A&D DEAL SHEET

Sector

Date
Announced

Buyer

Seller

Value
(US$MM)

Comments

S&S

8/1/19

Aceton Group Ltd.

Proserv Group Inc.

N/A

Purchased Proserv's field technology services business unit with bases in Norway, Singapore, Aberdeen and in the USA in Houma, LA; includes 177 employees. (Completed; PSA announced July 8)

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Mid

8/1/19

UGI Energy Services LLC; UGI Corp.

TC Energy Corp.

$1,275

Purchased the Columbia Midstream Group subsidiary, which owns five gathering systems in the SW core of the Appalachian Basin comprising 240 miles of pipeline and 2,675,000 MMBtu/d of capacity. (Completed; PSA announced July)

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E&P

8/1/19

Undisclosed

Gulfport Energy Corp.

$54

Bought S LA assets with net production averaged 1,500 boe/d; Gulfport retained ORRI. (Closed July 3)

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E&P

8/2/19

Alliance Resource Partners LP

Wing Resources LLC; Natural Gas Partners LP (NGP)

$145

Bought oil and gas mineral interests in the Permian Basin from Dallas-based Wing, which holds more than 200,000 gross acres with interest in over 4,000 wells throughout the Midland and Delaware basins. (Completed; PSA announced June)

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Mid

8/5/19

Delek US Holdings LP; MPLX LP; Rattler Midstream LP

Exxon Mobil Corp.; Lotus Midstream LLC; Plains All American Pipeline LP

N/A

Acquired stakes in the Wink to Webster crude oil pipeline project serving Permian Basin producers in W TX; Delek US purchased a 15% ownership interest ranging from $340 MM to $380 MM.

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E&P

8/6/19

Amplify Energy Corp.

Midstates Petroleum Co. Inc.

$512

Acquired Midstates through a merger; combined company portfolio includes CA, E TX/N LA, S TX's Eagle Ford and OK's Mississippian Lime. (Completed; PSA announced May)

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Mid

8/6/19

Caliber Midstream Holdings LP; Triangle Petroleum Corp.; BlackRock Inc.

American Midstream Partners LP; ArcLight Capital Partners LLC

N/A

Purchased crude oil gathering and pipeline transportation system in McKenzie County, ND, serving Bakken shale producers within the Williston Basin.

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S&S

8/6/19

Drillinginfo Inc.

RigData; S&P Global Platts

N/A

Purchased RigData, a service provider supplying customers in North America with daily electronic reports on drilling permits, activity and rig locations in the US, GoM and Canada.

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S&S

8/6/19

Profire Energy Inc.

Midflow Services LLC

$6.5

Bought Millersburg, OH-based Midflow Services, which specializes in upstream and midstream oil and gas production equipment. (Closed Aug. 5)

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E&P

8/6/19

Undisclosed

Pioneer Natural Resources Co.

$38

Acquired certain vertical wells and roughly 1,900 undeveloped net acres in Martin County, TX, within the Permian's Midland Basin. (Closed June 2019)

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E&P

8/6/19

Undisclosed

Pioneer Natural Resources Co.

$27

Bought certain vertical wells and roughly 1,400 undeveloped net acres in Martin County, TX, within the Permian's Midland Basin. (Closed July 2019)

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Mid

8/7/19

Qatar Investment Authority (QIA)

Stonepeak Infrastructure Partners Co.; Oryx Midstream Services LLC

$550

Purchased a significant stake in Oryx Midstream Services, the largest privately-held midstream crude operator in the Permian Basin based in Midland, TX.

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E&P

8/8/19

Occidental Petroleum Corp.

Anadarko Petroleum Corp.

$55,000

Acquired The Woodlands, TX-based independent producer with a portfolio of international assets including 600,000 gross acres in the Permian's Delaware Basin; stock-and-cash transaction includes assumption of debt. (Completed; PSA announced May)

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Mid

8/8/19

Undisclosed

NGL Energy Partners LP

$300

To buy TransMontaigne Product Services and associated SE refined products assets; comprises exclusive rights to 18 terminals including two in GA plus line space along Colonial and Plantation pipelines. (Expected to close during second fiscal quarter)

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Mid

8/12/19

Undisclosed

Martin Midstream Partners LP

$17.5

To purchase an E TX pipeline consisting of 200-mile NGL pipe from Kilgore, TX, to Beaumont, TX.

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Source: HartEnergy.com

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.