bp to Acquire Archaea Energy for Approximately $4.1 Billion

Pioneer Natural Resources Acquires Parsley Energy

October 19, 2020

Oil & Gas

Pioneer Natural Resources will acquire all outstanding shares of Parsley Energy in an all-stock transaction valued at approximately $4.5 billion (approximately $7.6 billion including assumed debt). The deal, which offers Parsley shareholders 0.1252 shares of Pioneer per Parsley share, is expected to deliver about $325 million of annual synergies and expand Pioneer's scale and asset base in the Permian Basin; closing is subject to customary approvals.

Vår Energi Acquires Neptune Energy Norge AS

January 31, 2024

Oil & Gas

Vår Energi ASA completed the acquisition of 100% of the shares in Neptune Energy Norge AS, strengthening its position on the Norwegian Continental Shelf and adding ~67 kboepd of production and ~265 mmboe of 2P reserves. The transaction was agreed at an enterprise value of USD 2.275 billion and closed on 31 January 2024 (effective date 1 January 2023); net cash consideration paid on completion (less cash in Neptune Norway) was approximately USD 1.2 billion. The deal increases Vår Energi's scale, operatorships and gas/LNG exposure and is inter-conditional with a separate transaction in which Eni acquires the remainder of Neptune's global assets.

MasTec Acquires Infrastructure and Energy Alternatives (IEA)

July 25, 2022

Energy

MasTec has agreed to acquire Infrastructure and Energy Alternatives, Inc. (IEA) in a cash-and-stock transaction valued at approximately $1.1 billion, with IEA shareholders receiving $14.00 per share. The deal expands MasTec's clean energy and infrastructure capabilities—adding nearly 6,000 IEA employees, union-based clean energy power generation services, and broadened renewable project and heavy-civil expertise—and is expected to close in late Q4 2022 subject to customary approvals.

Baker Hughes Acquires Chart Industries for $13.6 Billion

July 31, 2025

Industrial Services

Baker Hughes announced a definitive, all-cash agreement to acquire Chart Industries in a $13.6 billion transaction valued at $210 per share. The deal is expected to accelerate Baker Hughes’ Industrial & Energy Technology strategy, expand capabilities in LNG, hydrogen, and carbon capture/cryogenic processing, and deliver annualized cost savings of about $325 million by the end of the third year post-close.

Ballard Power Systems Acquires Arcola Energy

November 11, 2021

Renewable Energy

Ballard Power Systems acquired 100% of UK-based Arcola Energy for total consideration of up to US$40 million (cash, earn-outs and shares). The deal brings Arcola’s ~90 systems-engineering staff into Ballard to strengthen vehicle powertrain and fuel cell systems integration capabilities and deepen Ballard’s presence in the UK for heavy-duty fuel cell mobility.

Acacia Research Acquires Majority Stake in Benchmark Energy II

November 14, 2023

Oil & Gas

Acacia Research Corporation (Nasdaq: ACTG) has acquired a majority interest in Benchmark Energy II, LLC, an Austin, Texas–based independent oil and gas company focused on acquisition, production and development of operated assets in Texas and Oklahoma. McArron Partners, Benchmark’s existing lead investor, retains its investment and plans to commit additional capital while Acacia intends to use its capital base to accelerate Benchmark’s acquisition and field-optimization strategy.