Canadian Overseas Petroleum Acquires Atomic Oil & Gas for $54M

Sunoco LP to Acquire Offen Petroleum for Approximately $600 Million

August 14, 2026

Oil & Gas

Sunoco LP entered into a definitive agreement to acquire Offen Petroleum in an all-cash transaction valued at approximately $600 million. The deal expands Sunoco’s fuel distribution scale and geographic footprint across the Midwest, Mountain West, and Southwest U.S. regions, while enabling future bolt-on acquisitions subject to regulatory approval.

InPlay Oil Corp. to Acquire Private Oil and Gas Producer for C$54.25M

August 5, 2026

Oil & Gas

InPlay Oil Corp. entered into a definitive arrangement agreement to acquire a private, arm’s-length oil and gas producer for cash consideration of $54.25 million (subject to closing adjustments). The acquisition is expected to add about 1,400 boe/d of production (85% light oil and NGLs) and expand InPlay’s Belly River position, with the deal expected to close by the end of August 2026.

Occidental Petroleum to Acquire CrownRock LP in a $12 Billion Deal

December 11, 2023

Oil & Gas

Occidental Petroleum entered into a purchase agreement to acquire Midland, Texas-based oil and gas producer CrownRock L.P. for approximately $12.0 billion, including the assumption of CrownRock’s debt. The deal is expected to close in the first quarter of 2024, subject to regulatory approvals and customary closing conditions.

PDC Energy Acquires Great Western Petroleum, LLC

May 6, 2022

Energy

PDC Energy, Inc. completed the acquisition of privately held Great Western Petroleum, LLC, a Denver-based oil and gas producer. The deal included $543 million in cash consideration (less $50 million previously escrowed), approximately 4 million shares of PDC common stock, and PDC paid off Great Western’s secured credit facility and senior secured notes; PDC said the acquisition is accretive to its operating, ESG and financial metrics.

ConocoPhillips Acquires Additional 10% Stake in Australia Pacific LNG (APLNG) from Origin Energy

February 17, 2022

Energy

ConocoPhillips, through its Australian subsidiary, completed the purchase of an additional 10% interest in Australia Pacific LNG (APLNG) from Origin Energy for $1.645 billion (approximately $1.4 billion cash after adjustments). The transaction increases ConocoPhillips' ownership in APLNG to 47.5%, with Origin Energy and Sinopec holding 27.5% and 25% respectively, and is intended to bolster ConocoPhillips' LNG position and diversify its product mix.

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.