Vitesse Energy Acquires Lucero Energy in Accretive All-Stock Transaction

Vermilion Energy Acquires Leucrotta Exploration

May 31, 2022

Energy

Vermilion Energy Inc. completed the acquisition of Leucrotta Exploration Inc. pursuant to an arrangement agreement, acquiring all outstanding Leucrotta shares and taking a material ownership position in Coelacanth Energy Inc. The transaction secures the Mica property — ~81,000 gross Montney acres (77,000 net) — adding a multi-decade drilling inventory to Vermilion's North American portfolio and is intended to high‑grade the company's assets and maximize future free cash flow.

Targa Resources Acquires Lucid Energy for $3.55B

July 29, 2022

Energy

Targa Resources Corp. completed the $3.55 billion acquisition of Lucid Energy Delaware, LLC, adding approximately 1,050 miles of gas gathering pipelines and ~1.4 Bcf/d of cryogenic gas processing capacity concentrated in the Delaware Basin. The deal, purchased from a group of private-equity and infrastructure investors led by Riverstone and Goldman Sachs Asset Management (and related funds), expands Targa's Permian Basin footprint and anchored volumes under long-term contracts.

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.

Merck & Co., Inc. Acquires VelosBio Inc.

November 5, 2020

Biotechnology

Merck & Co., Inc. will acquire all outstanding shares of clinical-stage biopharmaceutical company VelosBio for $2.75 billion in cash. The acquisition adds VelosBio's lead investigational antibody-drug conjugate VLS-101 and ROR1-directed pipeline assets to Merck's oncology portfolio and is expected to close by the end of 2020, subject to customary conditions.

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.

Energy Transfer to Acquire Crestwood Equity Partners in $7.1 Billion All-Equity Deal

August 16, 2023

Energy

Energy Transfer LP will acquire Crestwood Equity Partners LP in an all-equity transaction valued at approximately $7.1 billion, including the assumption of about $3.3 billion of debt. The merger is expected to close in the fourth quarter of 2023, subject to approvals and customary closing conditions.