(Reuters) -The consolidation wave in the U.S. energy sector that triggered $250 billion worth of deals in 2023 has stretched into this year, as companies look for opportunities to deploy their cash hoard and boost their reserves.
The majority of energy executives polled in December by the Federal Reserve Bank of Dallas expected more oil deals worth $50 billion or higher to pop up in the next two years.
In 2023, some 39 private companies were acquired by public companies, Enverus data showed.
Below is a list of deals in the U.S. oil and gas sector so far this year:
Target Acquirer Deal value Deal type Closing
(in $) date
Chord 3.84 bln Cash and Mid 2024
Enerplus Corp Energy stock
Diamondback 26 bln Cash and Q4, 2024
Endeavor Energy stock
Energy
APA Corp 4.5 bln All-stock Q2, 2024
Callon
Petroleum
Chesapeake 7.4 bln All-stock Q2, 2024
Southwestern Energy
Energy
Talos 1.29 bln Cash and End of Q1,
QuarterNorth Energy stock 2024
Energy
Sunoco 7.3 bln All-stock Q2, 2024
NuStar Energy
California 2.1 bln All-stock Second
Aera Energy Resources half, 2024
EQT Corp 5.5 bln All-stock Q4, 2024
Equitrans
Midstream
SLB 7.8 bln All-stock End of
ChampionX 2024
2.1 bln
SilverBow Crescent Cash End of
Resources Energy and stock Q3, 2024
(Compiled by Mrinalika Roy, Sourasis Bose, Tanay Dhumal and Seher Dareen in Bengaluru; Edited by Shweta Agarwal, Shounak Dasgupta and Ravi Prakash Kumar)
