M&A Deal Summary |
|
|---|---|
| Date | 2024-09-11 |
| Target | Tumbleweed Royalty IV |
| Sector | Oil/Gas Exploration |
| Buyer(s) | Vital Energy |
| Sellers(s) | EnCap Investments |
| Deal Type | Add-on Acquisition |
| Deal Value | 461M USD |
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| Category | Company |
|---|---|
| Founded | 2006 |
| Sector | Energy Services and Equipment |
| Revenue | 2.0B USD (2024) |
Vital Energy is an independent energy company focused on the acquisition, exploration, and development of oil and natural gas properties. Vital Energy was founded in 2006 and is based in Tulsa, Oklahoma.
| DEAL STATS | # |
|---|---|
| Overall | 7 of 7 |
| Sector: Oil/Gas Exploration M&A | 7 of 7 |
| Type: Add-on Acquisition M&A Deals | 5 of 5 |
| State: Texas M&A | 5 of 5 |
| Country: United States M&A | 7 of 7 |
| Year: 2024 M&A | 2 of 2 |
| Size (of disclosed) | 4 of 6 |
| 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 | 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 | 58 of 60 |
| Sector: Oil/Gas Exploration M&A | 55 of 56 |
| Type: Add-on Acquisition M&A Deals | 37 of 38 |
| State: Texas M&A | 43 of 45 |
| Country: United States M&A | 57 of 59 |
| Year: 2024 M&A | 4 of 4 |
| Size (of disclosed) | 21 of 33 |
| 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. |
Sell | $2.6B |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-10-01 |
X2 Resources
Houston, Texas, United States X2 Resources is an energy company specializing in large-scale oil and gas development projects. X2 Resources is based in Houston, Texas. |
Buy | $2.6B |
