Surge Energy Acquires Grenadier Energy Partners II's Midland Basin Assets

Langford Energy Partners Acquires Midland Basin Assets from Murchison Oil and Gas

January 13, 2025

Oil & Gas

Affiliates of Langford Energy Partners (LEP) closed the acquisition of Midland Basin assets from Murchison Oil and Gas, LLC on December 6, 2024. The assets include ~8,000 net acres across Howard, Borden and Midland counties, ~7,200 boe/d (72% oil) from 63 operated horizontal wells; the deal was funded with equity from Langford Energy Partners I, LP and senior bank debt led by Texas Capital Bank.

Pioneer Natural Resources Completes Acquisition of DoublePoint Energy Leasehold Interests in the Midland Basin

May 4, 2021

Oil & Gas

Pioneer Natural Resources completed its previously announced acquisition of the leasehold interests and related assets of DoublePoint Energy in the Midland Basin for total consideration of $6.2 billion. The deal added approximately 97,000 net acres and was structured with Pioneer paying $1.0 billion in cash, issuing 27.2 million shares, and assuming $890 million of debt.

Energy Transfer Acquires WTG Midstream for $3.25 Billion

May 28, 2024

Oil & Gas

Energy Transfer LP agreed to acquire WTG Midstream Holdings LLC in a transaction valued at approximately $3.25 billion, comprising $2.45 billion in cash and ~50.8 million newly issued Energy Transfer common units. The deal, from affiliates of Stonepeak, the Davis Estate and Diamondback Energy, adds WTG's Permian-focused midstream assets — including a 6,000-mile pipeline network, eight processing plants (≈1.3 Bcf/d) and a 20% interest in the BANGL NGL pipeline — to Energy Transfer's footprint to enhance its gas/NGL supply, processing and downstream capabilities.

Matador Resources Acquires Advance Energy Partners from EnCap

January 24, 2023

Energy

Matador Resources Company agreed to acquire Advance Energy Partners Holdings, LLC — an EnCap-backed oil and natural gas producer with acreage and producing properties in the northern Delaware Basin — for an initial cash consideration of approximately $1.6 billion plus potential contingent payments tied to 2023 oil prices. The bolt‑on acquisition adds ~18,500 net acres (99% held by production), material near-term production and a large inventory of drilling locations, and provides midstream synergy opportunities with Matador’s Pronto Midstream subsidiary.

Antero Midstream To Acquire HG II Energy Midstream Holdings for $1.1 Billion

December 14, 2025

Energy

Antero Midstream has entered into a definitive agreement to acquire HG II Energy Midstream Holdings for $1.1 billion in cash, a deal positioned as a bolt-on expansion to its Marcellus Shale footprint. The announcement also pairs the acquisition with a separate agreement for Antero Midstream to divest its Ohio Utica Shale midstream assets for $400 million, with both transactions subject to regulatory approvals and customary closing adjustments.

Baytex Energy Acquires Ranger Oil Corporation

June 20, 2023

Energy

Baytex Energy Corp. completed the acquisition (the Merger) of Ranger Oil Corporation, materially increasing Baytex's operated footprint in the Eagle Ford and expanding its North American oil-weighted asset base. The transaction enhances Baytex's development inventory and free cash flow profile, enabling increased shareholder returns and the introduction of a dividend.