Affiliate of Tres Energy Acquires Adams Resources & Energy

Adams Resources & Energy Repurchases Shares From KSA Industries

October 31, 2022

Oil & Gas

Adams Resources & Energy repurchased 1,942,433 common shares (approximately 44.2% of outstanding shares) from KSA Industries and affiliated family members, funded with cash on hand and a new term loan. The transaction, which closed October 31, 2022, gives the company an effective control position and was accompanied by placement of a five-year $85 million credit facility led by Cadence Bank.

TriArtisan Capital Advisors Acquires Majority Stake in EnergySolutions

May 16, 2022

Energy

TriArtisan Capital Advisors, an existing minority investor, acquired the remaining majority ownership interest in EnergySolutions from Energy Capital Partners. The transaction, which closed in May 2022, positions TriArtisan to provide long-term ownership stability and support EnergySolutions' expansion across nuclear utility, commercial and government waste management and decommissioning markets.

Targa Resources Acquires Lucid Energy for $3.55B

July 29, 2022

Energy

Targa Resources Corp. completed the $3.55 billion acquisition of Lucid Energy Delaware, LLC, adding approximately 1,050 miles of gas gathering pipelines and ~1.4 Bcf/d of cryogenic gas processing capacity concentrated in the Delaware Basin. The deal, purchased from a group of private-equity and infrastructure investors led by Riverstone and Goldman Sachs Asset Management (and related funds), expands Targa's Permian Basin footprint and anchored volumes under long-term contracts.

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.

Targa Resources Corp. Acquires Southcross Energy Operating LLC

April 21, 2022

Oil & Gas

Targa Resources Corp. has completed the acquisition of Southcross Energy Operating LLC and its subsidiaries, adding midstream assets located in South Texas to Targa’s portfolio. The deal expands Targa’s natural gas and NGL gathering, processing and transportation footprint in the Gulf Coast region.

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.