The North American oil and gas industry continues to undergo one of the largest consolidation cycles in its history. Over the past several years, billions of dollars in mergers and acquisitions have transformed the competitive landscape, with major operators expanding their positions through strategic acquisitions in the Permian Basin, Eagle Ford, Haynesville, Williston Basin, Appalachia, and other key producing regions.
This report provides an overview of many of the most significant upstream transactions that have reshaped ownership across the United States. From ExxonMobil’s expansion through Pioneer Natural Resources, XTO, and Denbury, to ConocoPhillips’ acquisition of Marathon Oil, Chevron’s purchase of Hess, Devon’s merger with Coterra, Diamondback’s consolidation of the Midland Basin, and Magnolia Oil & Gas’ proposed acquisition of WildFire Energy, these transactions have fundamentally changed who controls many of the country’s most active drilling assets.
Understanding these ownership changes is increasingly important for operators, oilfield service companies, suppliers, investors, and business development teams. Companies often continue to operate under legacy legal entities long after a transaction closes, making it difficult to identify the current decision-maker behind permits, drilling activity, facilities, and purchasing decisions. Having visibility into both legacy operators and their current corporate ownership helps organizations improve account planning, CRM accuracy, market analysis, and sales targeting.
Whether you’re tracking customer accounts, monitoring basin activity, or identifying new business opportunities, this M&A overview serves as a practical reference to help navigate today’s rapidly evolving U.S. upstream landscape.
Overview
Magnolia Oil
| Legacy Company (Original Licensee) | Current Owner | M&A / Corporate Event |
| WILDFIRE ENERGY III LLC | Magnolia Oil & Gas (Pending Close) | Included in Magnolia Oil & Gas’ announced acquisition of WildFire Energy. Announcement: July 20, 2026. Transaction value: approximately US$4.06 billion (Enterprise Value). Expected to close in Q3 2026. |
Exxon XTO
| Legacy Company | Current Owner | M&A / Corporate Event |
| Pioneer Natural Resources (all variations) | ExxonMobil | ExxonMobil acquired Pioneer Natural Resources in May 2024 for approximately $60 billion. |
| XTO Energy (all variations including XTO Permian Operating LLC) | ExxonMobil | Exxon acquired XTO Energy in 2010 for approximately $41 billion. XTO remains a legal operating subsidiary. |
| Denbury (all variations) | ExxonMobil | ExxonMobil acquired Denbury in 2023 for approximately $4.9 billion. |
| DoublePoint Energy | Pioneer Natural Resources → ExxonMobil | Pioneer acquired DoublePoint Energy in 2021 (~$6.4 billion). Pioneer was subsequently acquired by ExxonMobil in 2024. |
| Parsley Energy (all variations) | Pioneer Natural Resources → ExxonMobil | Pioneer acquired Parsley Energy in 2021. Pioneer became part of ExxonMobil in 2024. |
| Jagged Peak Energy | Parsley Energy → Pioneer → ExxonMobil | Jagged Peak merged with Parsley Energy in 2020, then moved to Pioneer (2021), then ExxonMobil (2024). |
Devon
| Legacy Company | Current Owner | M&A / Corporate Event |
| Cabot Oil & Gas (all variations including Cabot Oil & Gas Corporation) | Devon Energy | Cabot Oil & Gas merged with Cimarex Energy in 2021 to form Coterra Energy (approximately $17 billion merger of equals). Coterra merged with Devon Energy in 2026 in a transaction valued at approximately $58 billion. |
| Cimarex Energy (all variations) | Devon Energy | Cimarex Energy merged with Cabot Oil & Gas in 2021 to create Coterra Energy. Coterra subsequently merged with Devon Energy in 2026. |
| COG Operating LLC | Devon Energy | COG Operating is the operating subsidiary of Coterra Energy. Following the 2026 Devon–Coterra merger, it became part of Devon Energy. |
| WPX Energy | Devon Energy | Devon Energy merged with WPX Energy in 2021 in an all-stock merger valued at approximately $12 billion, with the combined company retaining the Devon name. |
| Felix Energy | Devon Energy | Devon Energy acquired Felix Energy’s Delaware Basin assets in 2020 for approximately $2.5 billion. |
| RKI Exploration & Production | Devon Energy | Devon Energy acquired RKI Exploration & Production in 2015 for approximately $2.4 billion, significantly expanding its STACK position. |
| Validus Energy | Devon Energy | Devon Energy acquired Validus Energy in the Eagle Ford in 2022 for approximately $1.8 billion. |
| RimRock Oil & Gas | Devon Energy | Devon Energy acquired RimRock Oil & Gas’s Williston Basin assets in 2022 for approximately $865 million. |
| Grayson Mill Energy | Devon Energy | Devon Energy acquired Grayson Mill Energy in 2024 for approximately $5.0 billion, expanding its Williston Basin position. |
| Franklin Mountain Energy | Devon Energy | Coterra Energy acquired Franklin Mountain Energy in 2024 for approximately $3.9 billion. Franklin Mountain became part of Devon following the 2026 Devon–Coterra merger. |
| Avant Natural Resources | Devon Energy | Coterra Energy acquired Avant Natural Resources in 2024 as part of its Permian acquisitions (combined transaction value approximately $3.95 billion with Franklin Mountain). The assets became part of Devon in 2026 following the merger with Coterra. |
Oxy
| Legacy Company | Current Owner | M&A / Corporate Event |
| CrownQuest Operating (all variations) | Occidental Petroleum | Occidental Petroleum acquired CrownRock (owned by CrownQuest and Lime Rock Partners) in August 2024 for approximately $12 billion, including assumed debt. |
| Anadarko E&P Onshore LLC (all variations) | Occidental Petroleum | Occidental Petroleum acquired Anadarko Petroleum in August 2019 for approximately $55 billion, including assumed debt. Anadarko’s U.S. onshore assets became part of Occidental. |
| Kerr-McGee Oil & Gas Onshore LP (all variations) | Anadarko Petroleum → Occidental Petroleum | Anadarko acquired Kerr-McGee in 2006 for approximately $18 billion. Anadarko was subsequently acquired by Occidental Petroleum in 2019. |
| OxyRock Operating LLC | Occidental Petroleum | Formed as part of Occidental’s integration of the CrownRock acquisition completed in 2024. |
Conoco
| Legacy Company | Current Owner | M&A / Corporate Event |
| Burlington Resources | ConocoPhillips | ConocoPhillips acquired Burlington Resources in 2006 for approximately $35.6 billion. |
| Concho Resources | ConocoPhillips | ConocoPhillips acquired Concho Resources in 2021 in an all-stock transaction valued at approximately $9.7 billion. |
| Marathon Oil | ConocoPhillips | ConocoPhillips completed its acquisition of Marathon Oil in 2024 in an all-stock transaction valued at approximately $22.5 billion (including debt). |
Diamondback
| Legacy Company | Current Owner | M&A / Corporate Event |
| ENERGEN RESOURCES CORPORATION | Diamondback Energy | Diamondback Energy acquired Energen in November 2018 for approximately $9.2 billion. |
| ENDEAVOR ENERGY | Diamondback Energy | Diamondback Energy completed its merger with Endeavor Energy Resources in September 2024 in a transaction valued at approximately $26 billion. |
| QEP ENERGY COMPANY | Diamondback Energy | Diamondback Energy acquired QEP Resources in March 2021 for approximately $2.2 billion. |
| GUIDON ENERGY MGMT SERVICES LLC | Diamondback Energy | Diamondback Energy acquired Guidon Energy assets as part of its Midland Basin acquisitions. |
| DE IV OPERATING, LLC | Diamondback Energy | Diamondback Energy acquired Double Eagle IV assets in 2025 as part of its Midland Basin consolidation strategy. |
EOG
| Legacy Company | Current Owner | M&A / Corporate Event |
| Encino Energy | EOG Resources | EOG Resources acquired Encino Acquisition Partners, LLC (backed by Encino Energy and CPP Investments) for approximately $5.6 billion in 2025. The acquisition closed on August 1, 2025, significantly expanding EOG’s position in the Utica Shale. |
Chevron
| Legacy Company | Current Owner | M&A / Corporate Event (Value & Date) | Confidence |
| Hess Bakken Investments II, LLC | Chevron Corporation | Chevron acquired Hess Corporation in a $53 billion all-stock transaction. Closed July 18, 2025. | High |
| Noble Energy, Inc. | Chevron Corporation | Chevron acquired Noble Energy for approximately $13 billion (enterprise value). Closed October 5, 2020. | High |
| PDC Energy, Inc. | Chevron Corporation | Chevron acquired PDC Energy in a $7.6 billion all-stock transaction. Closed August 7, 2023. | High |
| Rosetta Resources Operating LP | Chevron Corporation | Noble Energy acquired Rosetta Resources for approximately $2.1 billion in cash and stock (July 2015). Noble was subsequently acquired by Chevron for $13 billion on October 5, 2020. | High |
Apex
| Legacy Company (Original Licensee) | Current Owner | M&A / Corporate Event |
| APEX NATURAL GAS, LLC | Apex Natural Gas Holdings (Citadel) | March 2025: Citadel acquired the former Paloma Natural Gas business and related assets for approximately US$1.0 billion (Asset Purchase Price). Transaction closed March 2025. The business was subsequently renamed Apex Natural Gas effective April 1, 2025. |
SM Energy
| Legacy Company | Current Owner | M&A / Corporate Event |
| Civitas Resources, Inc. | SM Energy Company | SM Energy acquired Civitas Resources in an all-stock merger. Transaction announced May 2025 and closed January 30, 2026. SM Energy remained the surviving public company. |
| Crestone Peak Resources | SM Energy Company | Crestone Peak Resources merged with Bonanza Creek Energy in November 2021 to form Civitas Resources. Civitas was subsequently acquired by SM Energy, closing January 30, 2026. |
| Bonanza Creek Energy | SM Energy Company | Bonanza Creek Energy merged with Crestone Peak Resources in November 2021 to form Civitas Resources. Civitas was subsequently acquired by SM Energy, closing January 30, 2026. |
| Extraction Oil & Gas | SM Energy Company | Extraction Oil & Gas emerged from bankruptcy and subsequently merged with Bonanza Creek Energy and was combined with Crestone Peak Resources to form Civitas Resources. Civitas was acquired by SM Energy on January 30, 2026. |
| HighPoint Resources | SM Energy Company | HighPoint Resources merged with Bonanza Creek Energy in 2021. Bonanza Creek later merged with Crestone Peak Resources to form Civitas Resources, which was acquired by SM Energy in 2026. |
Permian Resources
| Legacy Company (Licensee) | Current Owner | M&A / Corporate Event |
| Centennial Resource Production, LLC | Permian Resources Corporation | Centennial Resource Development and Colgate Energy announced a merger in May 2022 and closed in September 2022, creating Permian Resources. Earthstone Energy was subsequently acquired by Permian Resources for approximately US$4.5B (Enterprise Value). |
| Colgate Operating, LLC | Permian Resources Corporation | Colgate Energy merged with Centennial Resource Development in 2022 to form Permian Resources. |
| Earthstone Energy, Inc. | Permian Resources Corporation | Permian Resources acquired Earthstone Energy for approximately US$4.5B (Enterprise Value). Announced August 2023 and closed November 2023. |
| Chisholm Energy Operating, LLC | Permian Resources Corporation | Earthstone Energy acquired Chisholm Energy for approximately US$604M (Asset Purchase Price) in 2022. Earthstone was later acquired by Permian Resources. |
| Novo Oil & Gas Holdings, LLC | Permian Resources Corporation | Earthstone Energy acquired Novo Oil & Gas assets for approximately US$1.5B (Asset Purchase Price) in 2023. Earthstone was later acquired by Permian Resources. |
Expand
| Legacy Company (Original Licensee) | Current Owner | M&A / Corporate Event |
| CHESAPEAKE OPERATING LLC | Expand Energy Corporation | Chesapeake Energy merged with Southwestern Energy. Transaction announced January 11, 2024 and closed October 1, 2024. The combined company was renamed Expand Energy Corporation. Transaction value: approximately US$7.4 billion (Equity Value). |
| SOUTHWESTERN ENERGY PRODUCTION COMPANY | Expand Energy Corporation | Southwestern Energy merged with Chesapeake Energy. Transaction announced January 11, 2024 and closed October 1, 2024. Combined company renamed Expand Energy Corporation. Transaction value: approximately US$7.4 billion (Equity Value). |
| SEECO INC | Expand Energy Corporation | SEECO is a long-standing operating subsidiary of Southwestern Energy. Southwestern merged with Chesapeake Energy on October 1, 2024 and became Expand Energy Corporation. Transaction value: approximately US$7.4 billion (Equity Value). |
| INDIGO MINERALS LLC | Expand Energy Corporation | Indigo Natural Resources was acquired by Southwestern Energy. Transaction announced September 2021 and closed December 2021. Transaction value: approximately US$2.7 billion (Enterprise Value). Southwestern subsequently merged with Chesapeake Energy on October 1, 2024, creating Expand Energy Corporation. |
| GEP HAYNESVILLE, LLC | Expand Energy Corporation | GEP Haynesville was acquired by Southwestern Energy as part of the GEP Haynesville acquisition. Transaction announced September 2021 and closed November 2021. Transaction value: approximately US$1.85 billion (Asset Purchase Price). Southwestern later merged with Chesapeake Energy in 2024 to form Expand Energy Corporation. |
Matador
| Legacy Company | Current Owner | M&A / Corporate Event |
| Advance Energy Partners | Matador Resources | Matador Resources acquired Advance Energy Partners in January 2023 for approximately US$1.60 billion (Asset Purchase Price). Transaction announced January 2023 and closed January 2023. Advance’s assets became part of Matador Resources. |
| Ameredev | Matador Resources | Matador Resources acquired Ameredev in a transaction valued at approximately US$1.905 billion (Enterprise Value). Transaction announced July 2024 and closed September 2024. Ameredev’s Delaware Basin assets were integrated into Matador. |
BPX
| Legacy Company | Current Owner | M&A / Corporate Event |
| Petrohawk Energy Corporation | BP p.l.c. (via BPX Energy) | Petrohawk was acquired by BHP Billiton for approximately US$15.1 billion (Enterprise Value). Transaction announced July 14, 2011 and closed August 19, 2011. BHP’s U.S. shale assets were subsequently acquired by BP for US$10.5 billion (Asset Purchase Price), announced July 26, 2018 and closed October 31, 2018. |
| BHP Billiton Petroleum (North America Inc.) | BP p.l.c. | BP acquired substantially all of BHP’s U.S. onshore oil and gas assets for US$10.5 billion (Asset Purchase Price). Transaction announced July 26, 2018 and closed October 31, 2018. |
| BPX Operating Company | BP p.l.c. | Corporate name adopted following BP’s integration and rebranding of the former BHP U.S. shale business. BPX is an operating subsidiary of BP rather than a separately acquired company. |
Adamas
| Legacy Company | Current Owner | M&A / Corporate Event |
| Aethon Energy Management LLC | Mitsubishi Corporation, operating through Adamas Energy LLC | Mitsubishi acquired Aethon’s U.S. natural gas assets for approximately US$7.5 billion, consisting of about US$5.2 billion in equity and US$2.3 billion in assumed debt. The transaction transferred Aethon’s Haynesville Shale assets in East Texas and North Louisiana, including production of approximately 2.1 billion cubic feet per day (Bcf/d). The assets now operate under the Adamas Energy name as part of Mitsubishi’s integrated U.S. natural gas and liquefied natural gas strategy. |
Crescent Energy Inc
| Legacy Company | Current Owner | M&A / Corporate Event |
| Laredo Petroleum, Inc. | Crescent Energy | Laredo Petroleum changed its corporate name to Vital Energy in January 2023. Crescent Energy subsequently acquired Vital Energy in a transaction announced September 2025 and closed December 15, 2025. |
| Vital Energy, Inc. | Crescent Energy | Crescent Energy acquired Vital Energy in a transaction announced September 2025 and closed December 15, 2025. |
| SilverBow Resources, Inc. | Crescent Energy | Crescent Energy acquired SilverBow Resources for approximately US$2.1 billion (Enterprise Value). Transaction announced May 16, 2024 and closed July 2024. |
| Mesquite Energy, Inc. | Crescent Energy | Crescent Energy acquired Mesquite Energy through subsequent Eagle Ford asset acquisitions. |
| Contango Oil & Gas Company | Crescent Energy | Contango Oil & Gas combined with Independence Energy in an all-stock merger announced June 2021 to create Crescent Energy Company. |
| Independence Energy LLC | Crescent Energy | Independence Energy merged with Contango Oil & Gas in 2021, forming Crescent Energy Company. |
| Sabalo Energy, LLC | Crescent Energy | Sabalo Energy was acquired by Crescent Energy as part of its Eagle Ford growth strategy. Transaction value not publicly disclosed. |
| Ridgemar Energy Operating, LLC | Crescent Energy | Ridgemar Energy was acquired by Crescent Energy. Transaction value not publicly disclosed. |
| Upland Exploration LLC | Vital Energy → Crescent Energy | Upland Exploration assets were acquired by Laredo Petroleum (later renamed Vital Energy), which was subsequently acquired by Crescent Energy. |
| Forge Energy II Delaware, LLC | Vital Energy → Crescent Energy | Forge Energy II assets were acquired by Vital Energy, which was subsequently acquired by Crescent Energy. |
| Point Energy Partners LLC | Vital Energy → Crescent Energy | Point Energy Partners assets became part of Vital Energy through acquisition. Vital Energy was later acquired by Crescent Energy. |
| Driftwood Energy Operating, LLC | Crescent Energy | Driftwood Energy assets became part of Crescent Energy through Eagle Ford acquisitions. Transaction value not publicly disclosed. |
EQT
| Legacy Company | Current Owner | M&A / Corporate Event |
| EQT | EQT Corporation | EQT is the current corporate name of Equitable Resources, Inc. The company completed a holding-company reorganization on June 30, 2008, and changed the new parent company name to EQT Corporation effective February 9, 2009. This was an internal corporate restructuring and name change; no transaction value was applicable. |
| EQT ARO LLC | EQT Corporation | EQT ARO LLC is an EQT Corporation subsidiary associated with the Alta Resources portfolio. EQT announced the acquisition of Alta Resources Development LLC’s upstream and midstream subsidiaries on May 6, 2021, for approximately US$2.925 billion (Asset Purchase Price), consisting of US$1.0 billion in cash and approximately US$1.925 billion of EQT shares. The acquisition closed July 21, 2021. |
| EQT CHAP LLC | EQT Corporation | EQT CHAP LLC is associated with the former Chevron Appalachia assets. EQT announced the acquisition of Chevron U.S.A. Inc.’s Appalachian upstream and midstream assets on October 27, 2020, for US$735 million (Asset Purchase Price). The transaction closed November 30, 2020. |
| EQT CHAP, LLC | EQT Corporation | EQT CHAP LLC is associated with the former Chevron Appalachia assets. EQT announced the acquisition of Chevron U.S.A. Inc.’s Appalachian upstream and midstream assets on October 27, 2020, for US$735 million (Asset Purchase Price). The transaction closed November 30, 2020. |
| EQT PROD CO | EQT Corporation | EQT PROD CO maps to EQT Production Company, an operating subsidiary of EQT Corporation. The parent organization completed a holding-company reorganization on June 30, 2008. The holding company changed its name from Equitable Resources, Inc. to EQT Corporation effective February 9, 2009. No separate purchase price applied. |
| EQT PRODUCTION COMPANY | EQT Corporation | EQT Production Company is an operating subsidiary of EQT Corporation. The parent organization completed a holding-company reorganization on June 30, 2008. The holding company changed its name from Equitable Resources, Inc. to EQT Corporation effective February 9, 2009. No separate purchase price applied. |
| EQT PRODUCTION COMPANY, LLC | EQT Corporation | EQT Production Company, LLC is an operating subsidiary of EQT Corporation. The parent organization completed a holding-company reorganization on June 30, 2008. The holding company changed its name from Equitable Resources, Inc. to EQT Corporation effective February 9, 2009. No separate purchase price applied. |
| EQUITRANS, L. P. | EQT Corporation | Equitrans, L.P. was part of EQT’s legacy midstream organization. EQT separated its midstream business into Equitrans Midstream Corporation through a tax-free spin-off completed November 12, 2018. EQT announced the recombination on March 11, 2024, and completed its acquisition of Equitrans Midstream on July 22, 2024. The all-stock merger included approximately US$5.5 billion in common-equity consideration (Equity Value), US$79.5 million in employee-equity consideration and US$685.3 million to redeem preferred shares. |
| RICE DRILLING B LLC | EQT Corporation | Rice Drilling B LLC was an operating subsidiary of Rice Energy Inc. EQT announced its acquisition of Rice Energy on June 19, 2017, for approximately US$6.7 billion in total consideration and assumed or refinanced approximately US$1.5 billion of net debt and preferred equity. The merger closed November 13, 2017. The entity continues as an EQT operating subsidiary. |
| RICE DRILLING D LLC | EQT Corporation | Rice Drilling D LLC was an operating subsidiary of Rice Energy Inc. EQT announced its acquisition of Rice Energy on June 19, 2017, for approximately US$6.7 billion in total consideration and assumed or refinanced approximately US$1.5 billion of net debt and preferred equity. The merger closed November 13, 2017. The entity continues as an EQT operating subsidiary. |
| TUG HILL OPERATING, LLC | EQT Corporation | Tug Hill Operating, LLC was part of the Quantum Energy Partners-backed Tug Hill upstream business. EQT announced the acquisition of Tug Hill and XcL Midstream in September 2022 and completed the transaction August 22, 2023. Final consideration consisted of approximately US$2.4 billion in cash and 49.6 million EQT common shares. |
Hilcorp Energy Company
| Legacy Company | Current Owner | M&A / Corporate Event |
| HILCORP ALASKA, LLC | Hilcorp Energy I, L.P. / Hilcorp group | Effective January 1, 2026, Hilcorp Alaska, LLC underwent an internal reorganization that transferred certain Alaska assets to newly established entities. Hilcorp states these entities are wholly owned indirect subsidiaries of Hilcorp Energy I, L.P. and affiliates of Hilcorp Alaska, LLC. No transaction value was publicly disclosed. (Hilcorp) |
| HILCORP NORTH SLOPE, LLC | Hilcorp Alaska, LLC / Hilcorp group | BP announced the sale of its Alaska business to Hilcorp on August 27, 2019 for US$5.6 billion in total consideration. The upstream acquisition closed June 30, 2020, followed by the midstream acquisition on December 18, 2020. BP Exploration (Alaska), Inc. converted to an LLC and changed its name to Hilcorp North Slope, LLC on July 1, 2020. |
Flywheel
| Legacy Company | Current Owner | M&A / Corporate Event |
| FLYWHEEL ENERGY PRODUCTION, LLC | Stone Ridge Energy / Flywheel Energy | Flywheel Energy Production, LLC is an operating subsidiary of Flywheel Energy. Flywheel acquired Eagle Ford assets from Baytex Energy in December 2025 for approximately US$2.14 billion (Asset Purchase Price). Flywheel is backed by Stone Ridge Energy. |
| PENN VIRGINIA OIL & GAS, LP | Flywheel Energy / Stone Ridge Energy | Penn Virginia reorganized through Chapter 11 bankruptcy and emerged in September 2016. Penn Virginia later acquired Lonestar Resources in October 2021 and changed its corporate name to Ranger Oil Corporation. Ranger Oil was acquired by Baytex Energy for approximately US$2.5 billion (Enterprise Value). The transaction was announced on February 28, 2023, and closed on June 20, 2023. Baytex subsequently sold substantially all of its Eagle Ford assets to Flywheel Energy in December 2025 for approximately US$2.14 billion (Asset Purchase Price). |
| TEXAS AMERICAN RESOURCES II LLC | Flywheel Energy / Stone Ridge Energy | Texas American Resources II LLC ultimately followed the ownership chain Penn Virginia → Ranger Oil → Baytex Energy → Flywheel Energy. The Eagle Ford assets were transferred to Flywheel Energy in December 2025 as part of Baytex’s approximately US$2.14 billion Asset Purchase. |
Chord
| Legacy Company | Current Owner | M&A / Corporate Event |
| Chord Energy Corporation | Chord Energy Corporation (Independent Public Company) | Chord Energy Corporation was created following the merger of Oasis Petroleum Inc. and Whiting Petroleum Corporation. The transaction was announced on March 7, 2022 and closed on July 1, 2022 with an Enterprise Value of approximately US$6.0 billion. Following the merger, the combined company changed its corporate name from Oasis Petroleum Inc. to Chord Energy Corporation. Prior to the merger, Oasis Petroleum emerged from Chapter 11 bankruptcy on November 19, 2020 under substantially the same ownership structure. Chord subsequently acquired Enerplus Corporation, with the transaction announced on February 21, 2024 and closed on May 31, 2024, creating a larger Williston Basin operator with an Enterprise Value of approximately US$11 billion. Chord Energy continues to operate today as the surviving public company. |
Comstock
| Legacy Company (as in Licensee) | Current Owner | M&A / Corporate Event |
| COMSTOCK RESOURCES, INC. | Comstock Resources, Inc. | Formerly Comstock Tunnel and Drainage Company. The company changed its corporate name to Comstock Resources, Inc. in November 1987. In July 2019, Comstock acquired Covey Park Energy for approximately US$2.2 billion (Enterprise Value). Transaction announced June 10, 2019 and closed July 16, 2019. In August 2018, Comstock also completed the acquisition of Haynesville assets from Jerry Jones-owned entities for approximately US$620 million (Asset Purchase Price), closing August 14, 2018. |
APA
| Legacy Company (as in file) | Current Owner | M&A / Corporate Event |
| Apache Corporation | APA Corporation | Apache Corporation reorganized into APA Corporation through a holding-company restructuring. The corporate name changed effective March 1, 2021. Apache Corporation continues to operate as the principal operating subsidiary of APA Corporation. No acquisition occurred and no transaction value applies. |
| Callon Petroleum Company | APA Corporation | APA Corporation announced an all-stock acquisition of Callon Petroleum Company in January 2024. The transaction closed April 1, 2024 with an Enterprise Value of approximately US$4.5 billion. Callon became part of APA Corporation. |
| Carrizo Oil & Gas, Inc. | APA Corporation | Callon Petroleum acquired Carrizo Oil & Gas for approximately US$3.2 billion (Enterprise Value). Announced July 2019 and closed December 20, 2019. Callon was subsequently acquired by APA Corporation for US$4.5 billion (Enterprise Value), closing April 1, 2024. |
| Primexx Energy Partners | APA Corporation | Callon Petroleum acquired Primexx Energy Partners in October 2021 for approximately US$788 million (Asset Purchase Price). Callon was later acquired by APA Corporation, closing April 1, 2024. |
| Percussion Petroleum Operating II, LLC | APA Corporation | Callon Petroleum acquired Percussion Petroleum Operating II, LLC in February 2024 for approximately US$475 million (Asset Purchase Price). Shortly thereafter, Callon was acquired by APA Corporation for US$4.5 billion (Enterprise Value), closing April 1, 2024. |
Author: phinds