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A&D DEAL SHEET
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Sector |
Date |
Buyer |
Seller |
Value |
Comments |
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) |
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) |
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. |
E&P |
8/12/19 |
Vermilion Cliffs Partners LLC |
Undisclosed |
N/A |
Purchased a 30-well package within the Permian Basin located across NM and TX. |
S&S |
8/14/19 |
TGS-NOPEC Geophysical Co. |
Spectrum ASA |
422 |
Acquired Norwegian multiclient seismic data provider with offices in Norway, the UK, US, Brazil, Egypt, Australia, Indonesia and Singapore. (Completed; PSA announced May) |
Mid |
8/15/19 |
Tidewater Midstream and Infrastructure Ltd. |
Pipestone Energy Corp. |
CA$30 |
Purchased 100% WI in Pipestone East Batter, a strategic 30 MMcf/d raw gas compression, 5,400 bbl/d condensate handling and associated water disposal battery within the Montney in Alberta, Canada. (Completed; PSA announced July) |
S&S |
8/16/19 |
Hunting Plc |
RTI Energy Systems Inc.; Arconic Inc. |
12.5 |
Purchased RTIES, a Houston-based manufacturer of production riser technologies for deepwater applications within the offshore oil and gas industry historically focused on the US GoM. |
S&S |
8/19/19 |
Hurricane Services Inc. |
Quintana Energy Services Inc. |
4.4 |
Acquired legacy conventional pressure pumping operations in KS and OK including 12,000 app across five facilities in the Midcontinent region plus 26 personnel. |
Down |
8/19/19 |
Motiva Enterprises LLC; Saudi Aramco |
Flint Hills Resources LLC |
N/A |
To buy the Flint Hills Resources chemical plant adjacent to its Port Arthur, TX, oil refinery. (Expected to close late 2019) |
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.
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