximately $715 million in cash and stock. Concurrently, Laredo sold 37.5% of certain operated PDP reserves in its Legacy leasehold to an affiliate of Sixth Street Partners for $405 million to help fund the acquisition and deleverage the balance sheet.

NEO Energy Acquires UK North Sea Assets from Total

August 3, 2020

Energy

NEO Energy, with support from private equity firm HitecVision, acquired a portfolio of operated and non‑operated UK North Sea assets from Total Oil UK Ltd and Total E&P North Sea UK Ltd. The portfolio (including the Quad 15 and Flyndre clusters) averaged ~23,000 boepd in 2019, adds roughly 51 MMboe of reserves, and transfers an operator organisation of ~60–80 employees; the revised deal included vendor financing and earnout mechanisms and completed in mid‑2020.

TotalEnergies Acquires Core Solar LLC

April 27, 2022

Renewable Energy

TotalEnergies has acquired Austin-based Core Solar, LLC, adding more than 4 GW of utility-scale solar and energy storage projects across multiple U.S. states to its U.S. renewables portfolio. Core Solar’s CEO Greg Nelson and his employees will join TotalEnergies as the acquisition strengthens TotalEnergies’ U.S. pipeline and advances its renewable capacity goals.

NEO Energy Acquires ExxonMobil North Sea Asset Portfolio

February 24, 2021

Energy

NEO Energy, backed by HitecVision, has agreed to acquire a portfolio of 21 non-operated oil and gas assets in the Central and Northern North Sea from ExxonMobil for more than USD 1 billion (with up to ~USD 300 million contingent). The deal materially increases NEO's production (adding ~40,000 boepd and >140 million boe of reserves), positioning the company among the top five UK oil and gas producers and supporting rapid near-term growth on the UK Continental Shelf.