Oil & Gas Acquisitions in 2026
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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.
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- Buyer
- Flowco Holdings Inc.
- Target
- Valiant Artificial Lift Solutions LLC
- Industry
- Oil & Gas
- Location
- Oklahoma, United States
- Type
- Buyout
Flowco Holdings (NYSE: FLOC) completed its previously announced acquisition of Valiant Artificial Lift Solutions, adding electric submersible pump (ESP) capabilities to its production optimization portfolio. The total consideration was approximately $200 million, funded with about $170 million in net cash and roughly 1.5 million shares of Flowco Class A common stock.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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