Tracked deals
218
218 tracked deals across 2018-2026.
Energy Buyers & Acquisitions in Texas
Buyer mix
Mixed buyer set
173 strategic · 104 pe
Top trend
Volume peaked in 2026
40 tracked deals announced in 2026.
Primary Insight
What Stands Out
- Natural gas midstream remains central: acquisitions expand gathering, compression, and sour gas treating footprints in Texas basins (e.g., the Midland Basin).
- Power and storage platforms show up as notable targets, including solar-plus-battery and utility-scale BESS-focused strategies.
- Upstream and acreage growth is represented by acquisitions tied to Texas producing areas such as the Giddings field and the Eagle Ford/Austin Chalk.
- Industrial energy infrastructure appears via ammonia production and associated commissioning-to-ramp timelines.
- Transaction formats vary, including full acquisitions, platform buyouts, and minority equity investments in midstream subsidiaries.
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Top Buyers
Illustrative buyers pulled from tracked transactions on this page. This table is capped and intentionally non-exhaustive.
| Buyer | # Deals | Focus | Type |
|---|---|---|---|
| Macquarie Capital Principal Finance | 3 | Principal finance arm of Macquarie Group that uses the fi... | PE |
| Ara Partners | 2 | Industrial private equity firm focused on investments in ... | PE |
| ArcLight Capital Partners, LLC | 2 | Private infrastructure-focused investment firm specializi... | PE |
| Black Bay Energy Capital | 2 | Private equity firm focused on investments in the North A... | PE |
| Crescent Energy Company | 2 | Diversified U.S. independent energy company focused on ac... | Strategic |
| EnCap Flatrock Midstream | 2 | Growth capital provider focused on midstream infrastructu... | PE |
| Energy Transfer LP | 2 | Public U.S. energy infrastructure operator with midstream... | Strategic |
| Environ Energy | 2 | Provider of sustainable energy management, procurement, e... | Strategic (PE-backed) |
| Golden Gate Capital | 2 | Private equity investment firm with extensive committed c... | PE |
| Gordon Technologies LLC | 2 | Independent provider of measurement-while-drilling (MWD) ... | Strategic (PE-backed) |
Acquisition Volume in Energy in Texas by Year
Last 9 years
Actual
Full-year estimate
Supporting Data
Recent Transactions
-
September 4, 2026
- Buyer
- SOCAR
- Target
- Comstock Resources’ Legacy Haynesville upstream assets, Comstock Resources’ Western Haynesville upstream assets, Pinnacle Gas Services
- Seller
- Comstock Resources
- Industry
- Energy
- Location
- Texas, United States
- Type
- Growth capital
Comstock Resources announced a proposed $1.65 billion strategic partnership with SOCAR under which SOCAR will acquire interests in Comstock’s Legacy Haynesville and Western Haynesville upstream assets and a portion of Comstock’s ownership interest in Pinnacle Gas Services. The parties are targeting a definitive purchase agreement by October 31, with closing planned by the end of 2026, subject to customary conditions and approvals.
-
September 3, 2026
- Buyer
- Williams
- Target
- Momentum Midstream
- Industry
- Energy
- Location
- Texas, United States
- Type
- Buyout
Williams (NYSE: WMB) has closed its approximately $5.5 billion acquisition of Momentum Midstream. The deal expands Williams’ integrated natural gas infrastructure in the Haynesville Basin, adding over 4,000 miles of pipe, 6 Bcf/d of gathering capacity, processing facilities, and three take-or-pay transportation pipelines.
-
September 3, 2026
- Buyer
- Diversified Energy, Carlyle (financing/strategic partnership)
- Target
- Birch Permian Holdings and certain affiliated companies, Birch
- Seller
- Affiliates of Elliott Investment Management
- Industry
- Energy
- Location
- Texas, United States
- Type
- Buyout
Diversified Energy has agreed to acquire Birch Permian Holdings (and certain affiliated companies) for approximately $1.8 billion, expanding its Permian Basin operated position. The company expects the deal to increase production by ~35% and adjusted EBITDA by ~55%, with closing expected in Q4 2026 subject to regulatory approvals and customary conditions.
-
August 27, 2026
- Buyer
- Sapphire Gas Solutions
- Target
- EDGE LNG
- Seller
- affiliates of Blue Water Energy
- Industry
- Energy
- Location
- Texas, United States
- Type
- Buyout
Sapphire Gas Solutions has acquired EDGE LNG, a Texas-based LNG company that provides liquefaction, delivery, and vaporization services using modular and mobile LNG equipment. The deal adds approximately 200,000 gallons per day of LNG liquefaction capacity and strengthens Sapphire’s vertically integrated LNG supply model from production through delivery.
-
- Buyer
- LS Power
- Target
- Brazos Valley Energy Center (formerly Jack Fusco Energy Center)
- Seller
- Constellation
- Industry
- Energy
- Location
- Texas, United States
- Type
- Buyout
LS Power has entered into a definitive agreement to acquire the 606-megawatt Brazos Valley Energy Center (formerly Jack Fusco Energy Center) from Constellation. The natural gas-fired combined-cycle facility is located outside Houston, Texas, and the deal is expected to close in Q4 2026 subject to regulatory approval.
-
- Buyer
- Mora Energy, NGP Energy Capital Management, LLC
- Target
- Tejon Treating and Carbon Solutions LLC, West Texas Midstream Gas Services, LLC (Quail system)
- Seller
- Bayswater Exploration & Production, LLC (funds managed by), Williams Companies, Inc.
- Industry
- Energy
- Location
- Texas, United States
- Type
- Addon
Mora Energy has closed two acquisitions in the Midland Basin: Tejon Treating and Carbon Solutions and the West Texas Midstream Gas Services (Quail) system. The deals expand Mora’s natural gas gathering, compression, and sour gas treating footprint and are supported by increased equity commitments from NGP Energy Capital Management and a new revolving credit facility led by BOK Financial and Huntington Bank.
-
- Buyer
- FIC Partners Management
- Target
- Perfect Power
- Industry
- Energy
- Location
- Texas, United States
- Type
- Buyout
FIC Partners Management acquired Perfect Power, the developer, owner, and operator of the Jaguar Energy Center in Texas. The platform combines grid-connected battery energy storage with solar generation and targets up to 1.15 GW of planned capacity across about 4,500 acres.
-
- Buyer
- 174 Power Global Retail Corporation, Hanwha Energy USA Holdings Corporation
- Target
- Powervine Energy, LLC, Powervine Energy MD, LLC
- Industry
- Energy
- Location
- Texas, United States
- Type
- Addon
174 Power Global Retail Corporation, a wholly owned subsidiary of Hanwha Energy USA Holdings Corporation, has acquired Powervine Energy, LLC and Powervine Energy MD, LLC to enter the competitive PJM retail electricity market. The retailer plans to market and sell retail electricity under the Chariot Energy Northeast and Powervine Energy brands, with product availability and terms varying by state.
-
July 28, 2026
- Buyer
- Expand Energy Corporation
- Target
- Twin Eagle Holdings, N.A., LLC
- Seller
- Five Point Infrastructure
- Industry
- Energy
- Location
- Texas, United States
- Type
- Buyout
Expand Energy has signed a definitive agreement to acquire private, asset-backed natural gas marketer and optimization business Twin Eagle for about $1.25 billion from Five Point Infrastructure. The deal is expected to close in Q3 2026, after customary conditions and regulatory approvals, and would make Twin Eagle a wholly owned subsidiary of Expand.
-
- Buyer
- Flathead Forge Fund 1
- Target
- Capwell
- Industry
- Energy
- Location
- Texas, United States
- Type
- Growth capital
Flathead Forge Fund 1 has invested in Capwell, a Houston-based methane-capture company that captures natural gas from low-flow vents that conventional equipment cannot reach. Capwell’s skid-mounted units return captured gas to the pipeline or reuse it as on-site fuel, turning a compliance cost into revenue while reducing methane emissions.
-
July 20, 2026
- Buyer
- Magnolia Oil & Gas Corporation
- Target
- WildFire Energy LLC
- Seller
- Warburg Pincus, Kayne Anderson, WildFire management team
- Industry
- Energy
- Location
- Texas, United States
- Type
- Buyout
Magnolia Oil & Gas has entered into a definitive purchase agreement to acquire WildFire Energy for approximately $4.06 billion, including WildFire’s debt. The cash-and-stock deal is designed to more than double Magnolia’s South Texas acreage in the Eagle Ford/Austin Chalk trend and deliver at least $100 million in annual synergies by 2027.
-
July 14, 2026
- Buyer
- Mitsubishi Corporation, Adamas Energy
- Target
- Aethon Energy Management, Aethon United LP, Aethon III LLC
- Industry
- Energy
- Location
- Texas, United States
- Type
- Buyout
Mitsubishi Corporation acquired 100% of Aethon Energy Management’s Aethon Fund II and Fund III assets, including Aethon United LP and Aethon III LLC, in a deal valued at $7.5 billion (including $2.3 billion in debt). The acquired assets’ operations transitioned to Adamas Energy, a newly formed Dallas-based subsidiary of Mitsubishi, which will be led by Gordon Huddleston.
-
July 7, 2026
- Buyer
- Marubeni Corporation
- Target
- EagleRidge Energy
- Industry
- Energy
- Location
- Texas, United States
- Type
- Buyout
Marubeni Corporation has completed its acquisition of EagleRidge Energy, a Dallas-based natural gas operator focused on the Barnett Shale in North Texas. The deal expands Marubeni’s North American natural gas footprint and leverages EagleRidge’s operating expertise, with EagleRidge leadership and its operating team remaining in place.
-
- Buyer
- Otovo ASA
- Target
- SunSystem Technology, LLC (SST)
- Industry
- Energy
- Location
- Texas, United States
- Type
- Buyout
Otovo ASA completed its acquisition of SunSystem Technology, LLC (SST), a U.S. provider of operations and maintenance (O&M) services for distributed generation assets. The deal includes a $200,000 cash payment at closing and an earn-out of up to $1.3 million tied to net income from U.S. operations through 2028.
-
July 2, 2026
- Buyer
- Yara International ASA, Yara North America, Inc.
- Target
- Gulf Coast Ammonia (GCA) ammonia production facility, GCA Holdings LLC
- Seller
- GCA Holdings LLC, Lotus Infrastructure Partners, MB Energy
- Industry
- Energy
- Location
- Texas, United States
- Type
- Buyout
Yara International ASA, through its U.S. subsidiary Yara North America, has agreed to acquire Gulf Coast Ammonia’s (GCA) ammonia production facility in Texas City, Texas for USD 1.3 billion. The plant, expected to reach 1.3 mtpa nameplate capacity, is currently in commissioning and is expected to ramp toward stable production by end of 2026. The acquisition supports Yara’s strategy to diversify its energy exposure and strengthen competitiveness of its global ammonia footprint, with Air Products supplying industrial gases under a long-term supply agreement.
-
- Buyer
- Natural Gas Services Group, Inc.
- Target
- Flatrock Compression Holdings
- Industry
- Energy
- Location
- Texas, United States
- Type
- Buyout
Natural Gas Services Group (NGS) acquired Flatrock Compression Holdings for $120 million, consisting of $110 million in cash and $10 million in newly issued NGS common stock. The deal expands NGS’s natural gas and electric compression rental services, increasing operational density across the Permian Basin and Eagle Ford and strengthening its large-horsepower and electric motor-driven compression capabilities.
-
- Buyer
- Sixth Street (certain funds managed by)
- Target
- Pinnacle Gas Services LLC
- Seller
- Comstock Resources, Inc.
- Industry
- Energy
- Location
- Texas, United States
- Type
- Growth capital
Comstock Resources sold a 27% non-controlling minority equity interest in its midstream subsidiary Pinnacle Gas Services LLC to certain funds managed by Sixth Street for $600 million. The investment values Pinnacle at a $2.2 billion enterprise value, while Comstock retained 73% controlling equity and continues to manage, operate, and control Pinnacle under a management services agreement.
-
June 5, 2026
- Buyer
- T1 Energy
- Target
- KORE Power
- Seller
- KORE Power shareholders (including shareholders representing a majority of shares supporting the transaction)
- Industry
- Energy
- Location
- Texas, United States
- Type
- Buyout
T1 Energy has entered into a definitive agreement to acquire KORE Power in an approximately $32 million enterprise value deal, expected to close in Q2 2026. The acquisition strengthens T1 Energy’s position in utility-scale battery energy storage systems (BESS) and provides its NRI division’s engineering, deployment, and U.S.-based software/controls capabilities.
-
- Buyer
- Chord Energy, Olive Tree Capital
- Target
- MaverickX
- Industry
- Energy
- Location
- Texas, United States
- Type
- Growth capital
MaverickX announced it has closed a strategic capital round with Chord Energy, the largest exploration and production company in the Bakken. Chord committed to multiple early field deployments of MaverickX’s PetroX Boost production enhancement technology, and Olive Tree Capital also invested in the round.
-
May 19, 2026
- Buyer
- Soluna Holdings
- Target
- Project Dorothy 1B (D1B)
- Seller
- Navitas Global
- Industry
- Energy
- Location
- Texas, United States
- Type
- Buyout
Soluna Holdings acquired the remaining 49% equity interest in Project Dorothy 1B (D1B) from Navitas Global for approximately $8.8 million, completing Soluna’s equity consolidation of the Dorothy 1 campus in Silverton, Texas. The transaction closed on May 19, 2026 and gives Soluna full ownership of D1B, supporting its strategy to vertically integrate renewable power generation with high-performance computing infrastructure.
-
- Buyer
- Everlert, Inc. (now operating as American Gold & Copper Inc.), Earth Sciences Fund I LLC
- Target
- American Copper & Gold Inc., South American Copper Ltd., Minerasac S.A. S.R.L., Ascensión de Guarayos gold, copper and silver project
- Industry
- Energy
- Location
- Texas, United States
- Type
- Recapitalization
Everlert, Inc. (now operating as American Gold & Copper Inc.) announced the closing of its previously announced reverse merger effective May 12, 2026. The transaction transferred voting control to Earth Sciences Fund I LLC and resulted in the company acquiring 100% of American Copper & Gold Inc., including its wholly owned subsidiaries that hold the Ascensión de Guarayos gold, copper and silver project in Bolivia.
-
May 11, 2026
- Buyer
- VoltaGrid LLC, Blackstone Tactical Opportunities (funds managed by Blackstone), Halliburton Company
- Target
- Propell Energy Technology Ltd. and its affiliates, Propell Energy Technology Ltd., Propell Technologies Group Inc.
- Seller
- Existing investors (for the $225 million secondary purchase)
- Industry
- Energy
- Location
- Texas, United States
- Type
- Buyout
VoltaGrid signed agreements for a $1.0 billion strategic equity investment led by funds managed by Blackstone Tactical Opportunities and Halliburton, including a $775 million primary capital raise and a $225 million secondary purchase. In addition, VoltaGrid signed a definitive agreement to acquire Propell Energy Technology Ltd. and its affiliates, a key supplier, to build a more vertically integrated behind-the-meter power generation platform.
-
- Buyer
- Strategic Value Partners, LLC (SVP) (SVP Funds), EverGen Power
- Target
- New Frontera Holdings, LLC (New Frontera Holdings / Frontera)
- Industry
- Energy
- Location
- Texas, United States
- Type
- Buyout
Strategic Value Partners’ managed funds (SVP Funds) acquired a majority of the equity interests in New Frontera Holdings, LLC (“Frontera”), a 530 MW natural gas-fired combined-cycle power plant in Mission, Texas. The deal is executed via SVP’s strategic partnership with EverGen Power, a platform formed in 2024 to acquire and operate critical power infrastructure across North America.
-
- Buyer
- DME Energy Resources
- Target
- Conductive Energy
- Industry
- Energy
- Location
- Texas, United States
- Type
- Buyout
DME Energy Resources acquired Conductive Energy to create Empower EIT, a vertically integrated direct lithium extraction (DLE) and battery-grade lithium production platform. Empower EIT is consolidating engineering, manufacturing, and R&D teams into a new Dallas headquarters and innovation facility, and plans to advance commercial-scale lithium production.
-
- Buyer
- 1606 Corp.
- Target
- Sim Agro Inc.
- Industry
- Energy
- Location
- Texas, United States
- Type
- Buyout
1606 Corp. signed a definitive agreement to acquire a majority controlling interest in Sim Agro Inc., a power-plant operations and energy-infrastructure company. The combined platform is intended to develop and operate captive power and data-center-ready infrastructure to serve AI and high-performance computing markets.
-
- Buyer
- Mobius Renewables, IFM Investors
- Target
- Air Liquide biogas production activities (U.S., France, Norway, Sweden), Redo Biosolutions
- Seller
- Air Liquide, GreenGasUSA (brand referenced as operating under one brand; not clearly described as a seller), Skagerak Energi (remains a minority owner; referenced but not described as seller)
- Industry
- Energy
- Location
- Texas, United States
- Type
- Buyout
Mobius Renewables, backed by funds managed by IFM Investors, completed the acquisition of Air Liquide’s biogas production activities across the United States, France, Norway, and Sweden. The deal includes operating landfill gas-to-RNG sites in the U.S., farm waste digestion sites in France, and a 51% stake in Norway- and Sweden-based Redo Biosolutions.
-
April 30, 2026
- Buyer
- United Energy Corporation
- Target
- Alkane Modus Vis Inc, Alkane Midstream
- Industry
- Energy
- Location
- Texas, United States
- Type
- Buyout
United Energy Corporation announced it will acquire Alkane Modus Vis Inc and subsequently purchase assets from Alkane Midstream in a transaction valued at approximately $31 million. The deal adds a fully operational 100,000-gallons-per-day LNG production facility and related LNG infrastructure, logistics equipment, and operating contracts in Seminole, Texas, expanding United’s Energy Fulfillment platform for industrial, oilfield, and data infrastructure customers across North America.
-
April 15, 2026
- Buyer
- Progeny 3, Inc., Intrepid Investment Management, LLC
- Target
- Cadre Energy Solutions, LLC
- Industry
- Energy
- Location
- Texas, United States
- Type
- Growth capital
Cadre Energy Solutions, LLC raised additional equity capital to accelerate its growth in contract natural gas compression services. Progeny 3, Inc. joined existing equity partner Intrepid Investment Management, LLC to fund fleet expansion and pursue additional strategic opportunities.
-
- Buyer
- Antin Infrastructure Partners
- Target
- Sapphire Gas Solutions
- Seller
- Funds managed by affiliates of Apollo Global Management
- Industry
- Energy
- Location
- Texas, United States
- Type
- Buyout
Antin Infrastructure Partners acquired Sapphire Gas Solutions, a compressed and liquefied natural gas solutions provider based in Conroe, Texas, from funds managed by affiliates of Apollo Global Management. Sapphire’s CEO Sam Thigpen will continue to lead the company as Antin’s infrastructure platform supports expansion across key U.S. energy markets.
-
- Buyer
- Innovation Beverage Group Ltd.
- Target
- BlockFuel Energy Inc.
- Seller
- Certain shareholders of BlockFuel Energy Inc.
- Industry
- Energy
- Location
- Texas, United States
- Type
- Buyout
Innovation Beverage Group Ltd. (IBG) acquired a controlling 51% stake in BlockFuel Energy Inc. (BFE) through a share exchange with certain BFE shareholders. The parties also executed an amended and restated merger agreement, under which BFE is expected to become a wholly owned subsidiary of IBG and BFE equity holders are expected to hold about 90% of the combined company (subject to customary adjustments).
-
March 24, 2026
- Buyer
- Energy Vault Holdings, Inc.
- Target
- McMurtre Battery Energy Storage System (BESS) project (175 MW / 350 MWh)
- Seller
- Belltown Power
- Industry
- Energy
- Location
- Texas, United States
- Type
- Buyout
Energy Vault Holdings acquired the 175 MW / 350 MWh McMurtre battery energy storage system (BESS) project near Dallas, Texas, from Belltown Power. The project is expected to receive Notice to Proceed in Q4 2026 and target commercial operation for December 2027, with Energy Vault planning to contribute it to its Asset Vault investment platform at Ready-to-Build status.
-
March 16, 2026
- Buyer
- Tactical Resources Corp.
- Target
- Sierra Blanca Quarry, LLC (SBQ)
- Seller
- Sierra Blanca Quarry, LLC (SBQ), Dennis Walker, Becky Dean Walker
- Industry
- Energy
- Location
- Texas, United States
- Type
- Buyout
Tactical Resources Corp. has entered into a Purchase and Sale Agreement (PSA) with Sierra Blanca Quarry, LLC (SBQ) and Dennis Walker and Becky Dean Walker to secure tailings access and an option for broader Sierra Blanca Quarry ownership tied to its Peak Rare Earth Project. Under the deal, Tactical will acquire membership interests of SBQ via an exclusive option for a purchase price of US$29.0 million (subject to adjustments), expected to be split 50% cash and 50% equity, and will also acquire about four million tons of 2026 tailings.
-
March 12, 2026
- Buyer
- Ara Energy
- Target
- Gate City Power, Gate City Renewable Fuels, JET retail fuel network interest
- Seller
- HF Capital
- Industry
- Energy
- Location
- Texas, United States
- Type
- Buyout
Ara Partners’ energy platform, Ara Energy, will acquire Gate City Power, Gate City Renewable Fuels, and an interest in the JET retail fuel network for approximately $875 million. The deal is financed with equity from Ara-managed funds and co-investment vehicles and is expected to close in early 2026, subject to regulatory approvals and customary closing conditions.
-
- Buyer
- Renewal Fuels, Inc. (operating as American Fusion)
- Target
- Kepler Fusion Technologies Inc., Kepler Fusion Technologies (Texatron aneutronic fusion platform / wholly owned subsidiary of Renewal Fuels, Inc.)
- Industry
- Energy
- Location
- Texas, United States
- Type
- Buyout
Renewal Fuels, Inc., operating as American Fusion, announced that all closing conditions for its previously disclosed transaction with Kepler Fusion Technologies Inc. have been satisfied and the Kepler Fusion deal is now formally closed. The company said the completion supports finalization of acquisition accounting and SEC/audit milestones, while continuing to expand Texatron platform patents and regulatory efforts.
-
February 18, 2026
- Buyer
- MidCentral Energy Partners
- Target
- Expanse Electrical Company
- Industry
- Energy
- Location
- Texas, United States
- Type
- Buyout
MidCentral Energy Partners has acquired Expanse Electrical Company, a provider of electrical, automation, and power infrastructure services. The acquisition expands MidCentral's capabilities in high-voltage construction, substation automation, and field-level controls to better serve oil & gas, utility, data center, and industrial customers.
-
February 9, 2026
- Buyer
- Transocean
- Target
- Valaris
- Industry
- Energy
- Location
- Texas, United States
- Type
- Buyout
Transocean and Valaris have signed a definitive agreement to combine in an all-stock transaction valued at approximately $5.8 billion, with Transocean acquiring Valaris. The deal is structured as a court-approved scheme of arrangement under Bermuda law and is expected to close in the second half of 2026, subject to regulatory and shareholder approvals.
-
- Buyer
- USA Compression Partners LP
- Target
- J-W Power Company
- Industry
- Energy
- Location
- Texas, United States
- Type
- Buyout
USA Compression Partners LP (USAC) agreed to acquire J-W Power Company in an approximately $860 million transaction to expand its contract compression fleet and specialty manufacturing capabilities. The deal was completed with funding split between $430 million cash from its revolving credit facility and issuance of about 18.2 million common units. The combined platform adds more than 0.8 million active horsepower, bringing USAC’s fleet to around 4.4 million active horsepower across key US regions.
-
January 9, 2026
- Buyer
- NextEra Energy Resources, NextEra Energy, Inc.
- Target
- Symmetry Energy Solutions
- Seller
- Energy Capital Partners (ECP)
- Industry
- Energy
- Location
- Texas, United States
- Type
- Buyout
NextEra Energy Resources (a unit of NextEra Energy, Inc.) has acquired Symmetry Energy Solutions from private equity firm Energy Capital Partners (ECP). The acquisition expands NextEra's natural gas supply, logistics and asset-management capabilities; Symmetry is a Houston-based retail natural gas supplier serving thousands of commercial and industrial customers.
-
- Buyer
- Constellation Energy Corporation, Constellation Energy (operating entity references in coverage)
- Target
- Calpine Corporation
- Seller
- Energy Capital Partners (ECP)
- Industry
- Energy
- Location
- Texas, United States
- Type
- Buyout
Constellation Energy completed its acquisition of Calpine Corporation from Energy Capital Partners (ECP) in a transaction valued at $26.6 billion, creating the largest U.S. electricity producer. The combined company pairs Constellation’s nuclear generation with Calpine’s natural gas and geothermal assets to serve 2.5 million retail and business customers nationwide.
-
January 6, 2026
- Buyer
- Lane42 Investment Partners, Karis Midstream Partners
- Target
- Aqua Terra Permian, LLC
- Industry
- Energy
- Location
- Texas, United States
- Type
- Buyout
Lane42 Investment Partners, in partnership with Karis Midstream Partners, has acquired Aqua Terra Permian, an energy midstream company operating gathering, transportation and saltwater disposal assets in the Permian Basin. The investment will strengthen the company’s balance sheet and provide capital to support growth as the platform will be led by the Karis team with Odely Sakazi as CEO and David Melton as COO.
-
December 16, 2025
- Buyer
- Iron Oak Energy Solutions LLC
- Target
- Superior Silica Sands LLC
- Industry
- Energy
- Location
- Texas, United States
- Type
- Buyout
Iron Oak Energy Solutions LLC acquired Superior Silica Sands LLC in an all-stock transaction, adding over 3 million tons per year of frac sand production capacity and expanding Iron Oak's footprint in the Eagle Ford Shale. The deal increases Iron Oak's total annual production capacity to roughly 40 million tons and broadens the combined platform's ability to serve oil & gas, construction and industrial sand markets.
-
December 15, 2025
- Buyer
- TRM
- Target
- Sheffield Scientific
- Seller
- Joshua Weinstein (primary owner of Sheffield Scientific)
- Industry
- Energy
- Location
- Texas, United States
- Type
- Buyout
TRM, an Alexandria-based enterprise asset management and reliability consultancy, has acquired Sheffield Scientific, a Katy, Texas consulting firm focused on EAM (IBM Maximo, Hitachi Asset Suite) and OT cybersecurity for power generation. The deal strengthens TRM's power generation capabilities, adds Sheffield's Serket OT risk-management software and specialist personnel, and increases TRM's headcount to more than 180 employees.
-
December 11, 2025
- Buyer
- Spotlight Energy, LLC
- Target
- PathPoint Energy LLC
- Industry
- Energy
- Location
- Texas, United States
- Type
- Buyout
Spotlight Energy, a Houston-based wholesale energy marketing firm, has completed its acquisition of PathPoint Energy, a natural gas trading, logistics, and asset optimization specialist. The deal expands Spotlight's commercial trading and optimization capabilities and strengthens its footprint across core U.S. and Canadian natural gas and power markets.
-
December 10, 2025
- Buyer
- Natura Resources, NOV Inc. (investor)
- Target
- Shepherd Power
- Seller
- NOV Inc.
- Industry
- Energy
- Location
- Texas, United States
- Type
- Buyout
Natura Resources has acquired Shepherd Power from NOV Inc., adding Shepherd's regulatory, licensing, and reactor deployment expertise to accelerate commercialization of Natura's molten-salt small modular reactor (MSR) technology. NOV will partner with Natura on manufacturing and project execution, invest in Natura and appoint a board representative to support delivery of gigawatts of SMRs for data center and industrial customers in the early 2030s.
-
December 9, 2025
- Buyer
- LS Power
- Target
- BP Wind Energy North America Inc.
- Seller
- bp
- Industry
- Energy
- Location
- Texas, United States
- Type
- Addon
LS Power completed the acquisition of bp’s US onshore wind business, BP Wind Energy North America Inc., adding approximately 1,300 MW of operating onshore wind capacity across 10 projects. The assets will be integrated into LS Power affiliate Clearlight Energy, expanding Clearlight’s national footprint and increasing LS Power’s North American renewable generation scale.
-
- Buyer
- Mirion Technologies, Inc.
- Target
- Paragon Energy Solutions
- Seller
- Windjammer Capital Investors
- Industry
- Energy
- Location
- Texas, United States
- Type
- Buyout
Mirion Technologies, Inc. (NYSE: MIR) has completed the acquisition of Paragon Energy Solutions, a Fort Worth-based provider of engineered electrical, instrumentation & controls, HVAC, mechanical and flow components for nuclear power plants and small modular reactors. Paragon was sold by Windjammer Capital Investors, which had acquired the company in November 2021 and supported product expansion and sales-channel investments to position Paragon for growth in the nuclear sector.
-
- Buyer
- Amber Energy Inc.
- Target
- PDV Holding, Inc., CITGO Petroleum Corporation
- Industry
- Energy
- Location
- Texas, United States
- Type
- Buyout
Amber Energy Inc. has been approved by the U.S. District Court for the District of Delaware to acquire PDV Holding, Inc., the parent of CITGO Petroleum Corporation. The transaction is expected to close in 2026 (mid-2025 per another source), subject to regulatory approvals and satisfaction of customary closing conditions.
-
November 21, 2025
- Buyer
- Energy Overwatch
- Target
- Porosity
- Industry
- Energy
- Location
- Texas, United States
- Type
- Buyout
Energy Overwatch has acquired Porosity, a Houston-based software and AI company, to integrate Porosity’s digital workflow, data‑integration, and AI-driven variance detection capabilities into Energy Overwatch’s compliance SaaS and field services platform. The deal (closed November 21, 2025) expands Energy Overwatch’s ability to provide unified regulatory management, emissions monitoring, and real‑time operational intelligence to upstream, midstream, and downstream oil & gas operators.
-
- Buyer
- Hitachi Energy, Blackstone Energy Transition Partners
- Target
- Shermco
- Seller
- Private equity funds affiliated with Blackstone
- Industry
- Energy
- Location
- Texas, United States
- Type
- Growth capital
Hitachi Energy has acquired a minority stake in Shermco, a leading North American electrical services provider, in partnership with Blackstone Energy Transition Partners. The strategic investment aims to expand Hitachi Energy's service capabilities across North America, accelerate Shermco's growth, and develop new digital service offerings to improve grid reliability and asset lifecycle management.
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October 3, 2025
- Buyer
- Alkhorayef Petroleum Company (APC)
- Target
- GRC Technologies
- Industry
- Energy
- Location
- Texas, United States
- Type
- Buyout
Saudi Arabia-headquartered Alkhorayef Petroleum Company (APC) has acquired Houston-based GRC Technologies, a supplier of precision downhole gauges and well instrumentation. The deal adds ESP sensors and digital intelligence capabilities to APC’s artificial lift product suite, strengthening its end-to-end ESP solutions and accelerating integration of data-driven and AI-enabled optimisation.
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Frequently Asked Questions
What types of energy deals are covered for Texas?
The highlights include natural gas midstream (treating and compression), power generation and grid-connected storage, upstream/acreage expansion, and industrial energy facilities such as ammonia production.
Which Texas regions or basins are referenced in the deals?
The page facts specifically mention the Midland Basin, North Texas/Barnett Shale, Permian Basin and Eagle Ford (for compression services), and the Giddings field and South Texas Eagle Ford/Austin Chalk.
Do the transactions include both majority and minority investments?
Yes. For example, Comstock Resources sold a 27% non-controlling minority stake in Pinnacle Gas Services LLC to certain funds managed by Sixth Street, while Comstock retained controlling equity.
Are there deals focused on battery storage and solar?
Yes. The page includes acquisitions tied to battery energy storage systems (BESS) and solar-plus-storage platforms, such as the Jaguar Energy Center platform and a transaction strengthening a BESS position for utility-scale deployments.