Vital Energy Acquires Assets of Driftwood Energy Operating, LLC

Crescent Energy Acquires Vital Energy

December 15, 2025

Oil & Gas

Crescent Energy Company (NYSE: CRGY) completed its previously announced all-stock acquisition of Vital Energy, Inc. (NYSE: VTLE), creating a larger, liquids-weighted independent E&P company. The deal is intended to enhance Crescent's free cash flow profile, operational scale and strategic opportunities while delivering identified synergies and governance updates.

Aethon Energy Management Acquires Tellurian's Upstream and Midstream Assets

July 1, 2024

Energy

Aethon Energy Management LLC has completed the acquisition of Tellurian Inc.'s integrated upstream and midstream assets, expanding Aethon's Haynesville Shale position to ~375,000 net acres with over 3 Bcf/d of gathering and treating capacity. Concurrently, Aethon signed a heads-of-agreement for 2 mtpa of LNG from Tellurian's Driftwood project; financial and legal advisors included Citi, Truist Securities, Gibson Dunn, Lazard and Akin Gump.

Energy Transfer LP to Acquire Crestwood Equity Partners LP

August 16, 2023

Oil & Gas

Energy Transfer LP has entered into a definitive agreement to acquire Crestwood Equity Partners LP in an all-equity transaction valued at approximately $7.1 billion (including assumed debt). The deal extends Energy Transfer’s midstream footprint deeper into the Williston, Delaware and Powder River basins and adds gathering, processing, storage and terminal assets that complement its existing NGL, crude and export capabilities.

Vår Energi Acquires ExxonMobil's Upstream Assets in Norway

December 10, 2019

Energy

Vår Energi has completed the acquisition of ExxonMobil's Norway upstream assets for a cash consideration of roughly USD 4.5 billion, a deal that effectively doubled the company's production on the Norwegian Continental Shelf. The portfolio adds interests in more than 20 producing fields (about 150,000 boepd additional), increases reserves to ~1,900 million boe and transfers some ~33–50 ExxonMobil employees to Vår Energi, reinforcing the company's position as the second-largest operator on the NCS.

Woodside Acquires Tellurian Inc. for Approximately $900 Million

July 21, 2024

Energy

Woodside Energy Group Ltd and its U.S. acquisition vehicles have acquired all outstanding shares of Tellurian Inc. in an all-cash transaction of $1.00 per share (approximately $900 million cash; implied enterprise value ~ $1.2 billion). The deal closed in Q4 2024, making Tellurian a wholly owned subsidiary of Woodside and bringing the Driftwood LNG project into Woodside's portfolio (renamed Woodside Louisiana LNG).

Devon Energy Acquires Validus Energy for $1.8 Billion

June 1, 2022

Oil & Gas

Devon Energy Corp. agreed to acquire Eagle Ford operator Validus Energy for $1.8 billion in cash, in a transaction expected to close at the end of Q3 2022 with an effective date of June 1, 2022. The acquisition adds ~42,000 net acres and ~35,000 boe/d of production (projected to average ~40,000 boe/d), deepening Devon's Eagle Ford footprint and driving scale, operational synergies and improved cash returns to shareholders.