A&D DEAL SHEET

Sector

Date Announced

Buyer

Seller

Value (US$MM)

Comments

E&P

3/29/19

BlackGold Capital Management LP

Undisclosed

N/A

Bought a portfolio of ORRI in the Utica Shale of OH.

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E&P

3/29/19

Dorchester Minerals LP

H. Huffman & Co.; The Buffalo Co.

N/A

Purchased producing and nonproducing mineral, royalty and net profits interests from multiple parties across 14 states in the US including positions in the Bakken of ND and interests in multiple EOR units in the Permian Basin.

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E&P

3/29/19

Foothills Exploration Inc.

American Shale Energy LLC

n/A

Acquired undeveloped oil and gas leases in Fremont County, WY, within the Wind River Basin; includes 16,387 acres of predominantly continuous acreage.

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E&P

3/29/19

Otto Energy Ltd.

Talos Energy Inc.

N/A

Formed JV by purchasing 16.67% WI in the Green Canyon 21 lease in the US GoM; plans to pay 22.22% of the cost of the drilling of the Bulleit appraisal well.

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E&P

4/1/19

Scout Energy Partners

Mid-Con Energy Partners LP

60

Acquired substantially all of Mid-Con Energy’s TX properties within the Permian Basin’s Eastern Shelf across Coke, Coleman, Fisher, Haskell, Jones, Nolan, Runnels, Stonewall and Taylor counties. (Completed; PSA announced Feb. 19)

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S&S

4/2/19

Akastar ASA; First Geo AS

AGR Bidco AS; Silverfleet Capital; DNB Bank ASA; Nordea Bank Abp

N/A

Formed a leading provider of well-, reservoir- and software services through the combination of AGR and Akastor subsidiary First Geo. (Completed; merger announced December 2018)

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Renew

4/2/19

Fortistar LLC; Ares Capital Corp.

EDF Renewables North America

N/A

Acquired two landfill renewable natural gas facilities, Greentree Landfill Gas and Imperial Landfill Gas, located in western PA.

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Mid

4/2/19

HitecVision AS

Solveig Gas Norway AS; Canada Pension Plan Investment Board (CPPIB); Infinity Investments SA; Allianz Capital Partners GmbH

N/A

To buy 100% of the shares in Solveig Gas Norway, which holds a 25.6% stake in the Gassled JV, a gas pipeline system offshore Norway in the Norwegian Continental Shelf.

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Mid

4/2/19

Stonepeak Infrastructure Partners Co.

Oryx Midstream Services LLC; Concho Resources Inc.; WPX Energy Inc.; Post Oak Energy Capital LP; Quantum Energy Partners

3,200

To purchase substantially all of the assets of Midland, TX-based Oryx Midstream, which owns and operates a crude oil gathering system in the Delaware Basin in the Permian.

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E&P

4/3/19

Empire Petroleum Corp.

EnergyQuest II LLC

5.6

Bought Williston Basin assets comprised of 84 oil and gas wells across about 20,700 acres in MT and ND producing about 375 boe/d net. (Closed March 28)

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E&P

4/3/19

Pin Oak Energy Partners LLC

Royal Dutch Shell Plc; SWEPI LP

N/A

Acquired roughly 43,000 acres prospective for Utica Shale development in NW PA in Mercer, Crawford and Venango counties; majority of acreage is HBP.

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S&S

4/4/19

Tally Energy Services

ReStream Solutions LLC

N/A

Purchased Austin, TX-based ReStream Solutions, which provides data-driven oilfield solutions using real-time monitoring and data-management tools that optimize well productivity and equipment longevity.

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E&P

4/8/19

Callon Petroleum Co.

Undisclosed

N/A

Acquired two incremental long-lateral DSUs (167 net acres) within the Midland Basin of the Permian in Howard County, TX, in exchange for low WI properties in Midland County, TX.

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E&P

4/8/19

The Carlyle Group LP

Compañía Española de Petróleos SAU (Cepsa); Mubadala Investment Co. PJSC

4,800

To acquire between 30% and 40% of Spanish energy company Cepsa, Europe's largest privately-owned oil and gas company. (Expected to close year-end 2019)

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Mid

4/8/19

Engie SA; Caisse de Dépôt et Placement du Québec (CDPQ)

Petróleo Brasileiro SA (Petrobras)

8,600

To buy a 90% stake in Petrobras' TAG pipeline unit, which accounts for 47% of Brazil's entire gas infrastructure.

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Renew

4/8/19

Tokyo Gas Co. Ltd.

Engie SA

N/A

Purchased a 50% stake in Engie's renewable company in Mexico that owns and operates six solar and wind power projects.

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E&P

4/8/19

Undisclosed

Callon Petroleum Co.

320

To purchase Ranger operating position within the Midland Basin of the Permian comprising 85% WI in 9,850 net Wolfcamp acres averaging about 4,000 boe/d (52% oil) of production; purchase price includes contigency payments tied to oil prices of up to $60 MM.

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Mid

4/10/19

Crestwood Equity Partners LP

The Williams Cos. Inc.

484.6

Bought Williams' operated 50% interest in Jackalope Gas Gathering Services, a Powder River Basin JV between the companies in Converse County, WY.

Source: Hart Energy