Factbox: Exxon-Pioneer mega deal adds to Permian M&A frenzy amid rush to boost reserves

Baytex Energy

11/10/2023 12:23

(Adds Exxon-Pioneer deal)
       Oct 11 (Reuters) - Permian Basin dealmaking has got a
major boost with Exxon Mobil  XOM.N  set to buy rival Pioneer
Natural Resources  PXD.N  for nearly $60 billion, which will
make it the biggest producer in the largest U.S. oilfield.
    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                                      
 Chesapeake     WildFire      Asset          1.43  Pending
 Energy Corp    Energy        acquisition    bln   
 Chesapeake     INEOS         Asset          1.4   Completed
 Energy Corp                  acquisition    bln   
 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   
                Energy Ltd                         
 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                                         
 
 (Reporting by Mrinalika Roy, Tanay Dhumal and Sourasis Bose in
Bengaluru; Editing by Sriraj Kalluvila, Shinjini Ganguli and
Vinay Dwivedi)
 ((mrinalika.roy@thomsonreuters.com;))