A&D DEAL SHEET
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Sector |
Date Announced |
Buyer |
Seller |
Value (US$MM) |
Comments |
|
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) |
|
E&P |
4/17/19 |
Pin Oak Energy Partners LLC |
Protégé Energy III LLC; EnCap Investments LP |
N/A |
Bought nearly 10,000 net acres in Appalachia's Utica Shale across Washington and Noble counties, OH, and Wood County, WV, plus the producing Caywood A 1H Utica well, the Big Red pad location, 60 sq miles of proprietary 3-D seismic and a four-mile gathering line. |
|
E&P |
4/18/19 |
Chrysaor Holdings Ltd. |
ConocoPhillips Co. |
2,675 |
To purchase two ConocoPhillips UK subsidiaries holding the company’s E&P assets the UK North Sea plus East Irish Sea assets and interest in the Clair Field area located in the West of Shetlands. (Expected to close 2H 2019) |
|
E&P |
4/22/19 |
Northern Oil and Gas Inc. |
Flywheel Energy LLC; Kayne Anderson Capital Advisors LP |
310.5 |
To buy Williston Basin properties consisting of nonop interest in 86.9 net producing wells expected to produce 6,600 boe/d during 2H 2019; includes roughly 18,000 net acres (100% HBP). (Expected to close July 1) |
|
E&P |
4/23/19 |
Murphy Oil Corp. |
LLOG Exploration Co. LLC |
1,625 |
To acquire deepwater US GoM assets comprising 26 GoM blocks in the Mississippi Canyon and Green Canyon areas with 38,000 boe/d of current net production; includes up to $250 MM of contingency payments. (Expected to close 2Q 2019) |
|
Mid |
4/23/19 |
Partners Group Holding AG |
CapeOmega AS; HitecVision AS |
1,350 |
To buy 100% equity in CapeOmega, a leading offshore infrastructure platform in the Norwegian Continental Shelf. |
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Source: Hart Energy |
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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.
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