A&D DEAL SHEET

Sector

Date Announced

Buyer

Seller

Value (US$MM)

Location of Assets

Comments

E&P

2/11/19

Coro Energy Plc

West Natuna Exploration Ltd.

15.3

Indonesia

Bought a 15% interest in the Duyung Production Sharing Contract in the West Natuna Basin, offshore Indonesia, which contains the Mako gas field.

S&S

2/13/19

Danos Inc.

Shamrock Energy Solutions LLC

N/A

LA

To acquire the privately-held oilfield service company Shamrock Energy Solutions based in Houma, LA, retaining its team of over 1,000 employees.

E&P

2/13/19

Encana Corp.

Newfield Exploration Co.

7,700

USA

Acquired The Woodlands, TX-based Newfield in an all-stock transaction and the assumption of $2.2 B net debt; includes positions in the Anadarko Basin (Stack/Scoop), Arkoma Basin, Uinta Basin and Williston Basin. (Completed; PSA announced November 2018)

Mid

2/13/19

NextEra Energy Partners LP

Howard Energy Partners

N/A

TX

Formed JV to develop additional natural gas transportation opportunities in the Eagle Ford shale region of S TX in an AMI including Webb, Duval, Zapata, Dimmit, La Salle, McMullen, Live Oak and Jim Wells counties.

E&P

2/14/19

Undisclosed

Harvest Oil & Gas Corp.

42.8

CO; NM

To buy all of Harvest's interests in the San Juan Basin in NM and CO with average production of 23,7 MMcfe/d and 163.2 Bcfe (65% natgas, 30% NGL, 5% oil) estimated proved reserves. (Expected to close April)

E&P

2/14/19

Undisclosed

Harvest Oil & Gas Corp.; Magnolia Oil & Gas Corp.

51.7

TX

Purchased all of the stock Harvest holds in Eagle Ford producer and Houston-based Magnolia Oil & Gas comprised of roughly 4.2 million shares.

Renew

2/15/19

Equinor ASA

Korea National Oil Corp. (KNOC)

N/A

South Korea

Formed JV to jointly explore the opportunities to develop commercial floating offshore wind in South Korea.

Renew

2/15/19

Royal Dutch Shell Plc

sonnen GmbH

N/A

Germany

To purchase German residential solar battery maker Sonnen from existing investors, including GE Ventures and European private equity investors.

E&P

2/19/19

Australia Pacific LNG Pty Ltd.

Origin Energy Ltd.

164.43

Australia

To buy the Ironbark coal seam gas project onshore Australia in Queensland's Surat Basin.

E&P

2/19/19

Mid-Con Energy Partners LP

Scout Energy Partners; Scout Energy Partners IV-A LP

27.5

OK

To buy producing OK properties in Caddo, Grady and Osage counties including 10 mature waterflood units with net PDP reserves of 6.2 million boe (96% oil) and a PDP decline rate of less than 5%. (Expected to close March 28)

E&P

2/19/19

Scout Energy Partners; Scout Energy Group IV LP

Mid-Con Energy Partners LP

60

TX

To acquire 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. (Expected to close March 28)

S&S

2/19/19

Rockwell Automation Inc.

Schlumberger Ltd.

N/A

TX

To form a fully integrated digital oilfield automation solutions provider named Sensia in a new Houston-based JV; Rockwell will own 53% in Sensia and will make a $250 MM payment while Schlumberger will hold 45% of the JV. (Expected to close Summer 2019)

Mid

2/19/19

The Blackstone Group LP; GSO Capital Partners LP

Targa Resources Corp.

1,600

ND

To purchase a 45% stake in Targa Badlands, which operates oil and gas gathering and processing assets located in the Bakken and Three Forks shale plays within the Williston Basin of ND. (Expected to close 2Q 2019)

Source: Hart Energy