The Real Energy Transition

Energy M&A has been shrinking of late — a hard notion to swallow when Exxon Mobil and Pioneer Resources just dropped a $60 billion deal at our doorstep.

Make no mistake, energy still reigns over Texas M&A, and has since 1901 when Capt. Anthony Lucas and Pattillo Higgins recruited a group of investors to help complete the Guffey Petroleum well at Spindletop. Whether by volume or value, Texas energy deals have consistently, but sometimes quietly, dominated the M&A landscape.