A&D DEAL SHEET

Sector

Date Announced

Buyer

Seller

Value (US$MM)

Location of Assets

Comments

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)

E&P

2/19/19

Undisclosed

Noble Energy Inc.

132

TX

Bought roughly 13,000 net acres of certain proved and unproved acreage in Reeves County, TX, within the Permian Basin noncore to Noble. (Closed 1Q 2019; Tall City III rumored buyer per Parkman Whaling)

E&P

2/21/19

Undisclosed

Extraction Oil & Gas Inc.

22

CO

To buy about 5,000 net acres in Weld County, CO, within the D-J Basin. (PSA signed January; expected to close March 8)

S&S

2/22/19

Exxon Mobil Corp.; XTO Energy Inc.

Microsoft Corp.

N/A

NM; TX

Formed JV partnership to use Microsoft’s cloud technology on its Permian Basin operations.

E&P

2/25/19

Alpha Energy Inc.

Visionary Resources LLC

N/A

TX

To acquire oil and gas assets in the TX Panhandle in the Battlewagon Project, which is a conventional exploration project in the Granite Wash.

E&P

2/25/19

RockRose Energy Plc

Marathon Oil Corp.

350

UK

To buy Marathon Oil's UK businesses; includes interests in UK North Sea fields. (Expected to close 2H 2019)

Mid

2/25/19

San Mateo Midstream LLC; Five Point Energy LLC

Matador Resources Co.

N/A

NM; TX

Formed a new midstream JV, San Mateo II, to expand current gathering, processing and saltwater disposal capacity for Matador’s Northern Delaware Basin operations; 51% owned by Matador plus operational control.

Mid

2/25/19

SemCAMS Midstream ULC

Meritage Midstream ULC

N/A

Canada

Acquired Meritage Midstream operating portfolio in Canada's Montney play including 195 MMcf/d of natgas processing capacity and over 100 miles of gathering pipelines. (Completed; PSA announced Jan. 10)

Mid

2/26/19

Hess Infrastructure Partners LP

Summit Midstream Partners LP

N/A

ND

To buy the water gathering assets of the Tioga Gathering System located in the Bakken within the Williston Basin in Williams County in western ND; includes additional $7 MM of possible future contingent payments. (Expected to close 1Q 2019)

Mid

2/26/19

Hess Midstream Partners LP

Summit Midstream Partners LP

67

ND

To purchase the crude oil and gas gathering assets of the Tioga Gathering System located in the Bakken within the Williston Basin in Williams County in western ND; includes additional $7 MM of possible future contingent payments. (Expected to close 1Q 2019)

S&S

2/26/19

Quorum Software

Coastal Flow Measurement Inc.; Flow-Cal Inc.

N/A

TX

To acquire Houston-based Coastal Flow Measurement and its a family of energy measurement services and software companies including Flow-Cal. (Expected to close March)

E&P

2/26/19

Ring Energy Inc.

Wishbone Energy Partners LLC; Quantum Energy Partners

300

NM; TX

To purchase Wishbone’s North Central Basin Platform assets in the Permian comprising 49,754 gross (37,206 net) acres of mostly contiguous leasehold located primarily in SW Yoakum County, TX, and E Lea County, NM, with an average net production of 6,000 boe/d. (Expected to close 2Q 2019)

E&P

2/26/19

Viper Capital Partners LLC

Undisclosed

N/A

WV

Purchased drilling rights to 1,923 acres in the Hendershot Ogden Berea Sand Oil Field in Wood County, WV, within the Appalachian Basin.