AVANGRID and PNM Resources Merger Agreement Extended

Iberdrola Acquires Remaining 18.4% of Avangrid for $2.6 Billion

May 20, 2024

Energy

Avangrid has entered into a definitive agreement with Iberdrola under which Iberdrola will acquire the remaining 18.4% of Avangrid shares it does not currently own for $35.75 per share in an all-cash transaction. The merger will make Avangrid a wholly owned subsidiary of Iberdrola, with closing expected in the fourth quarter 2024 subject to customary conditions and regulatory approvals.

Amber Energy Approved to Acquire CITGO (via PDV Holding) Pending 2026 Closing

November 25, 2025

Energy

Amber Energy Inc. has been approved by the U.S. District Court for the District of Delaware to acquire PDV Holding, Inc., the parent of CITGO Petroleum Corporation. The transaction is expected to close in 2026 (mid-2025 per another source), subject to regulatory approvals and satisfaction of customary closing conditions.

United Energy LNG and Power LNG Announce Merger to Form Small-Scale LNG Platform

July 7, 2025

Energy

United Energy LNG and Power LNG announced a strategic merger to create a scalable small-scale LNG platform serving industrial, power, and transport markets across North America. The combined entity (United Energy LNG) will immediately oversee three LNG production sites in development in Texas, Kansas, and the Gulf Coast, with modular projects designed to deliver faster and more cost-effective LNG to domestic users.

ExxonMobil Merges With Pioneer Natural Resources in a $59.5 Billion Deal

October 12, 2023

Oil & Gas

ExxonMobil and Pioneer Natural Resources announced a merger valued at $59.5 billion. The combination brings together Pioneer’s contiguous Midland Basin acreage with ExxonMobil’s Delaware and Midland Basin portfolio to strengthen U.S. unconventional scale and increase Permian production potential.

Blackstone Infrastructure to Acquire TXNM Energy

May 19, 2025

Infrastructure

TXNM Energy agreed to be acquired by Blackstone Infrastructure for $61.25 per share in cash, valuing the transaction at $11.5 billion including net debt (excluding securitization debt) and preferred stock. The deal is supported by additional equity funding and is subject to shareholder and multiple federal and state regulatory approvals, with an estimated closing in the second half of 2026.

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.