Deal flow in 2025 was shaped by a mix of headline acquisitions and smaller, often undisclosed transactions. Commodity volatility and capital discipline created challenges, but deal activity remained strong.
In this comprehensive report, energy analyst Tim Pawul reveals the key transactions, themes, and structural shifts that defined 2025, month by month, and what they may signal for 2026, including:
See how public transactions, non-public deals, and strategic portfolio moves shaped the market, and what those signals could mean going forward.