Chord Energy to Combine with Enerplus in ~$11B Stock and Cash Deal

Enerplus Corporation Acquires Bruin E&P HoldCo, LLC for $465M

January 25, 2021

Energy

Enerplus Corporation agreed to acquire all of the outstanding shares of Bruin E&P HoldCo, LLC for US$465 million to expand its Williston Basin position. The acquisition adds ~24,000 BOE/d of production and 151,000 net acres (including 30,000 contiguous acres), and is expected to be immediately accretive to adjusted funds flow and free cash flow while improving Enerplus' drilling inventory and scale in the Bakken/Williston Basin.

Chesapeake Energy to Merge With Southwestern Energy in $7.4B Deal (Expand Energy)

September 26, 2024

Energy

Chesapeake Energy Corporation and Southwestern Energy Company have agreed to merge in an all-stock transaction valued at about $7.4 billion. The combined company will be rebranded as Expand Energy, headquartered in Oklahoma City, and is expected to close in the first week of October (following HSR expiration) per Source 1.

Energy Transfer to Acquire Crestwood Equity Partners in $7.1 Billion All-Equity Deal

August 16, 2023

Energy

Energy Transfer LP will acquire Crestwood Equity Partners LP in an all-equity transaction valued at approximately $7.1 billion, including the assumption of about $3.3 billion of debt. The merger is expected to close in the fourth quarter of 2023, subject to approvals and customary closing conditions.

Devon Energy to Merge with Coterra Energy in $21.4B All-Stock Deal

January 31, 2026

Oil & Gas

Devon Energy and Coterra Energy have signed a definitive all-stock agreement to merge, creating a premier Delaware Basin–anchored shale operator. The deal will exchange 0.70 shares of Devon common stock for each share of Coterra, and is expected to close in the second quarter of 2026 subject to regulatory and shareholder approvals.

Universal Music Group Acquires 25.8% Stake in Chord Music Partners

February 21, 2024

Media & Entertainment

Universal Music Group (UMG) will acquire a 25.8% minority interest in Chord Music Partners for US$240 million, valuing Chord at US$1.85 billion. The transaction creates a long-term strategic partnership under which UMG will administer Chord's music publishing through UMPG and recorded music through Virgin Music Group; KKR will exit and the Dundee consortium will remain a majority owner.

ConocoPhillips to Acquire Concho Resources

October 19, 2020

Oil & Gas

ConocoPhillips agreed to acquire Concho Resources in an all-stock transaction valued at $9.7 billion, exchanging each Concho share for 1.46 shares of ConocoPhillips. The combination creates a larger independent oil and gas company with expanded Permian Basin scale, expected cost and capital synergies of $500 million annually and an enhanced low-cost resource base.