Vital Energy Acquires Assets of Driftwood Energy Operating, LLC

Crescent Energy Acquires Vital Energy in All-Stock Merger

December 15, 2025

Energy

Crescent Energy Company acquired Vital Energy, Inc. in an all-stock transaction valued at approximately $3.1 billion, including Vital’s net debt. The deal was expected to close in December 2025 and was later announced as having closed, creating a top-10 independent E&P company.

Woodside Energy Acquires Tellurian for ~$900 Million to Advance Driftwood LNG

July 21, 2024

Energy

Woodside Energy Group will acquire all outstanding shares of Tellurian in an all-cash transaction for $1.00 per share, totaling about $900 million (implied enterprise value ~$1.2 billion). The deal was unanimously approved by both boards and was completed in October 2024, with Tellurian subsequently delisting and continuing the Driftwood LNG development opportunity under Woodside.

Aethon Energy Management Acquires Tellurian's Upstream and Midstream Assets

July 1, 2024

Energy

Aethon Energy Management LLC has completed the acquisition of Tellurian Inc.'s integrated upstream and midstream assets, expanding Aethon's Haynesville Shale position to ~375,000 net acres with over 3 Bcf/d of gathering and treating capacity. Concurrently, Aethon signed a heads-of-agreement for 2 mtpa of LNG from Tellurian's Driftwood project; financial and legal advisors included Citi, Truist Securities, Gibson Dunn, Lazard and Akin Gump.

Devon Energy Acquires Validus Energy for $1.8 Billion

June 1, 2022

Oil & Gas

Devon Energy Corp. agreed to acquire Eagle Ford operator Validus Energy for $1.8 billion in cash, in a transaction expected to close at the end of Q3 2022 with an effective date of June 1, 2022. The acquisition adds ~42,000 net acres and ~35,000 boe/d of production (projected to average ~40,000 boe/d), deepening Devon's Eagle Ford footprint and driving scale, operational synergies and improved cash returns to shareholders.

Broadtree Partners Acquires Vital Care Industries

January 5, 2021

Medical Devices

Broadtree Partners, a lower-middle market private equity firm based in Charlotte, North Carolina, has acquired Vital Care Industries, a family-run manufacturer and distributor of medical surgical supplies founded in 1984 and headquartered outside Chicago, Illinois. The transaction, supported by Live Oak Bank, positions Broadtree to accelerate Vital Care's growth while the founders (Henry and LeNita Johnson) and equity holder Paul Bistline remain involved in operations and leadership.

Vår Energi Acquires ExxonMobil's Upstream Assets in Norway

December 10, 2019

Energy

Vår Energi has completed the acquisition of ExxonMobil's Norway upstream assets for a cash consideration of roughly USD 4.5 billion, a deal that effectively doubled the company's production on the Norwegian Continental Shelf. The portfolio adds interests in more than 20 producing fields (about 150,000 boepd additional), increases reserves to ~1,900 million boe and transfers some ~33–50 ExxonMobil employees to Vår Energi, reinforcing the company's position as the second-largest operator on the NCS.