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

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.

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

June 8, 2022

Oil & Gas

Devon Energy Corp. agreed to acquire the leasehold interests and related assets of RimRock Oil and Gas, LP (a Warburg Pincus portfolio company) in the Williston Basin for $865 million in cash. The bolt-on transaction, expected to close in Q3 2022 with an April 1, 2022 effective date, adds contiguous acreage, ~15,000 Boe/d (Q1) of production and operational synergies to Devon's Williston position.

Tailwater E&P Acquires Non‑Operated Permian Basin Asset Package from Accelerate

October 1, 2024

Oil & Gas

Tailwater E&P LLC, the upstream platform of private equity firm Tailwater Capital, acquired an off‑market non‑operated working interest asset package in the Permian Basin from Accelerate Resources Operating LLC. The assets include more than 5,000 net leasehold acres and produce in excess of 5,000 net barrels of oil equivalent per day across the Midland and Delaware Basins, and Tailwater E&P hedged a significant portion of the production profile as part of the transaction.

Ring Energy Acquires North Central Basin Assets from Wishbone Energy Partners

February 26, 2019

Oil & Gas

Ring Energy, Inc. entered a definitive agreement to acquire Wishbone Energy Partners' North Central Basin Platform assets in southwest Yoakum County, Texas and east Lea County, New Mexico for $300 million ( $270M cash and $30M common stock). The asset purchase, expected to close in early Q2 2019 with an effective date of November 1, 2018, roughly doubles Ring's production and proved reserves and materially increases its San Andres horizontal drilling inventory.

Enterprise Products Partners Acquires Piñon Midstream for $950M

August 21, 2024

Energy

Enterprise Products Partners L.P. completed the acquisition of Piñon Midstream, LLC, a Black Bay Energy Capital portfolio company, for $950 million in cash. Piñon provides sour natural gas gathering and treating services (including acid gas injection and carbon sequestration) in the eastern flank of the Delaware Basin, and the deal expands Enterprise's footprint and capabilities in that region.

NGL Energy Partners LP Acquires Hillstone Environmental Partners from Golden Gate Capital

November 1, 2019

Oil & Gas

NGL Energy Partners LP has agreed to acquire all equity interests of Hillstone Environmental Partners LLC from Golden Gate Capital for approximately $600 million. The acquisition adds Hillstone's produced water pipelines and disposal well network in the Northern Delaware Basin to NGL's existing Delaware Basin water platform, increasing disposal and transportation capacity and providing long-term contracted volumes.