Matador Resources Acquires Advance Energy Partners from EnCap

Matador Resources Acquires Ameredev Subsidiary in Delaware Basin

June 12, 2024

Energy

Matador Resources Company agreed to acquire a subsidiary of Ameredev II Parent, LLC (Ameredev) — including producing oil and gas properties and ~33,500 net contiguous acres in the Delaware Basin — for approximately $1.83–1.905 billion in cash (subject to adjustments). The transaction adds material production (~25,000–26,500 BOE/d), ~118 million BOE of proved reserves and an approximate 19% stake in Piñon Midstream, expanding Matador's Delaware Basin footprint and midstream exposure.

EOG Resources Acquires Encino Acquisition Partners

June 3, 2025

Oil & Gas

EOG Resources agreed to acquire Encino Acquisition Partners (EAP) from the Canada Pension Plan Investment Board and Encino Energy for $5.6 billion, a deal expected to close in the second half of 2025. The purchase adds roughly 675,000 net acres and more than 1,000 producing wells in the Utica/Point Pleasant shale, expanding EOG’s footprint to about 1.1 million net acres in the play and creating a third foundational asset alongside its Delaware Basin and Eagle Ford positions.

Surge Energy Acquires Grenadier Energy Partners II's Midland Basin Assets

January 31, 2021

Energy

Surge Energy US Holdings Company agreed to acquire leasehold interests and producing wells from Grenadier Energy Partners II LLC in Howard County, Texas, for an aggregate purchase price of approximately $420 million. The acquired Midland Basin assets average ~9,000 Boepd (roughly 75% oil) across ~18,010 net leasehold acres and include ~120 operated future drilling locations; the deal is expected to close in late Q1.

Firmament Invests in Matador Gas

October 18, 2023

Energy

Firmament, a structured equity investor, has made a strategic growth investment in Matador Gas, a retail propane distributor and standby generator service provider. The capital will support Matador's expansion plans, technology investments and service capability enhancements as the company grows its footprint around Houston and adjacent markets.

Enterprise Products Partners Acquires Piñon Midstream for $950M

August 21, 2024

Energy

Enterprise Products Partners L.P. completed the acquisition of Piñon Midstream, LLC, a Black Bay Energy Capital portfolio company, for $950 million in cash. Piñon provides sour natural gas gathering and treating services (including acid gas injection and carbon sequestration) in the eastern flank of the Delaware Basin, and the deal expands Enterprise's footprint and capabilities in that region.

Pioneer Natural Resources Acquires DoublePoint Energy Assets in Midland Basin

May 4, 2021

Oil & Gas

Pioneer Natural Resources completed the acquisition of the leasehold interests and related assets of DoublePoint Energy (structured as the purchase of Double Eagle III Midco 1 LLC) in the Midland Basin for approximately $6.2–$6.4 billion in stock, cash and assumed debt. The transaction adds ~97,000 contiguous net acres to Pioneer's Midland Basin footprint and was approved by the boards of the companies; DoublePoint was backed by equity commitments from Apollo, Quantum Energy Partners, Magnetar Capital and Blackstone Credit.