Also, the buyer in last week’s deal for Encana’s Arkoma Basin assets is revealed. (Source: Hart Energy/Shutterstock.com)
A&D DEAL SHEET
|
|||||
|
Sector |
Date |
Buyer |
Seller |
Value |
Comments |
|
E&P |
7/7/19 |
Equinor ASA |
Lundin Petroleum AB |
910 |
To buy an additional 2.6% direct ownership share in the Johan Sverdrup oil field, located in the North Sea offshore Norway, in exchange for the divestment of a 16% shareholding in Lundin. (Expected to close 4Q 2019) |
|
S&S |
7/8/19 |
Acteon Group Ltd. |
Proserv Group Inc. |
N/A |
To purchase Proserv's field technology services business unit with bases in Norway, Singapore, Aberdeen and in the USA in Houma, LA; includes 177 employees. (Expected to close July) |
|
S&S |
7/8/19 |
Emerson Electric Co. |
Zedi Inc. |
N/A |
Purchased Zedi’s software and automation businesses based in Calgary, Alberta, with about 155 employees in North America. |
|
S&S |
7/8/19 |
Mustang Extreme Environmental Services; Blue Wolf Capital Partners LLC |
Aria Rose Oilfield Solutions |
N/A |
Bought the Midland, TX-based provider of water treatment services including in situ and “on-the-fly” water treatment services for in-ground and above-ground water storage and treatment facilities. |
|
E&P |
7/8/19 |
NextEra Energy Inc. |
Encana Corp. |
165 |
To buy Arkoma Basin assets covering 140,000 net acres of leasehold in OK and 77 MMcfe/d (98% natgas) of current production. (Buyer per BMO Capital Markets; Expected to close 3Q 2019) |
|
Renew |
7/10/19 |
A.P. Møller Holding AS |
KK Group AS; Solix Group AB |
N/A |
To acquire Danish wind turbine supplier KK Group, whose main activities are through KK Wind Solutions backed by PE firm Solix Group. |
|
E&P |
7/10/19 |
Petrogas NEO UK Ltd.; Petrogas E&P LLC; HitecVision AS |
Total SA |
635 |
To purchase several UK North Sea assets; includes operated fields and minority stakes in CNOOC-operated fields. (Expected to close December) |
|
E&P |
7/10/19 |
PTT Exploration and Production Public Co. Ltd. (PTTEP) |
Murphy Oil Corp. |
2,227 |
Bought Murphy’s Malaysian subsidiaries in an all-cash transaction that includes a bonus payment for up to $100 MM contingent on future exploratory drilling results marking a country exit for Murphy. (Completed; PSA announced March 2019) |
|
E&P |
7/15/19 |
BCE-Mach II LLC; Mach Resources LLC; Bayou City Energy Management LLC |
Undisclosed |
N/A |
To buy producing properties within the Western Anadarko Basin spanning Beckham, Custer, Dewey, Roger Mills and Washita counties, OK, and Hemphill and Roberts counties, TX. (Expected to close September) |
|
E&P |
7/15/19 |
BCE-Mach II LLC; Mach Resources LLC; Bayou City Energy Management LLC |
Undisclosed |
N/A |
To buy producing properties within the Western Anadarko Basin across 32 OK counties and 7 TX counties. (Expected to close September) |
|
E&P |
7/15/19 |
Callon Petroleum Co. |
Carrizo Oil & Gas Inc. |
3,200 |
To acquire Houston-based Carrizo in an all-stock transaction including assumption of $1.96 B net debt and preferred stock; includes Permian Basin and Eagle Ford oil-weighted positions. (Expected to close 4Q 2019) |
|
S&S |
7/15/19 |
Drilling Tools International Inc.; Hicks Equity Partners LLC |
WellFence LLC |
N/A |
Acquired Houston-based WellFence, which provides patented data automation systems and credentialled wellsite access services for oil and gas drilling, completion and production locations. |
|
E&P |
7/16/19 |
Comstock Resources Inc. |
Covey Park Energy LLC; Denham Capital Management LP |
2,200 |
Acquired the Dallas-based privately held independent backed by Denham Capital with properties in the Haynesville and Bossier shale plays of N LA and E TX; includes assumption of debt and retirement of preferred units. (Completed; PSA announced June 10) |
|
Source: HartEnergy.com |
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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.
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