(Reuters) – Dealmaking is picking up in the Permian basin, the largest U.S. oil patch, as drillers look to quickly rebuild their depleting assets.
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)
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Ranger Oil Corp
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Baytex Energy Corp
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Black Swan Oil & Gas, Piedra Resources and PetroLegacy II
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Ovintiv Inc
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Asset acquisition
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Advance Energy Partners Holdings LLC
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Matador Resources Co
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Chesapeake Energy Corp
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WildFire Energy
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Asset acquisition
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Chesapeake Energy Corp
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Asset acquisition
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Percussion Petroleum Operating II
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Callon Petroleum Co
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Forge Energy II Delaware
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Vital Energy and Northern Oil & Gas Inc
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Asset acquisition
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XTO Energy Inc & affiliates
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Chord Energy
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Asset acquisition
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Diamondback Energy
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Undisclosed
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Asset acquisition
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Pecos Oil & Gas
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Riley Exploration Permian
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Asset acquisition
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Tanos Energy Holdings II LLC
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Diversified Energy Co
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Asset & infrastructure acquisition
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Driftwood Energy Operating LLC
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Vital Energy
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Asset acquisition
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214.52 mln
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Pogo Resources LLC
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HNR Acquisition Corp
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120.46 mln
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Earthstone Energy Inc
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Black Mountain Energy Ltd
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Asset acquisition
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Chord Energy
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BCP Resources
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Asset acquisition
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Delaware Basin Resources
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VTX Energy Partners LLC
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Asset acquisition
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Cox Operating LLC
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Arena Energy LLC
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Asset acquisition
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Undisclosed private seller
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Elk Range Royalties Lp
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Asset acquisition
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Tower Rock Oil & Gas
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Elk Range Royalties Lp
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Asset acquisition
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Swordfish Energy Holdings LLC
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Pearl Energy Investments
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Investment
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Novo Oil & Gas Holdings
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Earthstone Energy
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Earthstone Energy
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Permian Resources
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Warwick Capital Partners and GRP Energy Capital
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Viper Energy Partners
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Asset acquisition
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NGP Energy Capital Management
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Civitas Resources
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Henry Energy and Henry Resources, Tall City Property Holdings III and Maple Energy Holdings
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Vital Energy
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Asset acquisition
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Vencer Energy
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Civitas Resources
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Asset acquisition
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Reporting by Mrinalika Roy and Tanay Dhumal in Bengaluru; Editing by Sriraj Kalluvila, Vinay Dwivedi and Shinjini Ganguli
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