One of the largest M&A transactions announced in the last week was a $2.1 billion deal in which Civitas Resources agreed to acquire oil-producing assets from Vencer Energy. Civitas turned to Kirkland & Ellis, while Vencer was guided by Latham & Watkins.

Energy and oil deals like this one have been constant through 2023. In fact, the energy and power sectors have usurped technology as the primary driver of M&A activity thus far in 2023. And it doesn’t appear it will let up.