Diamondback Energy to Acquire QEP Resources in ~$2.2B All-Stock Deal

Diamondback Energy to Acquire Rattler Midstream in $2.2 Billion All-Stock Deal

May 15, 2022

Infrastructure

Diamondback Energy, Inc. agreed to acquire all publicly held common units of Rattler Midstream LP not already owned by Diamondback and its subsidiaries in an all-stock transaction valued at about $2.2 billion. The definitive agreement was entered into on May 15, 2022, and the deal was expected to close in the third quarter of 2022 subject to customary conditions.

Permian Resources Acquires Earthstone Energy in $4.5 Billion All-Stock Deal

August 21, 2023

Energy

Permian Resources and Earthstone Energy entered into a definitive agreement under which Permian Resources will acquire Earthstone in an all-stock transaction valued at approximately $4.5 billion, inclusive of Earthstone’s net debt. The deal is expected to enhance Permian Resources’ Delaware Basin position with significant acreage and pro forma production scale, and to deliver meaningful accretion and ~$175 million in annual cash flow improvements from synergies.

CDPQ to Acquire Innergex Renewable Energy Inc. for C$10.0 Billion

February 25, 2025

Energy

Caisse de dépôt et placement du Québec (CDPQ) has entered into a definitive agreement to acquire all issued and outstanding common shares of Innergex Renewable Energy Inc. for C$13.75 per share, implying a total enterprise value of C$10.0 billion. The transaction will take Innergex private, has unanimous support from Innergex’s board and backing from largest shareholder Hydro-Québec, and is expected to close by Q4 2025 subject to customary approvals.

Diamondback Energy Acquires Leasehold Interests and Assets of FireBird Energy LLC

November 30, 2022

Oil & Gas

Diamondback Energy, Inc. completed the previously announced acquisition of all leasehold interests and related assets of FireBird Energy LLC. The deal expands Diamondback's Permian Basin asset base, adding upstream leasehold and related operations.

CleanCapital Acquires BQ Energy

June 29, 2022

Energy

CleanCapital has acquired 100% of BQ Energy (BQE), a U.S. developer specializing in landfill and brownfield solar development. The acquisition brings BQE’s pipeline—more than 300 MW of late-stage and 700+ MW of mid-stage solar projects—into CleanCapital to expand its development and construction capabilities in brownfield renewable energy.

EOG Resources to Acquire Encino Acquisition Partners (EAP) for $5.6 Billion

June 3, 2025

Energy

EOG Resources announced a definitive agreement to acquire Encino Acquisition Partners (EAP) for $5.6 billion, inclusive of EAP’s net debt. The deal expands EOG’s Utica shale position by adding 675,000 net acres, creating a combined 1.1 million net-acre Utica footprint.