Diversified Energy Acquires Maverick Natural Resources

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.

JF Group Acquires Maverick Petroleum Services

August 1, 2025

Industrial Services

The JF Group has acquired Maverick Petroleum Services, an Arizona-based petroleum service contractor specializing in installation, maintenance and repair of fueling equipment, POS systems, and environmental testing. The deal expands JF's footprint across the Southwest and enables the company to provide statewide 24/7 service coverage in Arizona.

Diversified Energy Acquires Tapstone Energy's Oklahoma Assets for $419 Million

October 12, 2021

Oil & Gas

Diversified Energy Co. Plc agreed to acquire upstream assets, field infrastructure and facilities in Oklahoma from Tapstone Energy LLC and an affiliate of Kennedy Lewis Investment Management for $419 million in cash. Oaktree Capital Management will co-invest, taking a non‑operated working interest (paying $192 million for ~48.75%); the deal adds ~660 net operated wells and ~12,000 boe/d of production to Diversified's central region footprint.

Pioneer Natural Resources Acquires Parsley Energy

October 19, 2020

Oil & Gas

Pioneer Natural Resources will acquire all outstanding shares of Parsley Energy in an all-stock transaction valued at approximately $4.5 billion (approximately $7.6 billion including assumed debt). The deal, which offers Parsley shareholders 0.1252 shares of Pioneer per Parsley share, is expected to deliver about $325 million of annual synergies and expand Pioneer's scale and asset base in the Permian Basin; closing is subject to customary approvals.

Baytex Energy Acquires Ranger Oil Corporation

June 20, 2023

Energy

Baytex Energy Corp. completed the acquisition (the Merger) of Ranger Oil Corporation, materially increasing Baytex's operated footprint in the Eagle Ford and expanding its North American oil-weighted asset base. The transaction enhances Baytex's development inventory and free cash flow profile, enabling increased shareholder returns and the introduction of a dividend.

Matador Resources Acquires Advance Energy Partners from EnCap

January 24, 2023

Energy

Matador Resources Company agreed to acquire Advance Energy Partners Holdings, LLC — an EnCap-backed oil and natural gas producer with acreage and producing properties in the northern Delaware Basin — for an initial cash consideration of approximately $1.6 billion plus potential contingent payments tied to 2023 oil prices. The bolt‑on acquisition adds ~18,500 net acres (99% held by production), material near-term production and a large inventory of drilling locations, and provides midstream synergy opportunities with Matador’s Pronto Midstream subsidiary.