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

Antero Midstream To Acquire HG II Energy Midstream Holdings for $1.1 Billion

December 14, 2025

Energy

Antero Midstream has entered into a definitive agreement to acquire HG II Energy Midstream Holdings for $1.1 billion in cash, a deal positioned as a bolt-on expansion to its Marcellus Shale footprint. The announcement also pairs the acquisition with a separate agreement for Antero Midstream to divest its Ohio Utica Shale midstream assets for $400 million, with both transactions subject to regulatory approvals and customary closing adjustments.

MPLX LP Acquires Northwind Midstream for $2.375 Billion

September 2, 2025

Infrastructure

MPLX LP has completed its $2.375 billion acquisition of Northwind Delaware Holdings LLC (Northwind Midstream), which provides sour gas gathering, treating, and processing services in Lea County, New Mexico. The acquisition strengthens MPLX’s Permian Basin natural gas and NGL value chains and is expected to be immediately accretive to distributable cash flow, with estimated incremental capital of $500 million for in-process expansion projects.

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.

Crestwood Equity Partners Acquires Oasis Midstream Partners in ~$1.8 Billion Deal

February 1, 2022

Energy

Crestwood Equity Partners LP completed its previously announced merger with Oasis Midstream Partners LP, enhancing Crestwood’s scale in the Williston and Delaware Basins. The deal combines complementary midstream assets and is expected to deliver roughly $45 million in operational and commercial synergies.

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.