US energy sector consolidation extended through 2024 – Canadian energy news, top headlines, commentary, features and events

Most energy executives surveyed by the Federal Reserve Bank of Dallas in December expected more oil deals worth at least $50 billion to emerge over the next two years.

In 2023, approximately 39 private companies were acquired by public companies, according to Enverus data.

Below is a list of deals completed this year in the US oil and gas sector:

Objective	Buyer	Transaction value (in $)	Contract type	closing date
	Chord energy	3.84 billion	Cash and shares	Mid 2024
	Diamondback energy	26 billion	Cash and shares	Q4 2024
	APA company	4.5 billion	The entire warehouse	Q2 2024
	Chesapeake Energy	7.4 billion	The entire warehouse	Q2 2024
	Talos energy	1.29 billion	Cash and shares	End of Q1 2024
	Sunoko	7.3 billion	The entire warehouse	Q2 2024
	California Resources	2.1 billion	The entire warehouse	Second half of 2024
	EQT company	5.5 billion	The entire warehouse	Q4 2024
	SLB	7.8 billion	The entire warehouse	End of 2024
	Crescent Moon Energy	2.1 billion	Cash and shares	End of Q3 2024
	Energy transfer	3.25 billion	Cash and shares	Q3 2024
	ConocoPhillips	22.5 billion	The entire warehouse	Q4 2024