LOLA Energy III, LLC Acquires Butler County E&P Company; Renames It LOLA Energy PetroCo, LLC

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.

Enerplus Corporation Acquires Bruin E&P HoldCo, LLC for $465M

January 25, 2021

Energy

Enerplus Corporation agreed to acquire all of the outstanding shares of Bruin E&P HoldCo, LLC for US$465 million to expand its Williston Basin position. The acquisition adds ~24,000 BOE/d of production and 151,000 net acres (including 30,000 contiguous acres), and is expected to be immediately accretive to adjusted funds flow and free cash flow while improving Enerplus' drilling inventory and scale in the Bakken/Williston Basin.

LOTO Energy II Takes Western Metals Corporation Private

September 8, 2022

Oil & Gas

LOTO Energy II, LLC completed a tender offer and merger to acquire Western Metals Corporation (OTC: WTLC), purchasing shares in cash and effecting a merger with its wholly owned subsidiary WMC Merger Sub, Inc. As a result, Western Metals became a wholly owned subsidiary of LOTO Energy II and remaining public shares were converted into cash for selling shareholders. The target is a small California corporation that owns and operates two natural gas wells in Solano County, California.

APA Corporation Acquires Callon Petroleum Company

January 4, 2024

Energy

APA Corporation agreed to acquire Callon Petroleum Company in an all-stock transaction valued at approximately $4.5 billion (including Callon's net debt). The deal combines APA's Midland-focused assets with Callon's Delaware-focused footprint to scale operations in the Permian Basin, is expected to be accretive to key metrics, and targets annual synergies exceeding $150 million.

Borco U.S.A. Acquires Permian-based Well Service Company

February 19, 2026

Oil & Gas

Borco U.S.A. acquired a Permian-based well service company that operates three active well service rigs, bringing well servicing, workover, and maintenance capabilities in-house. The acquisition strengthens Borco's vertical integration in the Permian Basin, improving operational flexibility, lowering lifting costs, and supporting its recently acquired 220-well package.

Energy Distribution Partners Acquires Sullivan Oil & Propane

October 23, 2024

Energy

Energy Distribution Partners (EDP) has acquired Sullivan Oil & Propane, a Bath, Pennsylvania-based provider of propane, fuel oil and HVAC services. The deal—EDP’s 41st since 2012—adds a local team of 15 employees and expands EDP’s footprint in the Lehigh Valley and Poconos as an add-on to its propane and home energy platform.