For deal sourcers, staying current on private company activity is critical to spotting active buyers, tracking market trends, and uncovering emerging investment opportunities ahead of competitors.
In December alone, we added more than 2,500 new private company transactions, bringing the total to over 16,000 searchable deals across sectors, industries, and transaction types in Dakota Marketplace.
Inside Dakota Marketplace, you’ll find the transactions tab that provides structured, filterable data on deal types, values, and dates, while our editorial team curates daily updates through the Dakota transactions newsletter, helping you cut through the noise and focus on what matters most.
To ensure the most comprehensive coverage of private market activity, Dakota monitors over 10,000 websites including company websites, newswires, and numerous third-party news providers to capture and verify transaction data as it happens.
Below are the top 10 energy transactions.
- Transaction Date: 12/22/2025
- Industry: Oil & Gas & Consumable Fuels
- Type: Acquisition/Merger
- Transaction Value: 3.2B
- Participants: Harbour Energy plc, Guggenheim Securities Investment Banking
Harbour announced a $3.2 billion acquisition of LLOG Exploration Company, marking its strategic entry into the deepwater U.S. Gulf of America and establishing a new core operating region. The deal adds long-life, oil-weighted offshore assets that are expected to boost production, extend reserve life, and enhance free cash flow beginning in 2027.
- Transaction Date: 12/15/2025
- Industry: Oil & Gas & Consumable Fuels
- Type: Acquisition/Merger
- Transaction Value: $3.1B
- Participants: Crescent Energy Co, Jefferies Investment Banking, Evercore Private Funds Group
Crescent Energy closed its all-stock acquisition of Vital Energy, creating a top ten liquids-weighted independent E&P company with enhanced scale and free cash flow generation. The transaction strengthens Crescent’s operational footprint across premier U.S. basins and supports disciplined capital allocation and long-term shareholder value.
- Transaction Date: 12/1/2025
- Industry: Oil & Gas & Consumable Fuels
- Type: Buyout/Private Equity
- Transaction Value: $1.8B
- Participants: Stonepeak, Energy Equation Partners, Phillips 66
Stonepeak and Energy Equation Partners completed the acquisition of a 65% majority stake in JET Tankstellen Deutschland in a transaction valuing the business at approximately €2.5 billion, with Phillips 66 retaining a minority interest. The deal positions JET to expand its fuel, convenience retail, and EV charging footprint across Germany and Austria under new ownership.
- Transaction Date: 12/8/2025
- Industry: Oil & Gas & Consumable Fuels
- Type: Real Assets
- Transaction Value: $2.8B
- Participants: Antero Resources Corporation, RBC Capital Markets, Quantum Capital Group
Antero Resources announced a definitive agreement to acquire HG Energy’s Marcellus upstream assets for $2.8 billion, expanding its core Appalachian footprint and enhancing scale. The transaction is paired with a divestiture of Antero’s Utica assets, reinforcing the company’s capital discipline and portfolio optimization strategy.
- Transaction Date: 12/19/2025
- Industry: Oil & Gas & Consumable Fuels
- Type: Acquisition/Merger
- Transaction Value: $1.3B
- Participants: Peoria Resources, Japan Petroleum Exploration Co, Kirkland & Ellis
Peoria Resources entered into an all-equity agreement to acquire Verdad Resources’ operated oil and gas business in Colorado’s DJ Basin, adding scale and a sizable operated inventory. The transaction aligns with Peoria’s strategy to build a scalable U.S. onshore platform backed by JAPEX, anchored by high-quality acreage and strong margins.
- Transaction Date: 12/1/2025
- Industry: Oil & Gas & Consumable Fuels
- Type: Acquisition/Merger
- Transaction Value: $1.25B
- Participants: Targa Resources, Willkie Far & Gallagher LLP, EnCap Flatrock Midstream
Targa Resources announced a definitive agreement to acquire Stakeholder Midstream for $1.25 billion, expanding its gathering and processing footprint in the Permian Basin. The bolt-on acquisition adds stable, fee-based cash flows backed by long-term acreage dedications and strengthens Targa’s sour gas treating and CCUS capabilities.
- Transaction Date: 12/8/2025
- Industry: Oil & Gas & Consumable Fuels
- Type: Real Assets
- Transaction Value: $1.1B
- Participants: Antero Midstream Corporation, Quantum Capital Group, Vinson & Elkins LLP
Antero Midstream announced a definitive agreement to acquire HG Energy’s midstream assets for $1.1 billion in cash, expanding its gathering and water infrastructure in the Marcellus Shale. The transaction complements Antero Resources’ $2.8 billion upstream acquisition, strengthening the integrated Appalachian platform through enhanced scale and operational efficiency.
- Transaction Date: 12/15/2025
- Industry: Oil & Gas & Consumable Fuels
- Type: Credit
- Transaction Value: $903M
- Participants: OMERS Infrastructure
OMERS Infrastructure completed €770 million in new debt financing at Borealis Spain Parent, supporting its long-standing investment in Exolum, a global energy logistics and aviation fuel infrastructure leader. The oversubscribed financing underscores Exolum’s strong fundamentals, diversified energy transition strategy, and the resilience of its critical pipeline and storage assets across Europe and global aviation hubs.
- Transaction Date: 12/8/2025
- Industry: Oil & Gas & Consumable Fuels
- Type: Real Assets
- Transaction Value: $800M
- Participants: Antero Resources, RBC Capital Markets, Wells Fargo Prime Services
Antero Resources announced a definitive agreement to acquire HG Energy’s Marcellus upstream assets for $2.8 billion while simultaneously divesting its Ohio Utica Shale assets for $800 million. The paired transactions sharpen Antero’s focus on its core Marcellus position and reinforce capital discipline through portfolio optimization.
- Transaction Date: 12/12/2025
- Industry: Oil & Gas & Consumable Fuels
- Type: Credit
- Transaction Value: $586M
- Participants: Scayl
Swedish energy company Elvy raised €500 million in financing to scale its subscription-based home energy platform, offering solar panels, heat pumps, and battery systems with no upfront costs. The funding will support Elvy’s expansion across Sweden, enabling thousands of households to adopt AI-optimized, cost-predictable energy solutions.
Transactions in Dakota Marketplace
At Dakota, we understand how important it is to stay current on deal activity as it happens. That’s why our editorial team continuously monitors the news for real-time updates on platform investments, add-ons, divestitures, and more to deliver daily highlights straight to your inbox through our transactions newsletter.
Inside Dakota Marketplace, the transactions tab provides structured, filterable data with deal dates, types, sectors, and financials, allowing you to build a customized feed that aligns with your focus areas.
Whether you're evaluating a new investment opportunity or tracking trends within a target sector, Dakota Marketplace helps you cut through the noise and focus on what matters most.
For more information on these transactions and a deeper dive into their industries and sub-industries, book a demo of Dakota Marketplace.
