North Hudson Resource Partners Acquires LOGOS Resources II for $402M

MPLX LP Acquires Northwind Midstream for $2.375 Billion

September 2, 2025

Energy

MPLX LP completed the $2.375 billion acquisition of Northwind Delaware Holdings LLC (Northwind Midstream), adding sour gas gathering, treating and processing capacity in Lea County, New Mexico. The deal strengthens MPLX’s Permian Basin natural gas and NGL value chains, is expected to be immediately accretive to distributable cash flow, and includes an estimated $500 million of incremental capital for expansion projects.

Civitas Resources Acquires Bison Oil & Gas II, LLC for ~$300M

March 1, 2022

Oil & Gas

Civitas Resources, Inc. has closed its acquisition of Denver-Julesburg Basin operator Bison Oil & Gas II, LLC for approximately $300 million in cash. The deal adds 102 gross locations (38 fully permitted) and ~9,000 Boed of pro forma 2022E production to Civitas' portfolio, and is expected to be accretive to production, EBITDA and free cash flow while preserving a strong balance sheet.

EOG Resources Acquires Encino Acquisition Partners

June 3, 2025

Oil & Gas

EOG Resources agreed to acquire Encino Acquisition Partners (EAP) from the Canada Pension Plan Investment Board and Encino Energy for $5.6 billion, a deal expected to close in the second half of 2025. The purchase adds roughly 675,000 net acres and more than 1,000 producing wells in the Utica/Point Pleasant shale, expanding EOG’s footprint to about 1.1 million net acres in the play and creating a third foundational asset alongside its Delaware Basin and Eagle Ford positions.

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.

Laredo Petroleum Acquires Sabalo Energy Assets for $715M

May 9, 2021

Oil & Gas

Laredo Petroleum (NYSE: LPI) signed a purchase and sale agreement to acquire the assets of Sabalo Energy, a portfolio company of EnCap Investments, for approximately $715 million in cash and stock. Concurrently, Laredo sold 37.5% of certain operated PDP reserves in its Legacy leasehold to an affiliate of Sixth Street Partners for $405 million to help fund the acquisition and deleverage the balance sheet.

CNX Resources Acquires Apex Energy II Upstream and Midstream Business

January 27, 2025

Energy

CNX Resources Corporation closed the acquisition of the natural gas upstream and associated midstream business of Apex Energy II, LLC, a portfolio company of funds managed by Carnelian Energy Capital Management, for approximately $505 million (effective Oct. 1, 2024). The bolt-on expands CNX's Marcellus and Utica leasehold in the Appalachian Basin (~36,000 net acres, including significant undeveloped Utica and Marcellus acreage) and adds existing midstream infrastructure expected to be immediately accretive to free cash flow.