Permian Set for M&A Frenzy as Cash-Rich Producers Seek to Boost Reserves – Energy News for the Canadian Oil & Gas Industry | EnergyNow.ca

Permian is a prime target for producers looking to increase their inventory. The shale patch, which lies between Texas and New Mexico, has the necessary infrastructure and is known for high productivity and large undeveloped reserves.

Below is a list of Permian Basin deals signed since the start of 2023:

Deal value (in USD)
Ranger Oil Corp
Baytex Energy Corp
Black Swan Oil & Gas, Piedra Resources and PetroLegacy II
Ovintiv Inc
Asset acquisition
Advance Energy Partners Holdings LLC
Matador Resources Co
Chesapeake Energy Corp
WildFire Energy
Asset acquisition
Chesapeake Energy Corp
Asset acquisition
Percussion Petroleum Operating II
Callon Petroleum Co
Forge Energy II Delaware
Vital Energy and Northern Oil & Gas Inc
Asset acquisition
XTO Energy Inc & affiliates
Chord Energy
Asset acquisition
Diamondback Energy
Undisclosed
Asset acquisition
Pecos Oil & Gas
Riley Exploration Permian
Asset acquisition
Tanos Energy Holdings II LLC
Diversified Energy Co
Asset & infrastructure acquisition
Driftwood Energy Operating LLC
Vital Energy
Asset acquisition
214.52 mln
Pogo Resources LLC
HNR Acquisition Corp
120.46 mln
Earthstone Energy Inc
Black Mountain Energy Ltd
Asset acquisition
Chord Energy
BCP Resources
Asset acquisition
Delaware Basin Resources
VTX Energy Partners LLC
Asset acquisition
Cox Operating LLC
Arena Energy LLC
Asset acquisition
Undisclosed private seller
Elk Range Royalties Lp
Asset acquisition
Tower Rock Oil & Gas
Elk Range Royalties Lp
Asset acquisition
Swordfish Energy Holdings LLC
Pearl Energy Investments
Investment
Novo Oil & Gas Holdings
Earthstone Energy
Earthstone Energy
Permian Resources
Warwick Capital Partners and GRP Energy Capital
Viper Energy Partners
Asset acquisition
NGP Energy Capital Management
Civitas Resources
Henry Energy and Henry Resources, Tall City Property Holdings III and Maple Energy Holdings
Vital Energy
Asset acquisition
Vencer Energy
Civitas Resources
Asset acquisition

Reporting by Mrinalika Roy and Tanay Dhumal in Bengaluru; Editing by Sriraj Kalluvila, Vinay Dwivedi and Shinjini Ganguli

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