Devon Energy Acquires RimRock Oil & Gas's Williston Basin Leasehold Interests

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.

Kinetik Holdings Acquires Durango Permian from Morgan Stanley Energy Partners

June 25, 2024

Oil & Gas

Kinetik Holdings Inc. has completed the acquisition of Durango Permian LLC from investment funds managed by Morgan Stanley Energy Partners. The transaction transfers Durango Permian's Permian Basin gas gathering, processing and CO2 sequestration assets to Kinetik and includes cash and equity consideration with contingent payments tied to commissioning of the Kings Landing processing project.

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.

ExxonMobil Acquires Denbury Inc.

November 2, 2023

Energy

Exxon Mobil Corporation completed its all‑stock acquisition of Denbury Inc. in a transaction valued at $4.9 billion, with Denbury shareholders receiving 0.84 shares of ExxonMobil per Denbury share. The deal adds Denbury's ~1,300 miles of CO2 pipelines, onshore sequestration sites and Gulf Coast/Rockies oil and gas operations (over 200 million boe of proved reserves and roughly 46,000–47,000 boe/d of production), strengthening ExxonMobil's Low Carbon Solutions and CCS capabilities.

Kimbell Royalty Partners Acquires Permian Basin Mineral and Royalty Interests from Hatch Resources for $290M

October 1, 2022

Oil & Gas

Kimbell Royalty Partners (NYSE: KRP) agreed to acquire mineral and royalty interests from Austin-based Hatch Royalty LLC (Hatch Resources) in a cash-and-unit transaction valued at approximately $290 million ($150M cash and ~7.3M Kimbell units valued at $140M). The acquired Permian Basin assets (primarily Texas Delaware Basin) are estimated to produce ~2,072 Boe/d as of Oct 1, 2022 (projected ~2,522 Boe/d for 2023); the deal was approved by both parties and expected to close in Q4 2022.

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.