Enverus has acquired TGS‘ North American well data products business for more than $100 million, adding one of the industry’s largest commercial well log databases to its energy intelligence platform while allowing TGS to sharpen its strategic focus on offshore geophysical services. The transaction includes $100 million paid at closing, with an additional $15 million earnout tied to […]
Continental Resources remained the largest private oil and gas producer in the United States, according to Enverus‘ latest annual ranking of the nation’s top 100 private E&P operators. The company topped the list with average production of approximately 707,000 boed, followed by Mewbourne Oil at 575,000 boed and Aethon Energy at 443,000 boed. Ascent Resources and Hilcorp rounded out the top five, with no changes […]
Enverus, a firm that provides analytics, reported on Wednesday that the amount of deals in the U.S. oil and gas sector upstream jumped to $38 billion during the first quarter this year. This was the highest quarterly figure in two years. Last week, Devon Shale Producers and Coterra, a smaller competitor to Devon, closed their merger after first announcing the plans in February. This deal, valued at $25 billion, took up the majority of Q1’s dealmaking.
The first Global Research report zeroes in on Argentina’s Vaca Muerta shale, highlighting its world-class productivity yet revealing that M&A buyers are acquiring assets at valuations well below those seen in U.S. shale basins. According to Enverus, deals imply buyers are paying about $1 million per undeveloped well location, compared with approximately $4 million for U.S. shale locations of similar quality.
Upstream M&A decelerated in the second quarter of 2025, with value falling 21% quarter-over-quarter to $13.5 billion, according to Enverus Intelligence Research (EIR) summary of Q2 2025 upstream M&A activity and outlook for the rest of the year. EIR analysts say this is the second lowest quarterly deal value since the start of 2024 and placed 1H25 M&A value at $30.5 billion, a 60% drop compared to the first half of 2024.
The size of the U.S. oil and gas deals has hit a record $51 billion during the first quarter of 2024, data provider Enverus said.