Top Oil & Gas Acquirers (2001-2026)

Tracked deals

286

286 tracked deals across 2001-2026.

Buyer mix

Strategic-led

259 strategic · 94 pe

Top trend

Volume peaked in 2026

46 tracked deals announced in 2026.

Primary Insight

What Stands Out

  • San Mateo Midstream expanded its natural gas gathering and processing footprint via an acquisition of Cardinal Midstream’s operating subsidiaries in the northern Delaware Basin (United States).
  • BP completed the sale of its Gelsenkirchen refinery and related businesses to Klesch Group (Germany), aligning with portfolio simplification and capital reallocation.
  • Upstream expansion shows up through acreage and producing-asset deals, including Matador Resources in the Delaware Basin (Texas, United States) and SandRidge Energy in the Cherokee Play (Mid-Continent region).
  • Europe-focused consolidation is also present, such as Vår Energi ASA combining with BlueNord ASA in Norway.
  • The list includes both asset and capability acquisitions—e.g., Spotfire acquired Enertel Holdings to expand oil & gas asset valuation and economic analytics for upstream forecasting.

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Buyer Snapshot

Top Buyers

Illustrative buyers pulled from tracked transactions on this page. This table is capped and intentionally non-exhaustive.

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Buyer # Deals Focus Type
Strathcona Resources Ltd. 5 North American oil & gas producer focused on thermal oil,... Strategic (PE-backed)
Offen Petroleum 4 Independent distributor of motor fuel, propane, lubricant... Strategic (PE-backed)
Gladstone Investment Corporation 3 Publicly traded business development company (BDC) that m... PE
Harvest Midstream 3 Privately held midstream service provider operating crude... Strategic
Ranger Energy Services, Inc. 3 Independent provider of well service rigs and associated ... Strategic
RelaDyne 3 National distributor of lubricants, fuel, diesel exhaust ... Strategic (PE-backed)
Superior Plus Corp. 3 Integrated propane distribution and specialty chemicals c... Strategic
Xyresic Capital 3 Independent sponsor / lower-middle-market private equity ... PE
CIC Partners 2 Middle-market private equity firm that invests growth cap... PE
California Resources Corporation 2 Independent energy company focused on oil and gas product... Strategic

Acquisition Volume in Oil & Gas by Year

Last 10 years

Acquisition volume by year Annual acquisition counts for the last 10 years for Top Oil & Gas Acquirers (2001-2026). 1 2017 3 2018 19 2019 25 2020 28 2021 39 2022 40 2023 42 2024 37 2025 ~64 est. 46 2026
Actual Full-year estimate

Supporting Data

Recent Transactions

  • Tamarack Valley Energy and Headwater Exploration to Combine in $10 Billion All-Stock Deal
    September 12, 2026
    Buyer
    Tamarack Valley Energy Ltd.
    Target
    Headwater Exploration Ltd., Tributary Exploration (newly formed exploration and development company)
    Industry
    Oil & Gas
    Location
    Alberta, Canada
    Type
    Buyout

    Tamarack Valley Energy and Headwater Exploration have entered into a definitive agreement to combine in an all-stock transaction valued at $10 billion. The deal is expected to create the largest producer focused exclusively on the Clearwater oil play, with Headwater shareholders receiving 1 Tamarack share per Headwater share.

  • California Resources Corporation Acquires Crimson Midstream Holdings
    September 4, 2026
    Buyer
    California Resources Corporation
    Target
    Crimson Midstream Holdings
    Seller
    CorEnergy Infrastructure Trust
    Industry
    Oil & Gas
    Location
    California, United States
    Type
    Buyout

    California Resources Corporation (CRC) completed its approximately $63 million all-cash acquisition of Crimson Midstream Holdings from CorEnergy Infrastructure Trust. The deal was approved by the California Public Utilities Commission on August 13, 2026 and closed September 1. CRC said Crimson’s midstream network expands its integrated California energy platform and strengthens its ability to move locally produced oil to higher-value markets while adding pipeline corridors that could support future CO2 transportation infrastructure.

  • Shell Acquires Remaining Stake in Tri Star Energy, Adds 320 Fuel and Convenience Retail Sites
    September 1, 2026
    Buyer
    Shell
    Target
    Tri Star Energy
    Seller
    The Parman Corporation, Kimbro Oil Company
    Industry
    Oil & Gas
    Location
    Tennessee, United States
    Type
    Buyout

    Shell has signed an agreement to acquire the remaining 67% interest in Tri Star Energy, increasing its ownership to 100%. The deal will add 320 company-owned fuel and convenience retail locations across Tennessee and neighboring states, with additional supply agreements covering 552 dealer-owned sites.

  • DNO ASA to Acquire Capricorn Energy for $396 Million
    September 1, 2026
    Buyer
    DNO ASA
    Target
    Capricorn Energy
    Seller
    Capricorn shareholders (holders of Capricorn Energy shares)
    Industry
    Oil & Gas
    Location
    United Kingdom
    Type
    Buyout

    DNO reached an agreement to acquire Capricorn Energy in a recommended all-cash transaction valued at approximately $396 million (fully diluted). The offer of $5.214 per share includes $4.224 per share in cash plus a planned special dividend of $0.99 per share, and it is intended to give DNO a major entry into Egypt, expanding beyond its North Sea and Kurdistan operations.

  • Continental Resources Acquires 50% Interest in Phoenix Global Resources, Forming a 50/50 Vaca Muerta JV with Mercuria
    August 20, 2026
    Buyer
    Continental Resources
    Target
    Phoenix Global Resources
    Seller
    Mercuria Energy Group
    Industry
    Oil & Gas
    Location
    Neuquén, Argentina
    Type
    Buyout

    Mercuria’s Phoenix Global Resources announced that Continental Resources has signed a Heads of Agreement to acquire a 50% interest in Phoenix. After completion, Mercuria and Continental will become equal owners of a newly formed 50/50 joint-venture operating company focused on developing and expanding Phoenix’s Vaca Muerta position in Argentina.

  • Continental Resources Acquires FireBird Energy II LLC
    August 20, 2026
    Buyer
    Continental Resources
    Target
    FireBird Energy II LLC
    Seller
    Quantum Capital Group
    Industry
    Oil & Gas
    Location
    Texas, United States
    Type
    Buyout

    Continental Resources entered into an agreement to acquire FireBird Energy II LLC from Quantum Capital Group. The all-cash acquisition will expand Continental’s Permian Basin position by adding ~54,000 net acres in the Midland Basin, along with producing and development inventory adjacent to its existing footprint, with expected closing in September 2026.

  • Sunoco LP to Acquire Offen Petroleum for Approximately $600 Million
    August 14, 2026
    Buyer
    Sunoco LP
    Target
    Offen Petroleum
    Industry
    Oil & Gas
    Location
    Texas, United States
    Type
    Buyout

    Sunoco LP entered into a definitive agreement to acquire Offen Petroleum in an all-cash transaction valued at approximately $600 million. The deal expands Sunoco’s fuel distribution scale and geographic footprint across the Midwest, Mountain West, and Southwest U.S. regions, while enabling future bolt-on acquisitions subject to regulatory approval.

  • Presidio Production Company Acquires Canyon Creek Assets
    August 11, 2026
    Buyer
    Presidio Production Company
    Target
    Canyon Creek assets
    Seller
    companies controlled by Vortus Investments, additional sellers
    Industry
    Oil & Gas
    Location
    Texas, United States
    Type
    Buyout

    Presidio Production Company closed its acquisition of the Canyon Creek assets in July 2026, marking its first deal in the Arkoma Basin and its second acquisition as a public company. Presidio funded the transaction using its ABS Warehouse Facility and issued shares to the sellers in connection with the closing.

  • ARKO Petroleum Corp Agrees to Acquire U.S. Petroleum Partners, LLC (USPP)
    August 6, 2026
    Buyer
    ARKO Petroleum Corp.
    Target
    U.S. Petroleum Partners, LLC (USPP)
    Seller
    U.S. Petroleum Partners, LLC (USPP)
    Industry
    Oil & Gas
    Location
    Arkansas, United States
    Type
    Buyout

    ARKO Petroleum Corp. agreed to acquire the business of U.S. Petroleum Partners, LLC (USPP), a vertically integrated fuel supply and distribution platform serving customers in the Great Lakes region. The deal is expected to add approximately 280 million gallons of annual fuel volume and about $30 million of annual adjusted EBITDA, funded with cash at closing plus an escrowed earn-out portion. Closing is subject to customary conditions and there is no certainty the transaction will close.

  • Maurel & Prom to Acquire Gran Tierra’s Colombia and Ecuador Oil Assets for $1.33 Billion
    August 5, 2026
    Buyer
    Établissements Maurel & Prom S.A. (Maurel & Prom)
    Target
    Gran Tierra Energy CI GmbH
    Seller
    Gran Tierra Energy Inc., Gran Tierra Energy Inc. (via a wholly owned subsidiary)
    Industry
    Oil & Gas
    Location
    Alberta, Canada
    Type
    Divestiture

    Établissements Maurel & Prom (Maurel & Prom) has entered into a definitive share purchase agreement to acquire Gran Tierra Energy’s assets and operations in Colombia and Ecuador via Gran Tierra Energy CI GmbH. The transaction is valued at $1.33 billion, with closing targeted for on or about December 31, 2026, and includes assumptions/rollover of Gran Tierra debt instruments and related liabilities.

  • BP Completes Sale of Gelsenkirchen Refinery to Klesch Group
    August 3, 2026
    Buyer
    Klesch Group
    Target
    BP’s Gelsenkirchen refinery and related businesses
    Seller
    BP
    Industry
    Oil & Gas
    Location
    Germany
    Type
    Divestiture

    BP has completed the sale of its Gelsenkirchen refinery and related businesses in Germany to Klesch Group. The transaction supports BP’s portfolio simplification and balance-sheet strengthening while directing capital toward higher-return assets.

  • Vår Energi to Combine With BlueNord to Create Europe’s Largest Independent Oil and Gas Producer
    July 24, 2026
    Buyer
    Vår Energi ASA
    Target
    BlueNord ASA
    Industry
    Oil & Gas
    Location
    Norway
    Type
    Buyout

    Vår Energi and BlueNord agreed to combine their businesses in a statutory merger expected to create Europe’s largest independent oil and gas producer. BlueNord shareholders will receive newly issued Vår Energi shares plus cash consideration, and the transaction is expected to close around the end of 2026 subject to approvals and regulatory clearances.

  • Matador Resources to Acquire EnCap-Backed Paloma Permian and Ridge Runner Resources II Woodford Acreage
    July 23, 2026
    Buyer
    Matador Resources Company
    Target
    Paloma Permian LLC, Ridge Runner Resources II, LLC
    Seller
    EnCap Investments (portfolio ownership noted), Ridge Runner Resources II (seller of the Woodford acreage to Matador)
    Industry
    Oil & Gas
    Location
    Texas, United States
    Type
    Buyout

    Matador Resources has entered into a definitive agreement to acquire Paloma Permian LLC, an EnCap Investments portfolio company, for $1.275 billion in cash. In addition, Matador agreed to acquire Woodford acreage from Ridge Runner Resources II, also an EnCap portfolio company, expanding its Delaware Basin position and Woodford play footprint (Paloma and Ridge Runner expected to close in the fourth quarter of 2026).

  • ConocoPhillips To Acquire 42% Stake In BP Energy Company of Kirkuk Limited
    July 18, 2026
    Buyer
    ConocoPhillips
    Target
    BP Energy Company of Kirkuk Limited
    Seller
    bp
    Industry
    Oil & Gas
    Location
    Kirkuk Governorate, Iraq
    Type
    Growth capital

    bp and ConocoPhillips agreed to terms under which ConocoPhillips will acquire a 42% interest in BP Energy Company of Kirkuk Limited. The partnership is intended to support the redevelopment of multiple large oil and gas fields in Iraq’s Kirkuk region and increase long-term production potential under a development and production contract.

  • Equinor to Acquire bp’s Interest in Bay du Nord Project
    July 7, 2026
    Buyer
    Equinor
    Target
    Bay du Nord project (bp interest)
    Seller
    bp
    Industry
    Oil & Gas
    Location
    Rogaland, Norway
    Type
    Buyout

    Equinor has reached an agreement with bp to acquire bp’s interest in the Bay du Nord offshore Canada project, increasing Equinor’s ownership to 100%. The transaction supports Equinor’s portfolio simplification as it continues maturing Bay du Nord toward a final investment decision targeted for early 2027.

  • SandRidge Energy to Acquire Producing Assets in the Cherokee Play
    June 29, 2026
    Buyer
    SandRidge Energy, Inc.
    Target
    Producing assets and leasehold interests in the Cherokee Play (Mid-Continent region)
    Industry
    Oil & Gas
    Location
    United States
    Type
    Buyout

    SandRidge Energy entered into a definitive agreement to acquire producing assets and leasehold interests in the Cherokee Play in the Mid-Continent region for $65 million in cash, subject to customary purchase price adjustments. The deal is expected to close in the third quarter of 2026, with a May 1, 2026 effective date.

  • Spotfire Acquires Enertel Holdings
    June 18, 2026
    Buyer
    Spotfire
    Target
    Enertel Holdings
    Industry
    Oil & Gas
    Location
    Texas, United States
    Type
    Buyout

    Spotfire, a business unit of Cloud Software Group, acquired Enertel Holdings to expand oil and gas asset valuation and economic analytics capabilities. Enertel’s QuantumCast forecasting and valuation workflows will be integrated into Spotfire Industry Pro to support upstream production forecasting, probabilistic type curves, and economic modeling.

  • WINTON GROUP Ltd Acquires New Stake in Agnico Eagle Mines Limited
    June 10, 2026
    Buyer
    WINTON GROUP Ltd
    Target
    Agnico Eagle Mines Limited
    Industry
    Oil & Gas
    Location
    Ontario, Canada
    Type
    Growth capital

    WINTON GROUP Ltd acquired an additional 5,000 shares of Agnico Eagle Mines Limited (AEM) in the fourth quarter, according to HoldingsChannel/MarketBeat. The stake was valued at approximately $848,000, with other institutional investors also making share adjustments during the same period.

  • Mercuria Acquires Raízen's Argentina Downstream Operations
    June 4, 2026
    Buyer
    Mercuria Energy Group
    Target
    Raízen's downstream and related operations in Argentina, Raízen Argentina
    Seller
    Raízen
    Industry
    Oil & Gas
    Location
    Argentina
    Type
    Buyout

    Mercuria Energy Group signed a binding agreement to acquire 100% of Raízen's downstream and related operations in Argentina. The acquired businesses include refining, fuel distribution, and associated infrastructure assets, subject to customary closing conditions and regulatory approvals.

  • Northern Oil and Gas Agrees to Buy 25% Stake in Parallax Energy Operating's Duvernay Light-Oil Assets
    May 26, 2026
    Buyer
    Northern Oil and Gas, Inc., Carnelian Energy Capital Management, L.P.
    Target
    Parallax Energy Operating Inc., Light-Oil Duvernay Assets (Duvernay East Shale Basin)
    Seller
    Parallax Energy Operating Inc. (Seller referenced for the assets/interest)
    Industry
    Oil & Gas
    Location
    Minnesota, United States
    Type
    Buyout

    Northern Oil and Gas (NOG) has agreed to purchase an undivided 25% interest in Parallax Energy Operating Inc.’s Light-Oil Duvernay assets for an initial unadjusted purchase price of CA$350 million (about US$259 million). The transaction is funded with NOG common stock plus cash and includes potential CA$25 million contingent consideration, with NOG expecting to close late in the second quarter of 2026.

  • LNG Energy Group Corp. and Fifth Ocean Management LP to Form a 50/50 JV to Invest up to US$200M in Venezuelan Oil and Gas
    May 26, 2026
    Buyer
    LNG Energy Group Corp., Fifth Ocean Management LP, Westlawn Group
    Target
    Existing and future oil and gas blocks in Venezuela (via new JV company)
    Industry
    Oil & Gas
    Location
    Ontario, Canada
    Type
    Growth capital

    LNG Energy Group Corp. entered into a binding exclusivity agreement and letter of intent to establish a 50/50 joint venture with Fifth Ocean Management LP, in partnership with Westlawn Group, to explore and develop oil and gas blocks in Venezuela. The proposed JV company would be organized in the United States, with LNG contributing existing Venezuela oil and gas assets and Fifth Ocean funding an investment program of up to US$200 million, subject to due diligence and definitive agreements.

  • ENEOS to Acquire Chevron’s Downstream Refining, Marketing and Retail Assets in Southeast Asia and Australia
    May 14, 2026
    Buyer
    ENEOS Holdings Inc.
    Target
    Chevron South Asia Holdings Pte. Ltd.-held Chevron Singapore Pte. Ltd.'s 50% non-operated interest in Singapore Refining Co.'s Jurong Island refining complex, Chevron Lubricants Vietnam Ltd., Chevron Malaysia Ltd., Chevron Philippines Inc., Chevron Australia Downstream Holdings Pty. Ltd., PT Chevron Oil Products Indonesia (Chevron’s 99.99% stake)
    Seller
    Indirect subsidiaries of Chevron Corp.
    Industry
    Oil & Gas
    Location
    Singapore
    Type
    Buyout

    ENEOS Holdings, via a newly established special purpose vehicle, has entered into share purchase agreements with indirect Chevron subsidiaries to acquire Chevron’s interests in downstream refining, marketing and retail assets across Southeast Asia-Pacific and Australia for $2.17 billion. The portfolio includes Chevron’s stake in Singapore’s Jurong Island refinery (Singapore Refining Co.), along with Caltex-branded retail and lubricants businesses in Vietnam, Malaysia, the Philippines and Indonesia, and Australia downstream marketing interests. The transaction is expected to close in 2027, subject to regulatory approvals and closing conditions.

  • bp Acquires 40% Participating Interest in North Ustyurt PSA in Uzbekistan
    May 13, 2026
    Buyer
    bp
    Target
    North Ustyurt Production Sharing Agreement (PSA) exploration blocks (Boyterak, Terengquduq, Birqori, Kharoy, Qoraqalpoq, Qulboy)
    Seller
    SOCAR, Uzbekneftegaz
    Industry
    Oil & Gas
    Location
    Uzbekistan
    Type
    Buyout

    bp entered into a production sharing agreement covering six exploration blocks in Uzbekistan’s North Ustyurt region. The company acquired a 40% participating interest (20% from SOCAR and 20% from Uzbekneftegaz), with SOCAR serving as operator alongside Uzbekneftegaz at 30% and SOCAR at 30%.

  • Kraken Resources Acquires Zavanna Energy Operating, LLC
    May 11, 2026
    Buyer
    Kraken Resources LLC, Kraken Oil & Gas Partners LLC
    Target
    Zavanna Energy Operating, LLC
    Industry
    Oil & Gas
    Location
    North Dakota, United States
    Type
    Buyout

    Kraken Resources LLC acquired the membership interests of Zavanna Energy Operating, LLC on March 31, 2026. The acquisition includes approximately 35,000 net leasehold acres in North Dakota (Williams and McKenzie counties) and producing assets such as 175 operated wells, funded with borrowings under Kraken’s revolving credit facility, a $200 million equity contribution from affiliates of Kayne Anderson, and proceeds from a $400 million senior notes offering.

  • Ecopetrol Completes Acquisition of Controlling 51% Stake in Brava Energia S.A.
    April 23, 2026
    Buyer
    Ecopetrol S.A., Ecopetrol Investimentos do Brasil LTDA, Ecopetrol Investimentos do Brasil Ltda., Ecopetrol Capital AG
    Target
    Brava Energia S.A.
    Seller
    Jive, Yellowstone, Bloco Somah Printemps Quantum
    Industry
    Oil & Gas
    Location
    Brazil
    Type
    Buyout

    Ecopetrol, through its Brazilian subsidiary Ecopetrol Investimentos, completed the acquisition of a controlling interest equivalent to approximately 51% of Brava Energia S.A.’s voting share capital. The deal combined a voluntary tender offer for ~25% of Brava’s shares with a separate share purchase agreement for an additional ~26% stake, for total consideration of about US$1.2 billion.

  • OCI Global Sells Remaining Shares of Methanex Corporation
    April 21, 2026
    Buyer
    OCI Global, OCI Chemicals B.V.
    Target
    Methanex Corporation
    Seller
    OCI Global, OCI Chemicals B.V.
    Industry
    Oil & Gas
    Location
    Canada
    Type
    Divestiture

    OCI Global (via its wholly owned subsidiary OCI Chemicals B.V.) sold all remaining Methanex Corporation shares it held, disposing of 2,612,962 common shares (about 3.4% of Methanex’s issued shares) on April 20, 2026. The block trade generated net proceeds of approximately US$138.1 million, and OCI no longer owns or directs any Methanex shares.

  • Acerta Energy Acquires Hawthorne Energy Light Oil Assets in Alberta Cardium
    April 14, 2026
    Buyer
    Acerta Energy Ltd., McIntyre Partners, Trafigura
    Target
    Hawthorne Energy
    Seller
    Hawthorne Energy
    Industry
    Oil & Gas
    Location
    Alberta, Canada
    Type
    Buyout

    Acerta Energy Ltd. acquired operated light oil and gas assets in central Alberta’s Cardium fairway from Hawthorne Energy, delivering approximately 8,300 boe/d of production. The transaction was backed by McIntyre Partners and Trafigura, and Acerta concurrently closed a US$175 million senior secured bond private placement; closing occurred on 10 April 2026 with expected post-closing regulatory approvals.

  • Paramount Resources Ltd. Acquires $275,000 of Convertible Debentures in Canadian Premium Sand Inc.
    April 10, 2026
    Buyer
    Paramount Resources Ltd.
    Target
    Canadian Premium Sand Inc.
    Industry
    Oil & Gas
    Location
    Alberta, Canada
    Type
    Growth capital

    Paramount Resources Ltd. acquired $275,000 in principal amount of 12.0% secured convertible debentures of Canadian Premium Sand Inc. as part of a private placement completed on April 9, 2026. The debentures mature on February 26, 2027 and may be converted into common shares at a $0.15 conversion price.

  • Tenaris Acquires AllTorque’s Oilfield Division
    March 27, 2026
    Buyer
    Tenaris
    Target
    AllTorque's oilfield division, AllTorque Control Systems Inc.
    Industry
    Oil & Gas
    Location
    Alberta, Canada
    Type
    Buyout

    Tenaris has acquired AllTorque’s oilfield division, strengthening its tubular running services by integrating AllTorque’s torque-turn monitoring systems into Tenaris’s Rig Direct and WISer offerings. The deal is designed to improve well integrity and rig-floor operational efficiency, building on an existing collaboration and expanding Tenaris’s Canada footprint.

  • Mako Mining Acquires Mt. Hamilton LLC From Sailfish Royalty Corp
    March 24, 2026
    Buyer
    Mako Mining Corp.
    Target
    Mt. Hamilton LLC
    Seller
    Sailfish Royalty Corp.
    Industry
    Oil & Gas
    Location
    Nevada, United States
    Type
    Buyout

    Mako Mining Corp. completed the acquisition of 100% of the legal registered membership interests of Mt. Hamilton LLC, the owner of the Mt. Hamilton gold project in Nevada, USA. The $40 million purchase price was paid through a gold stream arrangement under a gold purchase agreement with Sailfish Royalty Corp., and the transaction was completed following Mako shareholder approval on March 3, 2026.

  • Kite Lake Capital Management and Dolomite Capital Advisors Sell Stake in BlueNord ASA
    March 12, 2026
    Target
    BlueNord ASA
    Seller
    Kite Lake Capital Management (UK) LLP, Dolomite Capital Advisors LLP (formerly known as Taconic Capital Advisors UK LLP)
    Industry
    Oil & Gas
    Location
    Norway
    Type
    Divestiture

    Kite Lake Capital Management (UK) LLP and Dolomite Capital Advisors LLP sold a combined 2,123,387 shares of BlueNord ASA, representing 8.3% of the company’s share capital, at NOK 554 per share. The transaction size was NOK 1,176 million, with Kite Lake selling 287,298 shares and Dolomite selling 1,836,089 shares.

  • STEP Energy Services Ltd. Acquires Sanjel Energy Services Inc.
    March 9, 2026
    Buyer
    STEP Energy Services Ltd.
    Target
    Sanjel Energy Services Inc.
    Industry
    Oil & Gas
    Location
    Canada
    Type
    Buyout

    STEP Energy Services Ltd. completed the acquisition of Sanjel Energy Services Inc. on March 9, 2026. Blake, Cassels & Graydon LLP advised Sanjel Energy Services Inc.

  • Peoria Resources Acquires Verdad's Operated DJ Basin Portfolio
    February 26, 2026
    Buyer
    Peoria Resources, LLC, JAPEX (U.S.) Corp.
    Target
    Verdad Resources Holdings LLC (operated oil and gas portfolio)
    Seller
    Verdad Resources Holdings LLC
    Industry
    Oil & Gas
    Location
    Texas, United States
    Type
    Divestiture

    Peoria Resources, LLC (a subsidiary of JAPEX (U.S.) Corp.) has acquired Verdad Resources' entire operated oil and gas business in the Denver‑Julesburg (DJ) Basin for an enterprise value of approximately $1.26 billion. The transaction transfers roughly 101,000 net acres of horizontal Niobrara and Codell development (Colorado and Wyoming) to Peoria as it establishes a scaled operated position in the DJ Basin.

  • Borco U.S.A. Acquires Permian-based Well Service Company
    February 19, 2026
    Buyer
    Borco U.S.A.
    Target
    Permian-based well service company (unnamed)
    Industry
    Oil & Gas
    Location
    United States
    Type
    Buyout

    Borco U.S.A. acquired a Permian-based well service company that operates three active well service rigs, bringing well servicing, workover, and maintenance capabilities in-house. The acquisition strengthens Borco's vertical integration in the Permian Basin, improving operational flexibility, lowering lifting costs, and supporting its recently acquired 220-well package.

  • Logan Energy Corp. to Acquire Montney Assets in Simonette, Alberta from Public Oil and Gas Company Vendor
    February 19, 2026
    Buyer
    Logan Energy Corp.
    Target
    Acquired Assets (Montney assets predominantly in Simonette, Alberta)
    Seller
    A subsidiary of a publicly-traded oil and gas company (the Vendor)
    Industry
    Oil & Gas
    Location
    Alberta, Canada
    Type
    Buyout

    Logan Energy Corp. has entered into a definitive purchase agreement to acquire an entire interest in certain Montney assets predominantly in Simonette, Alberta from a subsidiary of a publicly-traded oil and gas company (the Vendor) for $62.5 million (subject to closing adjustments). The acquisition is expected to close on or around March 10, 2026, and Logan is also arranging $50.0 million in bought-deal equity financings plus an expansion of its revolving credit facilities to support the transaction.

  • Teine Energy Ltd. to Acquire TMax Energy Ltd. in Duvernay Tuck-in
    February 13, 2026
    Buyer
    Teine Energy Ltd.
    Target
    TMax Energy Ltd.
    Industry
    Oil & Gas
    Location
    Alberta, Canada
    Type
    Addon

    Teine Energy Ltd. has entered into a definitive agreement to acquire all the outstanding shares of TMax Energy Ltd. in a Duvernay “tuck-in” acquisition. The deal is intended to increase Teine’s total Duvernay acreage to over 700 sections, with Teine producing over 10,000 boe per day within the Carrot Creek Duvernay lands.

  • RelaDyne Acquires Dion and Sons
    February 7, 2026
    Buyer
    RelaDyne
    Target
    Dion and Sons
    Industry
    Oil & Gas
    Location
    California, United States
    Type
    Addon

    RelaDyne has acquired Dion and Sons, a Southern California petroleum distributor and provider of industrial reliability services with seven facilities across the region. The deal expands RelaDyne's West Coast footprint and strengthens its product and service offerings in fuel, lubricants, DEF, and reliability services.

  • Reliable Energy Partners Acquires Irvington Gas
    February 4, 2026
    Buyer
    Reliable Energy Partners, Soundcore Capital Partners, LP
    Target
    Irvington Gas, LLC
    Seller
    Kasey family
    Industry
    Oil & Gas
    Location
    Kentucky, United States
    Type
    Addon

    Reliable Energy Partners, a growth platform backed by Soundcore Capital Partners, has acquired Irvington Gas, LLC. The acquisition expands Reliable’s operational footprint to six states and strengthens its multi-regional propane distribution platform in markets around the Louisville, Kentucky Metro area.

  • Devon Energy to Merge with Coterra Energy in $21.4B All-Stock Deal
    January 31, 2026
    Buyer
    Devon Energy
    Target
    Coterra Energy
    Industry
    Oil & Gas
    Location
    Texas, United States
    Type
    Buyout

    Devon Energy and Coterra Energy have signed a definitive all-stock agreement to merge, creating a premier Delaware Basin–anchored shale operator. The deal will exchange 0.70 shares of Devon common stock for each share of Coterra, and is expected to close in the second quarter of 2026 subject to regulatory and shareholder approvals.

  • SM Energy Closes All-Stock Merger With Civitas Resources
    January 30, 2026
    Buyer
    SM Energy Company
    Target
    Civitas Resources, Inc.
    Industry
    Oil & Gas
    Location
    Colorado, United States
    Type
    Buyout

    SM Energy has completed its all-stock merger with Civitas Resources following stockholder approvals. The combined company retains the SM Energy name and ticker symbol “SM” and is led by Beth McDonald as president and chief executive officer.

  • Superior Energy Services Acquires Abaco Energy Technologies
    January 30, 2026
    Buyer
    Superior Energy Services, Inc.
    Target
    Abaco Energy Technologies
    Industry
    Oil & Gas
    Location
    Texas, United States
    Type
    Buyout

    Superior Energy Services has announced the successful closing of its previously announced acquisition of Abaco Energy Technologies. The deal expands Superior’s Wellbore Technologies segment by adding Abaco’s bottom-hole assembly capabilities and elastomer technologies for downhole drilling, completion, and remediation.

  • RelaDyne Acquires Dennis Oil Company
    January 29, 2026
    Buyer
    RelaDyne
    Target
    Dennis Oil Company
    Seller
    Dennis family / Jeff Dennis
    Industry
    Oil & Gas
    Location
    Missouri, United States
    Type
    Addon

    RelaDyne has acquired Dennis Oil Company, a family-owned blender and distributor of commercial and industrial lubricants headquartered in Springfield, Missouri. The deal expands RelaDyne's Midwest footprint and adds density and product/blending capabilities across Missouri, Kansas, Oklahoma, and Arkansas.

  • Allegheny Petroleum Products Acquires McNutt Oil Company
    January 21, 2026
    Buyer
    Allegheny Petroleum Products
    Target
    McNutt Oil Company
    Industry
    Oil & Gas
    Location
    Tennessee, United States
    Type
    Buyout

    Allegheny Petroleum Products has acquired McNutt Oil Company of Maryville, Tennessee in a private transaction. Allegheny will retain McNutt’s employees and facilities and plans to add local manufacturing and blending capabilities at the Maryville site in 2026 to expand its national manufacturing footprint.

  • Lime Rock Partners Commits Equity to Athena Energy Partners
    January 15, 2026
    Buyer
    Lime Rock Partners
    Target
    Athena Energy Partners
    Industry
    Oil & Gas
    Location
    Texas, United States
    Type
    Growth capital

    Lime Rock Partners has closed an equity commitment to Athena Energy Partners, a Houston-based upstream oil and gas company led by former Ensign Natural Resources executives. The capital will support Athena’s acquisition, optimization and development of oil and gas properties with an initial focus on South Texas’ Eagle Ford Shale.

  • Canadian Natural Resources Acquires Tourmaline Oil Corp
    January 14, 2026
    Buyer
    Canadian Natural Resources Ltd.
    Target
    Tourmaline Oil Corp
    Industry
    Oil & Gas
    Location
    Alberta, Canada
    Type
    Buyout

    Canadian Natural Resources Ltd. has acquired Tourmaline Oil Corp for approximately $800 million, consolidating a major natural gas producer into its portfolio. The deal brings Tourmaline’s Calgary-headquartered natural gas assets and production into Canadian Natural’s operations to expand scale, capabilities and market access across North America and international markets.

  • Encore Oilfield Services Acquires Custom Compression Systems
    January 6, 2026
    Buyer
    Encore Oilfield Services, LLC
    Target
    Custom Compression Systems, LLC
    Seller
    Louisiana Machinery Company, L.L.C. (Louisiana Cat)
    Industry
    Oil & Gas
    Location
    Louisiana, United States
    Type
    Buyout

    Encore Oilfield Services, LLC has acquired Custom Compression Systems, LLC (formerly Williamson Production Systems), a New Iberia, Louisiana-based manufacturer of gas compression systems. The deal adds 103,000 square feet of manufacturing space, heavy lifting capacity (two 80-ton cranes and 70-foot eave heights) and access to 225,000 horsepower of Caterpillar natural gas engines through a partnership with Louisiana Cat, expanding Encore's compression packaging and manufacturing capabilities.

  • Infinity Natural Resources Acquires Chase Oil Corporation Working Interest in South Bend Field
    January 1, 2026
    Buyer
    Infinity Natural Resources, Inc.
    Target
    Chase Oil Corporation
    Seller
    Chase Oil Corporation
    Industry
    Oil & Gas
    Location
    Pennsylvania, United States
    Type
    Addon

    Infinity Natural Resources (NYSE: INR) acquired Chase Oil Corporation's working interest in the South Bend field in Pennsylvania in an all-stock transaction valued at approximately $36 million, effective January 1, 2026. The deal adds roughly 18 producing wells (~14 MMcf/d net) and strategic Marcellus/Utica acreage, providing immediate production uplift and near-term development opportunities.

  • Gladstone Investment Corporation and Xyresic Capital Acquire Rowan Energy
    December 12, 2025
    Buyer
    Gladstone Investment Corporation, Xyresic Capital
    Target
    Rowan Energy, Inc.
    Industry
    Oil & Gas
    Location
    Oklahoma, United States
    Type
    Buyout

    Gladstone Investment Corporation, alongside independent sponsor Xyresic Capital, has acquired Rowan Energy, Inc., a U.S. oil-and-gas services company based in Oklahoma City. Gladstone provided senior secured debt and the majority of the equity to complete the transaction; the investment is intended to support Rowan's growth and value-creation initiatives in frac sand filtration, completion-equipment deployment, and field-operations support.

  • Tailwater Capital Acquires Majority Stake in Central Midstream
    December 11, 2025
    Buyer
    Tailwater Capital
    Target
    Central Midstream Partners, LLC
    Seller
    Jordan family
    Industry
    Oil & Gas
    Location
    Texas, United States
    Type
    Buyout

    Tailwater Capital has acquired a majority interest in Central Midstream Partners, LLC, a Houston-based liquids transportation, storage and terminal services provider with assets across the Gulf Coast and Ohio/Utica region. Tailwater will invest additional equity from Tailwater Fund V to support growth projects while Central Midstream CEO George Jordan and the Jordan family remain involved post-transaction.

  • EQT Exits Remaining Stake in Kodiak Gas Services
    December 11, 2025
    Buyer
    Public market investors
    Target
    Kodiak Gas Services
    Seller
    EQT Infrastructure III, EQT Infrastructure IV, EQT
    Industry
    Oil & Gas
    Location
    Texas, United States
    Type
    Divestiture

    EQT Infrastructure III and IV have fully exited their investment in Kodiak Gas Services (NYSE: KGS), following Kodiak's 2023 IPO and a 30-month series of sell-downs. Kodiak, headquartered in Houston, Texas, is a leading provider of natural gas contract compression services in North America; under EQT's ownership the business grew revenue and EBITDA more than 8x and expanded headcount to just over 1,300 employees.

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Frequently Asked Questions

What types of oil & gas acquisitions are covered here?

The page highlights acquisitions across upstream (acreage/producing assets), midstream (gathering and processing), and downstream/refining operations, plus an example of an analytics/capability acquisition.

Which geographies show up in the listed transactions?

Recent items include the United States, Germany, Norway, Iraq, Canada, and Argentina.

Do any deals focus on portfolio reshaping rather than asset expansion?

Yes. For example, BP’s sale of the Gelsenkirchen refinery is framed as portfolio simplification and balance-sheet strengthening.

Are any acquisitions aimed at improving planning or valuation capabilities?

Yes. Spotfire acquired Enertel Holdings, and the transaction summary notes integration of forecasting and valuation workflows into Spotfire’s upstream-focused tools.

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