A&D DEAL SHEET |
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|
Sector |
Date |
Buyer |
Seller |
Value |
Comments |
|
Mid |
11/18/19 |
NextEra Energy Partners LP |
Cabot Oil & Gas Corp.; Ares Management Corp.; WGL Holdings Inc. |
$1,370 |
Purchased Meade Pipeline, which owns a 39.2% stake in the Central Penn intrastate natgas pipeline that serving the Marcellus region. (Completed; PSA announced September 2019) |
|
S&S |
11/19/19 |
WolfePak Software; Charlesbank Capital Partners LLC |
DocVue |
N/A |
Purchased Morrison, CO-based DocVue, a provider of imaging, document management and workflow software for the oil and gas industry. |
|
S&S |
11/20/19 |
Petrofac Ltd. |
W&W Energy Services |
$22 |
To purchase Odessa, TX-based W&W, which provides production and infrastructure services to Permian Basin oil producers; includes earn-out payments over the three-year period. |
|
E&P |
11/26/19 |
Ecopetrol SA |
Chevron Corp. |
N/A |
To buy Chevron’s participation in two gas production fields in the Caribbean. |
|
E&P |
11/27/19 |
HighPeak Energy Inc.; Pure Acquisition Corp. |
Grenadier Energy Partners LLC; EnCap Investment LP; Kayne Anderson Capital Advisors LP |
N/A |
To acquire The Woodlands, TX-based Grenadier Energy through a business combination to form a pure-play Permian E&P with a 73,000 net acre position in the northern Midland Basin. (Expected to close 1Q 2020) |
|
Mid |
12/5/19 |
Energy Transfer LP |
SemGroup Corp. |
$5,100 |
Acquired Tulsa, OK-based SemGroup in a cash and stock deal including the assumption of $5 B of debt; SemGroup’s key areas of operation include western Canada, the Midcontinent and the Gulf Coast. (Completed; PSA announced September 2019) |
|
E&P |
12/6/19 |
Revolution Resources LLC; Mountain Capital Partners LP |
Jones Energy Inc. |
$201.5 |
To acquire Austin, TX-based Jones Energy, which has assets in the Anadarko Basin in OK and TX. (Expected to close 1Q 2020) |
|
Mid |
12/9/19 |
Alerian |
S-Network Global Indexes Inc. |
N/A |
To acquire New York-based leader publisher and developer of over 300 proprietary and custom indexes to enhance Alerian’s global indexing, analytics and data capabilities. (Expected to close January 2020) |
|
E&P |
12/9/19 |
Laredo Petroleum Inc. |
Undisclosed |
$65 |
Bought 4,475 contiguous net acres (80% HBP) in Glasscock County, TX, in the Permian Basin with current net production of 1,400 boe/d (55% oil) and about 45 total gross (35 net) locations across the Lower Spraberry, Upper Wolfcamp and Middle Wolfcamp formations. |
|
Mid |
12/10/19 |
Basalt Infrastructure Partners LLC |
Third Coast Midstream LLC |
N/A |
Acquired Third Coast Midstream’s natural gas transmission business includes seven regulated natural gas lateral pipelines across LA, AL, MS, TN and AR. (Completed; PSA announced October 2019) |
|
E&P |
12/10/19 |
DowDuPont Inc. |
Devon Energy Corp. |
$100 |
Forming drilling JV spanning 133 undrilled locations in the liquids-rich portion of Devon’s Stack position in central Oklahoma; includes half of Devon’s WI in the locations in exchange for a drilling carry over the next four years. |
|
Mid |
12/10/19 |
Gravity Oilfield Services Inc.; Clearlake Capital Group LP |
On Point Oilfield Holdings LLC |
N/A |
Purchased Austin, TX-based On Point, creating the largest commercial produced water disposal company by injection volumes in the Midland Basin. |
|
Mid |
12/10/19 |
Ironwood Midstream Energy Partners LLC; EnCap Flatrock Midstream LLC |
Twin Eagle Resource Management LLC |
N/A |
Purchased Twin Eagle’s Gardendale and Asherton gathering systems, spanning Dimmit and La Salle counties, TX, within the Eagle Ford Shale. (Completed; PSA announced November 2019) |
|
E&P |
12/10/19 |
Talos Energy Inc. |
Castex Energy LLC; ILX Holdings LLC; Venari Resources LLC |
$640 |
To acquire a broad portfolio of US GoM producing assets, exploration prospects and acreage including over 40 identified exploration prospects located on a total acreage footprint of roughly 700,000 gross acres; 3Q 2019 production was bout 19,000 boe/d (65% oil and over 70% liquids). (Agreement with Venari closed; remainder expected to close 1Q 2019) |
|
E&P |
12/10/19 |
Vår Energi AS; Eni SpA; HitecVision AS |
Exxon Mobil Corp. |
$4,500 |
Bought Exxon Mobil's Norway upstream operations comprised of nonoperated assets in more than 20 producing fields with a combined production of about 150,000 boe/d in 2019. (Completed; PSA announced September 2019) |
|
Source: HartEnergy.com |
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