A&D DEAL SHEET

Sector

Date
Announced

Buyer

Seller

Value
(US$MM)

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)

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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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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.

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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)

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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)

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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.

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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.

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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)

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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.