A&D DEAL SHEET
|
|||||
Sector |
Date Announced |
Buyer |
Seller |
Value (US$MM) |
Comments |
S&S |
4/1/19 |
Centurion Group Ltd. |
Tango Delta Rentals Ltd. |
N/A |
Acquired Canadian communications and specialty equipment rentals business Tango Delta Rentals, which operates in the Western Canadian Sedimentary Basin. |
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. |
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) |
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. |
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. |
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. |
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. |
Mid |
4/10/19 |
Equitrans Midstream Corp.; EQM Midstream Partners LP |
Eureka Midstream Holdings LLC; Hornet Midstream Holdings LLC |
1,030 |
Purchased 60% of Eureka Midstream and 100% of Hornet Midstream, Appalachia gas gathering systems averaging about 1.6 Bcf/d of gathered volume from 200,000 dedicated acres in the core Marcellus and Utica across OH and WV. (Completed; PSA announced March 14) |
S&S |
4/11/19 |
Acteon Group Ltd. |
Benthic |
N/A |
To acquire offshore marine geotechnical and geophysical survey company Benthic based in Houston. (Expected to close May) |
E&P |
4/11/19 |
Delek Group Ltd. |
Royal Dutch Shell Plc; Shell Offshore Inc. |
965 |
To purchase Shell's 22.45% interest in the Caesar-Tonga, a deepwater oil field offshore LA in the US GoM currently producing 71,000 gross boe/d (90% oil). (Expected to close 3Q 2019) |
S&S |
4/11/19 |
EnscoRowan Plc; Ensco Plc |
Rowan Cos. Inc. |
2,400 |
Acquired the London-based offshore driller in an all-stock transaction. |
E&P |
4/11/19 |
Maverick Natural Resources LLC |
Undisclosed |
N/A |
Purchased remaining 50% nonoperated WI producing properties in the Overton Field in E TX including about 7,600 net acres and 2,700 net boe/d (28% liquids); Maverick currently operates the field. |
E&P |
4/11/19 |
Ring Energy Inc. |
Wishbone Energy Partners LLC; Quantum Energy Partners |
300 |
Purchased Wishbone’s North Central Basin Platform assets in the Permian comprising 49,754 gross (37,206 net) acres of mostly contiguous leasehold located primarily in SW Yoakum County, TX, and E Lea County, NM, with an average net production of 6,000 boe/d. (Completed; PSA announced Feb. 26) |
E&P |
4/12/19 |
Chevron Corp. |
Anadarko Petroleum Corp. |
48,000 |
To acquire The Woodlands, TX-based independent E&P with assets across the globe including the Permian Basin, D-J Basin, deepwater US GoM, offshore Africa and Mozambique LNG; includes 200 MM shares, $8 B cash plus assumption of $15 B net debt. |
Mid |
4/15/19 |
Concho Resources Corp. |
Frontier Midstream Solutions IV LLC; Frontier Energy Services LLC |
N/A |
Formed 50/50 JV to build Beta Crude Connector LLC, a new gathering and transportation system in the Midland Basin with initial capacity of 150,000 bbl/d of crude oil; Frontier will serve as operator. |
E&P |
4/15/19 |
Entek Energy Ltd. |
Emerald House LLC; Elixir Petroleum Ltd. |
3 |
Bought Emerald, which has a position in AK's North Slope covering 35,423 acres. (Completed; PSA announced Feb. 1) |
E&P |
4/15/19 |
Government of Timor-Leste |
ConocoPhillips Co. |
350 |
Bought ConocoPhillips' 30% stake in the Greater Sunrise Fields off the southern coast of East Timor. (Completed; PSA announced October 2018) |
Source: Hart Energy |
For more up-to-date information on the latest deals visit Hart Energy’s online database of transactions.
Emily Patsy can be reached at epatsy@hartenergy.com.
Recommended Reading
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.