Vermilion Energy Acquires Leucrotta Exploration

Vitesse Energy Acquires Lucero Energy in Accretive All-Stock Transaction

December 16, 2024

Oil & Gas

Vitesse Energy, Inc. will acquire Lucero Energy Corp. in an all-stock transaction valued at approximately US$222 million (fully diluted equity value). The deal is expected to close in the second quarter of 2025, and would add Lucero’s operated oil and gas production assets in the Bakken to Vitesse’s portfolio.

Vermilion Energy Acquires Westbrick Energy Ltd.

February 26, 2025

Oil & Gas

Vermilion Energy Inc. has completed the acquisition of Westbrick Energy Ltd., adding approximately 50,000 boe/d of production (75% gas), ~1.1 million (770,000 net) contiguous acres in Alberta's Deep Basin, and four operated gas plants with 102 mmcf/d capacity. Consideration includes cash and an option for Westbrick shareholders to elect Vermilion common shares (1.1 million shares elected, ~C$14.2 million), funded by cash on hand, a new C$450 million term loan and available revolving credit, with Vermilion citing significant operational synergies and a deep inventory of over 700 future drilling locations.

Spartan Delta Corp. Acquires Velvet Energy Ltd.

August 31, 2021

Energy

Spartan Delta Corp. closed the previously announced acquisition of Velvet Energy Ltd., a privately held light-oil Montney producer in northwest Alberta, for approximately CAD 751.5 million in cash, shares and assumed net debt. The deal (funded via equity financing, a new five-year term facility and revolver capacity) adds ~20,600 boe/d of production and large Montney acreage, positioning Spartan as a leading Montney oil producer and acreage holder.

Crescent Energy Company Acquires Vital Energy, Inc. in All-Stock Deal

December 15, 2025

Oil & Gas

Crescent Energy Company (NYSE: CRGY) acquired Vital Energy, Inc. (NYSE: VTLE) in an all-stock transaction valued at approximately $3.1 billion, including Vital’s net debt. The deal creates a top-10 independent, liquids-weighted E&P company with a strategy focused on free cash flow generation and disciplined capital allocation. The acquisition has closed and Crescent expects to provide pro forma 2026 guidance with its 4Q/full-year 2025 results.

Lion Electric Completes Business Combination with Northern Genesis Acquisition Corp.

May 6, 2021

Automotive

Lion Electric completed a business combination with special purpose acquisition company Northern Genesis Acquisition Corp., resulting in approximately US$490 million of net proceeds (including a concurrent PIPE). As a result of the transaction Lion began trading on the NYSE and TSX under the ticker LEV; the proceeds will be used to finance U.S. manufacturing expansion, develop battery systems and repay outstanding debt. Lion's founder and CEO Marc Bédard will continue to lead the company, and Northern Genesis directors Ian Robertson and Chris Jarratt joined the board.

Vital Energy Acquires Assets of Driftwood Energy Operating, LLC

February 14, 2023

Energy

Vital Energy, Inc. (NYSE: VTLE) signed a definitive agreement to acquire the assets of Driftwood Energy Operating, LLC, comprising leasehold interests, production and hedges, in exchange for 1,578,948 shares of Vital common stock and $127.6 million in cash. The asset package (effective Jan. 1, 2023) includes ~16,500 gross acres (11,200 net) in Upton and Reagan counties of the Midland Basin, ~5,400 BOE/day production, and an estimated 30 gross operated horizontal locations.