Consolidation and Buyer Demand Continue to Drive Mergers, Offloads, and Acquisitions
What a year it’s been less than two months into 2026 for oil and gas mergers, asset divestitures, and acquisitions. While buyer demand remains strong for shale opportunities, especially in the luxe-priced Permian, it’s driven more producers to seek out opportunities in other basins, including explorations of new frontiers outside the U.S.
Reese Energy Consulting
today is keeping with domestic moves, starting with the latest from Denver-based
Ovintiv
, which has waved see-you-later-bye to its Anadarko position. The $3 billion cash deal with Stone Ridge Asset Management and
Flywheel Energy, LLC
includes 360,000 net acres and 90 MBOED, adding to.FlyWheel’s $1.3 billion acquisition last year of 300,000 net acres in the Anadarko from
ConocoPhillips
.
Meanwhile, midstreamer
Kinetik
Holdings is flirting with a sale of its Permian Delaware midstream system after receiving a “Hello, beautiful” takeover wink from
Oxy
’s
Western Midstream
. Kinetik, which operates 4,600 miles of natural gas and crude oil gathering and transportation pipe across Texas and N.M., and six gas plants, might have been taken by surprise by the interest. The company is now testing sales vibes from other potential midstream buyers before a pen meets paper.
Lest we forget,
ExxonMobil
and
SM Energy Company
are still looking for buyers for their Eagle Ford assets. March could bring them.
What do you think? Learn more about REC and our crude oil, natural gas, and LNG expertise and services at
https://lnkd.in/ebXT2mS
.
#Energy #acquisitions #divestitures #reeseenergyconsulting