A&D DEAL SHEET
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|
Sector |
Date Announced |
Buyer |
Seller |
Value (US$MM) |
Comments |
|
Mid |
3/21/19 |
Gravity Oilfield Services Inc.; Clearlake Capital Group LP |
MBI Oil & Gas LLC |
N/A |
Purchased certain water disposal infrastructure in the Bakken. |
|
E&P |
3/21/19 |
Medco Energi Internasional Tbk |
Ophir Energy Plc |
539 |
To acquire London-based Ophir Energy with assets in Africa, Asia and Mexico in a sweetened takeover bid. (Cash bid increased from previous $511 MM cash offer agreed to on Jan. 30) |
|
E&P |
3/21/19 |
PTT Exploration and Production Public Co. Ltd. (PTTEP) |
Murphy Oil Corp.; Murphy Sabah Co. Ltd; Murphy Sarawak Oil Co. Ltd. |
2,227 |
To Murphy’s Malaysian subsidiaries in an all-cash transaction that includes a bonus payment for up to $100 MM contingent on future exploratory drilling results marking a country exit for Murphy. (Expected to close 2Q 2019) |
|
S&S |
3/25/19 |
ADES International Holding Ltd. |
Weatherford International Plc |
288 |
Bought land drilling rig operations in Algeria, Kuwait, and Saudi Arabia and two rigs in Iraq; includes 31 land drilling rigs, related contracts and 2,300 employees and contract personnel. (Completed; PSA announced July 2018) |
|
Mid |
3/25/19 |
Enbridge Inc. |
Kinder Morgan Inc. |
N/A |
To buy out Kinder Morgan's stake Texas COLT, a proposed U.S. Gulf Coast deepwater crude export venture between Enbridge, Kinder Morgan and Oiltanking Partners. |
|
E&P |
3/25/19 |
Kimbell Royalty Partners LP |
EnCap Investments LP; Phillips Energy Partners LLC |
171.6 |
Bought buy certain oil and gas royalty assets in a 100% equity transaction; includes 12,200 net royalty acres and 1,600 boe/d of production with more than half of production from the Eagle Ford Shale, Permian Basin, Haynesville Shale and Powder River Basin. (Completed; PSA announced Feb. 7) |
|
S&S |
3/26/19 |
C-Automation Inc. |
Proserv |
N/A |
Acquired Proserv’s worldwide drilling services business formerly known as TIC, which is expected to more than double the company’s staff and broaden its customer base. |
|
E&P |
3/26/19 |
Noble Energy Inc. |
Royal Dutch Shell Plc |
N/A |
Purchased 40% of Shell's participation interest in offshore oil exploration contracts offshore Colombia in the Caribbean COL-3 and GUA OFF-3 blocks. |
|
E&P |
3/27/19 |
Diversified Gas & Oil Plc |
HG Energy LLC; HG Energy II Appalachia LLC |
400 |
To acquire certain Appalachia assets including 107 unconventional, producing gas wells with combined net production of over 20,000 boe/d across PA and WV. (Signed conditional PSA) |
|
Down |
3/27/19 |
Saudi Aramco |
Saudi Basic Industries Corp. (SABIC) |
69,100 |
To buy a majority 70% stake in petrochemicals group SABIC. |
|
E&P |
3/27/19 |
Undisclosed |
Rosehill Resources Inc. |
22 |
To buy Permian Basin assets in Lea County, NM. (Expected to close April) |
|
E&P |
3/28/19 |
Peregrine Energy Partners |
Undisclosed |
N/A |
To purchase producing and non-producing oil and gas royalties in Santa Rosa County, FL, operated by Breitburn Energy. |
|
E&P |
3/29/19 |
BlackGold Capital Management LP |
Undisclosed |
N/A |
Bought a portfolio of ORRI in the Utica Shale of OH. |
|
E&P |
3/29/19 |
Dorchester Minerals LP |
Undisclosed |
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. |
|
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. |
|
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. |
|
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) |
|
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) |
|
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. |
|
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. |
|
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. |
|
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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