Acquisitions and Divestitures

Berkshire Hathaway’s PacifiCorp sells Washington assets for $1.9 billion

February 17, 2026

(Oil Price) – Portland General Electric Company has agreed to buy select power plants and utility operations of Berkshire Hathaway’s PacifiCorp in Washington State for $1.9 billion, the Portland-based firm said on Tuesday. The price of the acquisition represents a purchase price multiple of 1.4 times the estimated 2026 rate base. As part of the deal, Portland General Electric (PGE) will buy three

VAALCO Energy to sell non-core Canadian assets for $35 million

February 5, 2026

(World Oil) – VAALCO Energy has agreed to sell its non-core producing properties in Canada for approximately CAD $35 million (about USD $25.6 million), as the company continues to streamline its portfolio and focus capital on higher-return upstream opportunities. The assets, which currently produce about 1,850 boed working interest, are expected to close within 30 days, subject to customary conditions. The transaction

Blackstone weighs potential $5 billion-plus sale of Beacon Offshore Energy

January 21, 2026

(World Oil) – Blackstone Inc. is in the early stages of weighing a sale of Beacon Offshore Energy, a Gulf of Mexico driller it’s owned for about a decade that could fetch more than $5 billion, according to people familiar with the matter. The alternative asset manager is talking to investment banks about bringing the Houston-based company to market as soon

Baytex mulls $3 billion Eagle Ford sale to refocus on Canadian operations

October 9, 2025

(World Oil) – Baytex Energy Corp., a Canada-based oil and gas producer, is weighing an exit of its operations in the Eagle Ford shale of south Texas to refocus on its domestic assets, according to people familiar with the matter. Baytex, which significantly extended its reach into the basin just two years ago via a takeover of Ranger Oil, is working

Energy Advisors Market Monitor Series: What’s Driving A&D?

October 6, 2025

(Oil and Gas 360) – Energy Advisors recently released its latest edition of its MarketMonitor series, Letter From Dallas, highlighting key themes driving A&D. Market conditions remain favorable to sellers with strong buyer demand from private equity firms, family offices, institutional investors, hedge funds, and well-capitalized public companies. Valuation for producing (PDP) assets is strong, while competition across the minerals

MEG Shareholders Set to Vote on Critical Decision – Cenovus vs. Strathcona vs. Going it Alone

October 3, 2025

(BOE Report)– The contest for MEG Energy is entering its final stages, with two competing bids on the table and shareholders set to vote in October. The upcoming votes will determine whether MEG is acquired by Cenovus, taken over by Strathcona, or remains independent. Key Dates Ahead Several important dates now define the timeline: October 7: Proxy voting deadline for MEG shareholders

Occidental Petroleum in talks to sell OxyChem unit for at least $10 billion

September 29, 2025

(World Oil) – Occidental Petroleum Corp. is in talks to sell its OxyChem petrochemical unit in a deal worth at least $10 billion, the Financial Times reported Sunday. The divestment would be the U.S. company’s biggest yet and would create one of the world’s largest standalone petrochemical companies, according to the FT, which cited two people familiar with the matter

Parkland, Sunoco clear key U.S. regulatory hurdle for acquisition

September 22, 2025

(BOE Report) – CALGARY – Parkland Corp. and Sunoco LP say they have cleared a key U.S. antitrust hurdle in a US$9.1-billion deal that would see the U.S. fuel distribution giant buy the Calgary-based refiner and retailer. The two companies say the waiting period has expired under the Hart-Scott-Rodino Act, satisfying one regulatory approval that’s needed for the deal to

Cenovus to acquire oil sands producer MEG for $5.7 billion

August 25, 2025

(World Oil) – Cenovus Energy has entered into a definitive agreement to acquire MEG Energy in a cash and stock transaction valued at $7.9 billion CAD ($5.7 billion USD), inclusive of assumed debt. The deal follows MEG’s recent rejection of a lesser takeover bid from Strathcona Resources. The acquisition brings together two leading SAGD oil sands producers with combined oil sands production of

Crescent Energy to acquire Vital Energy in $3.1 billion shale deal

August 25, 2025

(BOE Report) – U.S. shale producer Crescent Energy said on Monday it would acquire smaller peer Vital Energy in an all-stock deal valued at $3.1 billion, including debt. Vital shareholders will receive 1.9062 shares of Crescent common stock for each share held, representing a value of $18.95 per share and a premium of 20%, based on the stocks’ last close. Shares of

Permian Resources acquires Delaware basin assets from APA for $608 million

May 8, 2025

(World Oil) – Permian Resources has reached an agreement to buy core assets in the Delaware basin from Apache parent company APA Corp. The deal, valued at $608 million, includes 13,320 net acres, 8,700 net royalty acres and 12,000 Boe/d directly offset Permian Resources’ core New Mexico operating areas. The transaction is expected to close by the end of the

Liberty Energy Inc. acquires IMG Energy Solutions

March 5, 2025

(Oil & Gas 360) – March 05, 2025 – DENVER–(BUSINESS WIRE)– Liberty Energy Inc. (NYSE: LBRT; “Liberty” or the “Company”) announced today the acquisition of IMG Energy Solutions (“IMG”), a leading developer of distributed power systems. IMG brings integrated capabilities across engineering design and development, construction management, enhanced software and monitoring systems, and operations and marketing. The acquisition strengthens Liberty

Premium Content