Top 10 Energy Transactions (June 2026)

Top 10 Energy Transactions (June 2026)
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The data behind this list comes from Dakota Marketplace, the global private markets intelligence platform used by thousands of investment professionals to research LPs, GPs, and private companies. Built by fundraisers for fundraisers, Dakota Marketplace delivers complete, accurate, and daily-updated intelligence across every allocator channel, from family offices and RIAs to sovereign wealth funds and public pensions. Learn More | Book a Demo

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 June alone, we added more than 1,500 new private company transactions, bringing the total to over 25,700 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.

1. Raízen’s Argentina Operations - Asset Purchase

  • Transaction Date: 6/4/2026
  • Industry: Oil & Gas & Consumable Fuels
  • Type: Acquisition / Merger
  • Transaction Value: $1.42B

Mercuria Energy Group signed a binding agreement to acquire 100% of Raízen's downstream operations in Argentina, including refining, fuel distribution, and associated infrastructure assets, for approximately $1.42 billion. The deal strengthens Mercuria's presence in Latin American energy markets and remains subject to customary closing conditions and regulatory approvals.

2. Two Mountain Creek and Canyon Peak Power Gas Assets in Colorado - Asset Purchase

  • Transaction Date: 6/3/2026
  • Industry: Energy Equipment & Services
  • Type: Acquisition / Merger
  • Transaction Value: $1B

TransAlta agreed to acquire Mountain Peak Power and Canyon Peak Power, two natural gas peaking facilities totaling 318 MW near Denver, Colorado, from indirect subsidiaries of Blackstone, in a deal valued at $1.0 billion including assumption of $750 million in project-level debt. The acquisition, expected to close early in the fourth quarter of 2026, is being partly funded by a concurrent $350 million bought deal common share offering.

3. KAPS Pipeline - Infrastructure

  • Transaction Date: 6/17/2026
  • Industry: Oil & Gas & Consumable Fuels
  • Type: Real Assets
  • Transaction Value: $859M

Keyera closed its acquisition of the remaining 50% non-operating interest in the KAPS Pipeline from Stonepeak for $1.215 billion, giving Keyera full ownership of the strategic NGL pipeline connecting Montney and Duvernay production to downstream markets. The deal, funded partly through a $525 million bought deal equity offering, is expected to be accretive to distributable cash flow per share and closed concurrently with the announcement.

4. Four Carigali and EP Malaysia Offshore PSCs - Asset Purchase

  • Transaction Date: 6/10/2026
  • Industry: Oil & Gas & Consumable Fuels
  • Type: Acquisition / Merger
  • Transaction Value: $833M

EnQuest, via its Malaysian unit, agreed to acquire participating interests in four offshore contract sharing projects in Malaysia from Petronas units Carigali and EP Malaysia for up to $833 million, funded through existing debt facilities and cash on hand. The deal, structured as a reverse takeover under British rules, expands EnQuest's South East Asian presence and is expected to conclude by the end of 2026.

5. Pinnacle Gas Services - Divestiture

  • Transaction Date: 6/15/2026
  • Industry: Oil & Gas & Consumable Fuels
  • Type: Buyout / Private Equity
  • Transaction Value: $600M

Sixth Street invested $600 million for a 27% non-controlling equity interest in Pinnacle Gas Services, Comstock Resources' midstream subsidiary, valuing Pinnacle at a $2.2 billion enterprise value while Comstock retains 73% ownership and operational control. Proceeds were used to retire Pinnacle's preferred equity and outstanding debt, strengthening Comstock's balance sheet and reducing fixed charges by roughly $40 million annually.

6. Frontera Petroleum International - Strategic Acquisition

  • Transaction Date: 6/1/2026
  • Industry: Oil & Gas & Consumable Fuels
  • Type: Acquisition / Merger
  • Transaction Value: $525M

Parex Resources closed its acquisition of 100% of Frontera Petroleum International Holdings B.V., Frontera Energy's Colombian exploration and production business, for $500 million cash plus a $25 million contingent payment and assumption of net debt, adding 37,000 boe/d of production and establishing Parex as the largest independent Colombia-focused upstream company. The deal, which had an effective date of January 1, 2026, closed on June 1, 2026 after topping a rival bid from GeoPark and securing Frontera shareholder approval.

Flagging: the definitive agreement date isn't explicitly stated in either release (only that it followed GeoPark's Jan 29, 2026 agreement and preceded the June 1 close) — let me know if you have that date on file.

7. Flatrock Compression - Strategic Acquisition

  • Transaction Date: 6/15/2026
  • Industry: Energy Equipment & Services
  • Type: Acquisition / Merger
  • Transaction Value: $120M

Natural Gas Services Group acquired Flatrock Compression Holdings, a rental compression services provider operating in the Permian Basin and Eagle Ford with approximately 86,000 horsepower of rented fleet, for $110 million in cash and $10 million in newly issued NGS common stock. The deal, representing a 6.2x Adjusted EBITDA multiple, increases NGS's operational density in both basins and closed simultaneously with the signed purchase agreement on June 12, 2026.

8. TCO Group AS - Strategic Acquisition

  • Transaction Date: 6/15/2026
  • Industry: Energy Equipment & Services
  • Type: Acquisition / Merger
  • Transaction Value: $95M

Innovex International agreed to acquire TCO Group AS, a Norway-based provider of intervention-free laminated glass plug technology and tubing-conveyed perforating solutions, in a cash and stock transaction valued at approximately 5.4x TCO's 2025 Adjusted EBITDA. The deal strengthens Innovex's presence in Norway and the UAE and is expected to close early in the third quarter of 2026.

9. Savant Alaska - Strategic Acquisition

  • Transaction Date: 6/10/2026
  • Industry: Oil & Gas & Consumable Fuels
  • Type: Acquisition / Merger
  • Transaction Value: $70M

APA Corporation agreed to acquire Savant Alaska, LLC for approximately $70 million upfront plus contingent payments tied to future development, gaining the 40,000 barrel-per-day Badami facility, the 80,000 barrel-per-day Nutaaq Pipeline, and roughly 104,000 gross acres across the Badami and Grey Owl units. The deal strengthens APA's eastern North Slope infrastructure position ahead of its 2026-2027 winter drilling program and is expected to close by year-end 2026, subject to regulatory approval.

10. Terra AI - Series A

  • Transaction Date: 6/3/2026
  • Industry: Oil & Gas & Consumable Fuels
  • Type: Venture
  • Transaction Value: $20M

Flagging before drafting: this is a Series A venture funding round, not an M&A transaction — it doesn't belong in the Top 10 Transactions format (no acquirer/target structure, no transaction value in the M&A sense, just capital raised). Per our standard flags, this should likely be excluded from the sector recap or moved to a separate venture-funding note if you're tracking those.

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.

Morgan Holycross, Marketing Manager

Written By: Morgan Holycross, Marketing Manager

Morgan Holycross is a Marketing Manager at Dakota.