PDC Energy Acquires Great Western Petroleum, LLC

Chevron Acquires PDC Energy

August 7, 2023

Energy

Chevron Corporation completed its acquisition of PDC Energy, Inc. in an all‑stock transaction valued at $6.3 billion (approximately $7.6 billion enterprise value), adding significant oil and gas assets in the Denver‑Julesburg (DJ) Basin and the Permian Basin. The deal, approved by PDC shareholders and closed in August 2023, is expected to be accretive to Chevron's earnings, increase proved reserves and deliver operational synergies.

Nwestco Acquires Petro West

July 31, 2025

Industrial Services

Nwestco, a Denver-based provider of fuel and car wash equipment and services owned by Guardian Capital Partners, has acquired Petro West, a fuel services and equipment provider serving Utah, Nevada and Arizona. The deal closed July 31, 2025 with terms not disclosed and is intended to expand Nwestco's presence and capabilities in the Intermountain region.

Family Office-Led Consortium Acquires PureWest Energy

May 31, 2023

Oil & Gas

PureWest Energy, a Rocky Mountain independent natural gas producer, completed an all-cash merger with a private consortium of family offices and financial institutions (the "PW Consortium") for $1.84 billion. The company will remain branded PureWest with its existing management and employees in place; the transaction included a $200 million asset-backed notes offering and a divestiture of producing wellbores to vehicles managed by Wincoram Asset Management.

Energy Transfer Acquires WTG Midstream for $3.25 Billion

May 28, 2024

Oil & Gas

Energy Transfer LP agreed to acquire WTG Midstream Holdings LLC in a transaction valued at approximately $3.25 billion, comprising $2.45 billion in cash and ~50.8 million newly issued Energy Transfer common units. The deal, from affiliates of Stonepeak, the Davis Estate and Diamondback Energy, adds WTG's Permian-focused midstream assets — including a 6,000-mile pipeline network, eight processing plants (≈1.3 Bcf/d) and a 20% interest in the BANGL NGL pipeline — to Energy Transfer's footprint to enhance its gas/NGL supply, processing and downstream capabilities.

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.

Precision Drilling Corporation Acquires CWC Energy Services Corp.

September 7, 2023

Oil & Gas

Precision Drilling Corporation has entered into an agreement to acquire all issued and outstanding common shares of CWC Energy Services Corp. for approximately $141 million in total consideration (947,909 Precision shares valued at ~$88M, $14M cash, plus assumption of debt). The acquisition adds 62 marketed service rigs in Canada and 18 marketed drilling rigs (including 11 in the U.S.), and is expected to generate about $20 million of annual operating synergies while supporting Precision's deleveraging plan.