(Adds Occidental-CrownRock deal, Chevron-Hess deal)
Dec 11 (Reuters) -
Occidental Petroleum said on Monday it would buy Permian basin-based oil and gas producer CrownRock in a $12 billion deal including debt, boosting its production in the largest U.S. oilfield.
The
CrownRock deal
is expected to boost Occidental's Permian production by 170,000 barrels of oil equivalent per day in 2024.
Permian is a prime target for producers looking to increase their inventory. The shale patch, which lies between Texas and New Mexico, has robust infrastructure and is known for high productivity and large undeveloped reserves.
Below is a list of Permian deals so far this year:
Target Acquirer Deal type Deal Status
valu
e
(in
USD)
Ranger Oil Baytex M&A 2.5 Pending
Corp Energy Corp bln
Black Swan Ovintiv Inc Asset ~4.3 Pending
Oil & Gas, acquisition bln
Piedra
Resources and
PetroLegacy
II
Advance Matador M&A 1.6 Completed
Energy Resources Co bln
Partners
Holdings LLC
Percussion Callon M&A 475 Completed
Petroleum Petroleum Co mln
Operating II
Forge Energy Vital Energy Asset 540 Completed
II Delaware and Northern acquisition mln
Oil & Gas
Inc
XTO Energy Chord Energy Asset 375 Pending
Inc & acquisition mln
affiliates
Diamondback Undisclosed Asset 439 Completed
Energy acquisition mln
Pecos Oil & Riley Asset 330 Completed
Gas Exploration acquisition mln
Permian
Tanos Energy Diversified Asset & ~250 Completed
Holdings II Energy Co infrastructur mln
LLC e acquisition
Driftwood Vital Energy Asset 214. Pending
Energy acquisition 52
Operating LLC mln
Pogo HNR M&A 120. Pending
Resources LLC Acquisition 46
Corp mln
Earthstone Black Asset 5 Pending
Energy Inc Mountain acquisition mln
Chord Energy BCP Asset NA Completed
Resources acquisition
Delaware VTX Energy Asset NA Completed
Basin Partners LLC acquisition
Resources
Cox Operating Arena Energy Asset NA Completed
LLC LLC acquisition
Undisclosed Elk Range Asset NA Unknown
private Royalties Lp acquisition
seller
Tower Rock Elk Range Asset NA Completed
Oil & Gas Royalties Lp acquisition
Swordfish Pearl Energy Investment NA Completed
Energy Investments
Holdings LLC
Novo Oil & Earthstone M&A 1.5 Completed
Gas Holdings Energy bln
Earthstone Permian M&A 4.5 Pending
Energy Resources bln
Warwick Viper Energy Asset 1 Pending
Capital Partners acquisition bln
Partners and
GRP Energy
Capital
NGP Energy Civitas M&A 4.7 Pending
Capital Resources bln
Management
Henry Energy Vital Energy Asset 1.17 Pending
and Henry acquisition bln
Resources,
Tall City
Property
Holdings III
and Maple
Energy
Holdings
Vencer Energy Civitas Asset 2.1 Pending
Resources acquisition bln
Pioneer Exxon Mobil M&A 59.5 Pending
Natural bln
Resources
M&A 12 Pending
CrownRock Occidental bln
Petroleum
Here are a few shale deals outside Permian:
Target Acquirer Deal type Deal value Status
(in USD)
PDC Energy Chevron M&A 7.6 bln Closed
Chesapeake WildFire Asset 1.43 bln N/A
Energy Energy acquisition
Chesapeake INEOS Asset 1.4 bln Closed
Energy acquisition
Chesapeake SilverBow Asset 700 mln Closed
Energy Resources acquisition
M&A 53 bln Pending
Hess Chevron
(Reporting by Mrinalika Roy, Tanay Dhumal, Kabir Dweit and Sourasis Bose in Bengaluru; Editing by Sriraj Kalluvila, Shinjini Ganguli and Maju Samuel)
((mrinalika.roy@thomsonreuters.com;))
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