Southern Energy Corp Acquires Gwinville Field Assets from PetroTX Energy

Southwestern Energy Acquires GEP Haynesville LLC

December 31, 2021

Oil & Gas

Southwestern Energy Company has closed the acquisition of GEP Haynesville, LLC, expanding its scale and inventory in the Haynesville natural gas basin. The deal was funded in part by a $1.15 billion senior notes offering and a $550 million institutional term loan and is expected to strengthen Southwestern's financial metrics and presence in premier U.S. gas basins.

Gas South Acquires Infinite Energy

October 20, 2020

Energy

Gas South agreed to acquire Florida-based Infinite Energy, acquiring its wholesale and retail natural gas business and customer list (the companies said the deal would close by end of 2020 subject to regulatory approvals). The transaction will more than double Gas South's annual revenue to about $1 billion and expand its customer base across the Southeast; Infinite Energy's Texas retail electricity business is excluded from the sale.

Surge Energy Acquires Grenadier Energy Partners II's Midland Basin Assets

January 31, 2021

Energy

Surge Energy US Holdings Company agreed to acquire leasehold interests and producing wells from Grenadier Energy Partners II LLC in Howard County, Texas, for an aggregate purchase price of approximately $420 million. The acquired Midland Basin assets average ~9,000 Boepd (roughly 75% oil) across ~18,010 net leasehold acres and include ~120 operated future drilling locations; the deal is expected to close in late Q1.

Energy Transfer Acquires WTG Midstream for $3.25 Billion

May 28, 2024

Oil & Gas

Energy Transfer LP agreed to acquire WTG Midstream Holdings LLC in a transaction valued at approximately $3.25 billion, comprising $2.45 billion in cash and ~50.8 million newly issued Energy Transfer common units. The deal, from affiliates of Stonepeak, the Davis Estate and Diamondback Energy, adds WTG's Permian-focused midstream assets — including a 6,000-mile pipeline network, eight processing plants (≈1.3 Bcf/d) and a 20% interest in the BANGL NGL pipeline — to Energy Transfer's footprint to enhance its gas/NGL supply, processing and downstream capabilities.

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.

Southwestern Energy Acquires Indigo Natural Resources for ~$2.7B

September 1, 2021

Energy

Southwestern Energy Company agreed to acquire Haynesville-focused Indigo Natural Resources, LLC for approximately $2.7 billion in a transaction comprised of cash, stock and assumed debt. The acquisition adds high-margin dry gas assets and inventory in the Haynesville play, expands Southwestern's access to Gulf Coast LNG markets and accelerates free cash flow and deleveraging targets.