Long and Short’s Post

Constellation is close to finalizing a $30bn deal to acquire power producer Calpine, a transaction that would significantly bolster its generation capacity amid growing US power demand. The deal, expected to be announced by January 13, is likely to involve a payment structure consisting mostly of stock, with a smaller cash component. Historically, Constellation Energy has worked with Sidley Austin LLP and Bank of America, according to MergerLinks data. #MergersAcquisitionsDivestitures #Energy #PowerProducer

Super Early Bird savings of $800 for the 2024 North America Energy Capital Assembly end this week! Book today to secure your ticket to join us on October 16 - 17 in Houston: https://lnkd.in/e7knq5TB We will be gathering 350+ leading decision-makers from across our network, including C-Suite executives from the likes of: 🤝 E&P Players: Encino Energy, ExxonMobil, Chesapeake, Chord Energy, Tamboran Resources, & JAPEX, exploring growth opportunities in evolving market dynamics & strategies for compliance in an uncertain regulatory environment. 🤝 Midstream Players: Crown LNG, Mexico Pacific, & Freeport LNG, highlighting the midstream & infrastructure opportunities available to investors in light of the potential high-risk returns profiles of upstream investments. 🤝 Active Energy Investors: Quantum Energy Partners, Sixth Street, Pontem Energy Capital, Morgan Stanley Energy Partners, Oaktree Capital Management, EIV Capital, & Pickering Energy Partners, looking at the finance and investor universe for O&G in 2024 and beyond. Find out more on our website: https://lnkd.in/e7knq5TB #Northam24 #energysector #energytransition #oilandgasindustry #midstream #explorationandproduction #energyindustry #energypolicy

Buru Energy's CEO, Thomas Nador, recently took part in a MST Financial Oil and Gas Webinar which showcased six ASX listed companies. Thomas spoke in detail about Buru’s Farm-in Agreement with Sabre Energy, it’s plans to drill the Mars prospect, the Rafael discovery and it’s energy transition businesses 2H Resources and GeoVault. Click here to see the full presentation: https://lnkd.in/gm-QHzcP NB. MST Financial (“MST”) materials, or any portion thereof, may not be reproduced, sold or redistributed without the prior and written consent of MST. MST Access reports, updates, video interviews and other materials produced by MST Access have generally been engaged and paid by the subject company for ongoing research coverage. Please refer to full disclosures and disclaimers in the company-specific reports. #presentation #energy #exploration #production #energytransition

𝐀𝐭𝐥𝐚𝐬 𝐄𝐧𝐞𝐫𝐠𝐲 𝐀𝐜𝐪𝐮𝐢𝐫𝐞𝐬 𝐌𝐨𝐬𝐞𝐫 𝐄𝐧𝐞𝐫𝐠𝐲 𝐒𝐲𝐬𝐭𝐞𝐦𝐬 𝐟𝐨𝐫 $220𝐌 Atlas Energy Solutions (AESI) announced its acquisition of Moser Energy Systems in a $220 million cash-and-stock deal set to close by the end of Q1 2025. The acquisition will enhance Atlas’ operations in the Permian Basin and expand its customer base with Moser’s innovative power service offerings. The deal includes $180 million in cash and 1.7 million Atlas shares. Moser’s assets are expected to generate $40–$45 million in adjusted core earnings in 2025. Known for developing generator systems that reduce natural gas flaring, Moser supports oilfield, industrial, and military energy needs. Atlas, which went public in 2023 with a $1.75 billion valuation, now boasts a $2.64 billion market cap. #EnergyAcquisition #OilfieldServices #EnergySolutions #PermianBasin #NaturalGas #SustainableEnergy #BusinessGrowth #EnergyInnovation https://lnkd.in/gRBSeEv8

Constellation Energy shares surged over 23% to $300.50 after announcing a $26.6 billion deal to acquire Calpine, creating the largest clean energy provider in the U.S. The acquisition expands Constellation’s presence in Texas, California, and the Northeast, adding over $2 billion in annual free cash flow and $2 EPS post-2026. This cash-and-stock deal, which includes assuming $12.7 billion of Calpine’s debt, is expected to close within 12 months. Rising energy demand for AI data centers has driven significant growth in energy stocks like Constellation over the past year. #CleanEnergy #MergersAndAcquisitions #AI

Carnelian Energy Capital-backed PARALLAX ENDURANCE ENERGY, an upstream exploration and production company, completed the acquisition of Vesta Energy Ltd, an oil and gas company. Financial terms were not disclosed. You can submit deals you were involved with here: https://lnkd.in/d_Firwmh “We are excited to close the acquisition of Vesta. We now control among the largest inventories of low-breakeven Duvernay oil locations, with recent completion advancements underpinning some of the highest returns in the WCSB. With a fully capitalized and growth driven mindset, we look to pair an accelerated organic development program with a runway of strategic consolidation opportunities," Dustin Hoffman, Parallax CEO. Parallax Energy was advised by Vinson & Elkins, Stikeman Elliott LLP, Gowling WLG, National Bank Financial and ATB Capital Markets. Debt financing was provided by RBC Capital Markets, BMO Capital Markets, ATB Financial and National Bank Financial. #MergersAcquisitionsDivestitures #Upstream #Energy

Diversified Energy Company to acquire gas assets in West Virginia and Alabama @div_energy #LSE #NYSE #DEC. Diversified Energy Company PLC (LSE:DEC, NYSE:DEC) has announced its first acquisition of 2025, picking up natural gas assets in West Virginia and Alabama for $45 million. The assets, gas fields and related facilities, are being acquired from Summit Natural Resources – the package includes coal mine methane, with opportunities to extend production in the future. DEC expects to close the transaction in the first quarter of 2025. It will add around 12 million cubic feet equivalent per day (MMcfepd) of production and 65 billion cubic feet equivalent (Bcfe)... http://ow.ly/CbOK105W2Qb

Appalachian Moves: Pine Run Gathering LLC completed a deal to acquire Superior Midstream Appalachian LLC for $120 million.  Pine Run Gathering is a joint venture owned by a subsidiary of Stonehenge Energy Resources III LLC, a portfolio company of Energy Spectrum Partners VIII LP, and UGI Corp.’s wholly owned subsidiary, UGI Energy Services LLC (UGIES). https://lnkd.in/g5nKhJCr

Energy Transfer, which owns and operates one of the largest and most diversified portfolios of energy assets in the United States, agreed to acquire West Texas Gas, a privately held midstream company headquartered in Midland, Texas, from Stonepeak, the Davis Real Estate, LLC and Diamondback Energy for $3.25bn. WTG’s extensive system processes significant volumes from large cap investment grade producers with firm, long-term contracts and acreage dedications. The addition of WTG assets is expected to provide Energy Transfer with increased access to growing supplies of natural gas and NGL volumes enhancing the partnership’s Permian operations and downstream businesses. West Texas Gas team is advised by Jefferies and Sidley Austin LLP. Energy Transfer (led by Dylan Bramhall) is advised by RBC Capital Markets and Vinson & Elkins. Stonepeak is led by Michael Dorrell. Diamondback Energy is led by Travis Stice. #MergersAcquisitionsDiversitures #Energy #PrivateEuity

Energy company Constellation Energy has acquired Calpine Energy for a net purchase price of USD 26.6 billion❗. This big move combines two of the largest electricity ⚡ generators in the United States 🙌 . Calpine is the operator of the Geysers geothermal ♨️ power complex in California, making it the largest geothermal operator in the US. Read more here ➡️: https://lnkd.in/df5VaFU9 #US #Geothermal #Acquisition #Geysers #Sustainability #Renewable