Oil/Gas Exploration M&A Transactions

Wärtsilä’s Gas Solutions business offering innovative systems and comprehensive lifecycle solutions for the gas value chain and are based in Helsinki, Finland.

Mutares
Investor
Private Equity Firm
Munich, Germany
www.mutares.de

Wartsila
Company
Marine
Helsinki, Finland
www.wartsila.com

Zenith Energy's Portland Terminal is a fuel‑storage and logistics facility that provides tank capacity and multimodal transportation links for liquid fuels. The terminal includes 1.7 million barrels of storage capacity and multimodal connectivity via rail, marine, truck and pipeline and is based in Portland, Oregon.

I Squared Capital
Investor
Infrastructure
Miami, Florida
www.isquaredcapital.com

Zenith Energy
Company
Oil/Gas Exploration
Houston, Texas
www.zenithterminals.com

Rowan Energy is an oil-and-gas services company specializing in advanced frac sand filtration, completion-equipment deployment and field-operations support. Rowan Energy was founded in 2022 and is based in Houston, Texas.

Gladstone Investment Corporation
Investor
Business Development Company
McLean, Virginia
www.gladstoneinvestment.com

Xyresic Capital
Investor
Private Equity Firm
Chicago, Illinois
www.xyresiccapital.com

Central Midstream Partners is a midstream company that provides liquids transportation, storage, and terminal services through a portfolio of pipeline assets, storage terminals, and a multi-modal Ohio terminal connecting Utica production to Gulf Coast markets. Central Midstream Partners is based in Houston, Texas.

Tailwater Capital
Investor
Private Equity Firm
Dallas, Texas
www.tailwatercapital.com
Advisor: Troutman Pepper Hamilton Sanders

Noble's Jack-Up Rigs, consisting of three Friede & Goldman JU-3000N design rigs and two Gusto MSC CJ50 design rigs, are based in Bermuda.

Borr Drilling
Company
Oil/Gas Exploration
Hamilton, Bermuda
www.borrdrilling.com

Noble
Company
Energy Services and Equipment
Houston, Texas
www.noblecorp.com

TotalEnergies' Offshore Oil & Gas Production Businesses contains a portfolio of producing and development assets in the North Sea.

Neo Next+
Company
Oil/Gas Exploration
Aberdeen, United Kingdom
www.neonext.com

TotalEnergies
Company
Oil/Gas Exploration
Courbevoie, France
www.totalenergies.com

Industrial Oils Unlimited manufactures and supplies high-performance industrial lubricants and speciality fluids for sectors such as manufacturing, metalworking, heavy equipment, energy, food processing and automotive/industrial operations. Industrial Oils Unlimited was founded in 1970 and is based in Tulsa, Oklahoma.

HF Sinclair
Company
Oil/Gas Exploration
Dallas, Texas
www.hfsinclair.com

Royal Helium is a resource-exploration and production company focused on the exploration, development, and extraction of helium and associated gases, principally via helium permits and leases in southern Saskatchewan and southeastern Alberta, Canada. The Company produces industrial gas, including helium and, via its processing facility, food-grade CO₂ as a by-product. Royal Helium is based in Saskatoon, Saskatchewan.

AirLife Gases
Company
Oil/Gas Exploration
Pune, India
www.airlifegases.com

Peak Exploration & Production is an upstream company focused on the acquisition and development of oil-weighted assets in the core of the Powder River Basin located in northeastern Wyoming. Peak Exploration & Production is based in Durango, Colorado.

Epsilon Energy
Company
Oil/Gas Exploration
Calgary, Alberta
www.epsilonenergyltd.com

EIG Partners
Investor
Asset Manager
Washington, District of Columbia
www.eigpartners.com

Reliable Energy Partners operates as a platform company in the propane distribution industry, acquiring and partnering with locally-owned residential and commercial propane businesses. Reliable Energy Partners was founded in 2025 and is based in Valrico, Florida.

Soundcore Capital Partners
Investor
Private Equity Firm
New York, New York
www.soundcorecap.com

American Well Services provides well service rigs for workover or completions operations and well site support services including, fluid transfer, hot oiling, frac tank rental, and wellsite construction. American Well Services is based in Midland, Texas.

Ranger Energy Services
Company
Energy Services and Equipment
Houston, Texas
www.rangerenergy.com

Argonaut Private Equity
Investor
Private Equity Firm
Tulsa, Oklahoma
www.argonautpe.com

NuVista Energy is an independent oil and natural gas company engaged in the exploration for, and the development, production and acquisition of oil and natural gas reserves in the province of Alberta. NuVista Energy was founded in 2003 and is based in Calgary, Alberta.

Ovintiv
Company
Oil/Gas Exploration
Denver, Colorado
www.ovintiv.com
Advisors: Paul, Weiss, Rifkind, Wharton & Garrison , Blake, Cassels & Graydon , Gibson, Dunn & Crutcher , J.P. Morgan Securities , Morgan Stanley

Tidewater's Sylvan Lake Gas Processing Facility is a natural gas plant with associated gathering infrastructure. Tidewater's Sylvan Lake Gas Processing Facility is based in Alberta, Canada.

Parallax Energy
Company
Oil/Gas Exploration
Calgary, Alberta
www.parallaxenergy.ca

Tidewater
Company
Oil/Gas Exploration
Calgary, Alberta
www.tidewatermidstream.com

Dragonfly Oil & Gas Partners is an upstream oil and natural gas exploration and production company focused on creating operated oil inventory in the Permian, MidCon, and South Texas. Dragonfly Oil & Gas Partners was founded in 2025 and is based in Midland, Texas.

Pearl Energy Investments
Investor
Private Equity Firm
Dallas, Texas
www.pearl-energy.com
Advisor: Willkie Farr & Gallagher

Trident Pipeline Integrity specializes in advanced ultrasonic testing and corrosion mapping solutions. Trident Pipeline Integrity was formed in 2019 and is headquartered in Broken Arrow, Oklahoma.

PROtect
Company
Business Services
Wichita, Kansas
www.protect.llc

406 Energy offers upstream oil and gas exploration and production services, with technical analysis and asset development. 406 Energy was founded in 1988 and is based in Houston, Texas.

NGP
Investor
Private Equity Firm
Dallas, Texas
www.ngpenergy.com