Devon Energy Acquires RimRock Oil & Gas's Williston Basin Leasehold Interests

Enerplus Corporation Acquires Bruin E&P HoldCo, LLC for $465M

January 25, 2021

Energy

Enerplus Corporation agreed to acquire all of the outstanding shares of Bruin E&P HoldCo, LLC for US$465 million to expand its Williston Basin position. The acquisition adds ~24,000 BOE/d of production and 151,000 net acres (including 30,000 contiguous acres), and is expected to be immediately accretive to adjusted funds flow and free cash flow while improving Enerplus' drilling inventory and scale in the Bakken/Williston Basin.

Kimbell Royalty Partners Acquires Permian Basin Mineral and Royalty Interests from Hatch Resources for $290M

October 1, 2022

Oil & Gas

Kimbell Royalty Partners (NYSE: KRP) agreed to acquire mineral and royalty interests from Austin-based Hatch Royalty LLC (Hatch Resources) in a cash-and-unit transaction valued at approximately $290 million ($150M cash and ~7.3M Kimbell units valued at $140M). The acquired Permian Basin assets (primarily Texas Delaware Basin) are estimated to produce ~2,072 Boe/d as of Oct 1, 2022 (projected ~2,522 Boe/d for 2023); the deal was approved by both parties and expected to close in Q4 2022.

Kinetik Holdings Acquires Durango Permian from Morgan Stanley Energy Partners

June 25, 2024

Oil & Gas

Kinetik Holdings Inc. has completed the acquisition of Durango Permian LLC from investment funds managed by Morgan Stanley Energy Partners. The transaction transfers Durango Permian's Permian Basin gas gathering, processing and CO2 sequestration assets to Kinetik and includes cash and equity consideration with contingent payments tied to commissioning of the Kings Landing processing project.

ExxonMobil Acquires Denbury Inc.

November 2, 2023

Energy

Exxon Mobil Corporation completed its all‑stock acquisition of Denbury Inc. in a transaction valued at $4.9 billion, with Denbury shareholders receiving 0.84 shares of ExxonMobil per Denbury share. The deal adds Denbury's ~1,300 miles of CO2 pipelines, onshore sequestration sites and Gulf Coast/Rockies oil and gas operations (over 200 million boe of proved reserves and roughly 46,000–47,000 boe/d of production), strengthening ExxonMobil's Low Carbon Solutions and CCS capabilities.

Occidental Acquires CrownRock L.P.

December 11, 2023

Energy

Occidental (OXY) agreed to acquire Midland-based CrownRock L.P., a joint venture of CrownQuest Operating LLC and Lime Rock Partners, in a transaction valued at approximately $12.0 billion including assumed debt. The deal expands Occidental's Midland Basin footprint with ~170 Mboed of high-margin unconventional production, ~94,000 net acres and ~1,700 undeveloped locations, and is expected to be accretive to free cash flow.

Diamondback Energy Acquires Leasehold Interests and Assets of FireBird Energy LLC

November 30, 2022

Oil & Gas

Diamondback Energy, Inc. completed the previously announced acquisition of all leasehold interests and related assets of FireBird Energy LLC. The deal expands Diamondback's Permian Basin asset base, adding upstream leasehold and related operations.