M&A Deal Summary |
|
|---|---|
| Date | 2024-10-01 |
| Target | X2 Resources |
| Sector | Oil/Gas Exploration |
| Buyer(s) |
EnCap Investments
NOG SM Energy |
| Deal Type | Add-on Acquisition |
| Deal Value | 2.6B USD |
| Advisor(s) | Latham & Watkins (Legal) |
SEARCH BY
| Category | Growth Capital Firm |
|---|---|
| Founded | 1988 |
| PE ASSETS | 38.0B USD |
| Size | Mega |
| Type | Sector Focused |
EnCap Investments is a private equity firm focused on the US energy sector. EnCap specifically looks for upstream and midstream opportunities within the oil and gas industry. EnCap generally partners with seasoned management when pursuing investments. EnCap Investments has offices in Dallas and Houston.
| DEAL STATS | # |
|---|---|
| Overall | 118 of 119 |
| Sector: Oil/Gas Exploration M&A | 108 of 109 |
| Type: Add-on Acquisition M&A Deals | 1 of 1 |
| State: Texas M&A | 89 of 89 |
| Country: United States M&A | 116 of 117 |
| Year: 2024 M&A | 3 of 4 |
| Size (of disclosed) | 1 of 14 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-09-11 |
Tumbleweed Royalty IV
Fort Worth, Texas, United States Tumbleweed Royalty IV is a company focused on mineral, royalty and overriding royalty acquisitions in the Permian Basin. Tumbleweed Royalty IV is based in Fort Worth, Texas. |
Sell | $461M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-10-25 |
Dunamis Energy
Denver, Colorado, United States Dunamis Energy is an independent oil and gas company focused on the acquisition and development of horizontal resource plays in the Lower 48. Dunamis Energy was founded in 2024 and is based in Denver, Colorado. |
Buy | - |
| Category | Company |
|---|---|
| Founded | 2006 |
| Sector | Oil/Gas Exploration |
| Employees | 49 |
| Revenue | 2.2B USD (2024) |
NOG is an exploration and production company with a core area of focus in the Williston Basin Bakken and Three Forks play in North Dakota and Montana. NOG was founded in 2006 and is based in Minnetonka, Minnesota.
| DEAL STATS | # |
|---|---|
| Overall | 9 of 9 |
| Sector: Oil/Gas Exploration M&A | 9 of 9 |
| Type: Add-on Acquisition M&A Deals | 4 of 4 |
| State: Texas M&A | 6 of 6 |
| Country: United States M&A | 9 of 9 |
| Year: 2024 M&A | 3 of 3 |
| Size (of disclosed) | 1 of 4 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-07-28 |
Point Energy Partners - Delaware Basin Assets
United States Point Energy Partners's Delaware Basin Assets include >4,500 Boe per day (2-stream, excluding NGLs, >75% oil) of recent production and ~4,000 net leasehold and mineral acres. |
Buy | - |
| Category | Company |
|---|---|
| Founded | 1908 |
| Sector | Oil/Gas Exploration |
| Employees | 663 |
| Revenue | 2.7B USD (2024) |
SM Energy is a provider of oil and gas exploration services across North America. SM Energy was founded in 1908 and is based in Denver, Colorado.
| DEAL STATS | # |
|---|---|
| Overall | 4 of 4 |
| Sector: Oil/Gas Exploration M&A | 4 of 4 |
| Type: Add-on Acquisition M&A Deals | 3 of 3 |
| State: Texas M&A | 2 of 2 |
| Country: United States M&A | 4 of 4 |
| Year: 2024 M&A | 2 of 2 |
| Size (of disclosed) | 1 of 4 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-06-27 |
XCL Resources
Houston, Texas, United States XCL Resources is a private oil and gas company focused on maximizing risk-adjusted returns on assets that require efficient development. XCL Resources is based in Houston, Texas. |
Buy | $2.6B |
