Editor’s note: This chart includes transactions from further out than a week due to the recent holidays.

A&D DEAL SHEET

Sector

Date
Announced

Buyer

Seller

Value (US$MM)

Comments

E&P

12/17/19

Kalnin Ventures LLC

Devon Energy Corp.

$770

To acquire Devon’s Barnett position, which includes over 320,000 gross acres and 4,200 producing wells in N TX that average 597 MMcfe/d of net production in 3Q 2019; proved reserves at YE 2018 were about 4 Tcfe. (Expected to close 2Q 2020)

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Mid

12/17/19

Tallgrass Energy LP

The Blackstone Group LP

N/A

To acquire remaining shares in Tallgrass not already own for $22.45 in cash per share; group led by Blackstone includes Enagas SA, GIC Private Ltd., NPS and USS. (Expected to close 2Q 2020)

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Mid

12/18/19

Glencore Plc

Ørsted AS

N/A

To purchase Ørsted’s LNG business consisting of a number of supply contracts. (Expected to close summer 2020)

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S&S

12/19/19

Apergy Corp.

Ecolab Inc.

$4,400

To buy Ecolab’s Nalco Champion business in a combination forming ChampionX, headquartered in The Woodlands, TX with operations in over 55 countries. (Expected to close 2Q 2020)

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Mid

12/19/19

Bison Oilfield Services LLC

Gulfport Energy Corp.

$100

To buy water infrastructure assets across Gulfport's Scoop position in Oklahoma; include the 15-year agreements plus $50MM contingency payment. (Expected to close January)

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E&P

12/19/19

Undisclosed

Gulfport Energy Corp.

$29

To purchase certain nonoperated interests in the Utica Shale. (Expected to close year-end 2019)

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E&P

12/19/19

Undisclosed

Gulfport Energy Corp.

$7

Bought certain ORRI associated with assets Gulfport held in the Bakken. (Closed Dec. 11)

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E&P

12/20/19

Callon Petroleum Co.

Carrizo Oil & Gas Inc.

$2,700

Acquired Houston-based Carrizo, which has Permian Basin and Eagle Ford oil-weighted positions, in an all-stock transaction with assumption of $1.96 B net debt and preferred stock; companies amended terms on Nov. 14, 2019. (Completed; PSA announced July 2019)

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E&P

12/20/19

Contango Oil & Gas Co.

Juneau Oil & Gas LLC

$6

Formed JV to develop certain offshore exploration prospects owned by Juneau in the US GoM; includes to right to acquire an interest in all of Juneau’s GoM prospects with consideration consisting of cash and stock.

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E&P

12/20/19

Undisclosed

Riviera Resources Inc.

$34

To buy Riviera's interest in the Personville Field in E TX consisting of about 750 wells with average 3Q 2019 net production of roughly 28 MMcfe/d. (Expected to close 1Q 2020)

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E&P

12/22/19

Total SA

Apache Corp.

N/A

Formed JV explore and develop Block 58 offshore Suriname; includes 50% stake plus transfer of operatorship after first three exploration wells.

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E&P

12/23/19

Navitas Petroleum US LLC

Denbury Resources Inc.

$50

To buy 50% WI in four SE TX oil fields consisting of Webster, Thompson, Manvel and East Hastings. (Expected to close early March)

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E&P

12/30/19

Castleton Resources LLC; Castleton Commodities International LLC; Tokyo Gas Co. Ltd.

Royal Dutch Shell Plc

N/A

Bought East Texas and North Louisiana Haynesville Shale assets comprised of about 55,000 net acres currently producing more than 100,000 cubic feet per day of natural gas.

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E&P

12/30/19

Exxon Mobil Corp.

Ministry of Petroleum Egypt

N/A

Purchased more than 1.7 million acres for oil and gas exploration offshore Egypt in the eastern Mediterranean; includes acreage in the North Marakia Offshore block in the Herodotus Basin and the North East El Amriya Offshore block in the Nile Delta.

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E&P

1/7/20

Cona Resources Ltd.; Waterous Energy Fund

Pengrowth Energy Corp.

C$740

Purchased Calgary, Alberta-based oil and gas producer with long-life assets in the Western Canadian Sedimentary Basin; includes assumption of debt. (Completed; PSA announced November 2019)

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E&P

1/7/20

Premier Oil Plc

BP Plc

$625

To buy interests in the Andrew area in the central UK North Sea and its nonoperating interest in the Shearwater Field. (Expected to close 3Q 2020)

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E&P

1/7/20

Premier Oil Plc

Dana Petroleum Ltd.

$246

To purchase additional interests increasing its stake in the Tulmount UK North Sea gas project to 25%; includes up to $55 MM contingent payments. (Expected to close 3Q 2020)

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E&P

1/7/20

Revolution Resources LLC; Mountain Capital Partners LP

Jones Energy Inc.

$201.5

Acquired Austin, TX-based Jones Energy, which has assets in the Anadarko Basin in OK and TX. (Completed; PSA announced December 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.