Energy mergers, acquisitions and investments galore: which companies are making big moves in the Permian Basin?
After working for several years to strike a deal, Camber Energy and Viking Energy reached a new agreement to merge. Under an amended agreement, Viking will become a wholly-owned subsidiary of Camber.
FireBird Energy II nabbed over $500 million to pursue Permian deals. Backed by private equity firm Quantum Energy Partners, the E&P company is targeting acquisitions in the Permian’s Midland Basin – much like its predecessor, FireBird I, which was acquired by Diamondback Energy just last year.
Private equity firm NGP continues to back Wing Resources on mineral and royalty deals. Wing secured another $100 million from NGP for a seventh partnership and plans to continue focusing on mineral and royalty acquisitions in the Permian Basin.
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