Crescent Energy Acquires Uinta Basin Assets from Verdun/EP Energy for $690M

Crescent Energy Acquires Vital Energy

December 15, 2025

Oil & Gas

Crescent Energy Company (NYSE: CRGY) completed its previously announced all-stock acquisition of Vital Energy, Inc. (NYSE: VTLE), creating a larger, liquids-weighted independent E&P company. The deal is intended to enhance Crescent's free cash flow profile, operational scale and strategic opportunities while delivering identified synergies and governance updates.

Energy Transfer LP to Acquire Crestwood Equity Partners LP

August 16, 2023

Oil & Gas

Energy Transfer LP has entered into a definitive agreement to acquire Crestwood Equity Partners LP in an all-equity transaction valued at approximately $7.1 billion (including assumed debt). The deal extends Energy Transfer’s midstream footprint deeper into the Williston, Delaware and Powder River basins and adds gathering, processing, storage and terminal assets that complement its existing NGL, crude and export capabilities.

Independence Energy and Contango Merge to Form Crescent Energy Company

December 7, 2021

Energy

Independence Energy LLC and Contango Oil & Gas Company completed a combination to form Crescent Energy Company, a diversified U.S. energy company managed by KKR's Energy Real Assets team. Contango shareholders received 0.2000 shares of Crescent Class A common stock for each Contango share, and the combined company is positioned to pursue a consolidation strategy across Lower 48 basins.

Quantum Capital Group Acquires Caerus Oil & Gas Assets for $1.8B

August 19, 2024

Oil & Gas

Quantum Capital Group, through two portfolio companies QB Energy and KODA Resources, has acquired the oil and gas operations and acreage of Caerus Oil and Gas for approximately $1.8 billion, including assumption of certain asset-backed securities and liabilities. The deal splits Piceance Basin assets to QB Energy and Uinta Basin assets to KODA, transferring operations and many Caerus staff to the acquiring operators to support continued natural gas development for western U.S. markets.

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.

Pioneer Natural Resources Acquires DoublePoint Energy Assets in Midland Basin

May 4, 2021

Oil & Gas

Pioneer Natural Resources completed the acquisition of the leasehold interests and related assets of DoublePoint Energy (structured as the purchase of Double Eagle III Midco 1 LLC) in the Midland Basin for approximately $6.2–$6.4 billion in stock, cash and assumed debt. The transaction adds ~97,000 contiguous net acres to Pioneer's Midland Basin footprint and was approved by the boards of the companies; DoublePoint was backed by equity commitments from Apollo, Quantum Energy Partners, Magnetar Capital and Blackstone Credit.