A&D DEAL SHEET
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|
Sector |
Date |
Buyer |
Seller |
Value |
Comments |
|
E&P |
6/24/19 |
Alliance Resource Partners LP |
Wing Resources LLC; Natural Gas Partners LP |
145 |
To buy oil and gas mineral interests in the Permian Basin from Dallas-based Wing, which holds more than 200,000 gross acres with interest in over 4,000 wells throughout the Midland and Delaware basins. (Expected to close early August) |
|
Mid |
6/24/19 |
Archrock Inc. |
Elite Compression Services LLC; JDH Capital Co. |
410 |
To acquire substantially all of Victoria, TX-based Elite Compression Services asset; includes about 430,000 hp located primarily in the Eagle Ford Shale and S TX region as well as in the Permian Basin, Scoop/Stack and Marcellus/Utica. (Expected to close 3Q 2019) |
|
Mid |
6/24/19 |
Harvest Midstream Co. |
Archrock Inc. |
30 |
To purchase about 80,000 active and idle compression hp. (Expected to close 3Q 2019) |
|
E&P |
6/26/19 |
Pieridae Energy Ltd. |
Royal Dutch Shell Plc |
CAD190 |
To buy all of Shell’s midstream and upstream assets in the southern Alberta Foothills. (Expected to close 3Q 2019) |
|
Mid |
6/27/19 |
BlackRock Inc.; KKR & Co. Inc. |
Abu Dhabi National Energy Co. (ADNOC) |
4,000 |
Purchased a 40% stake the newly formed ADNOC Oil Pipelines, which will lease ADNOC's interest in 18 pipelines transporting crude oil and condensates across ADNOC's upstream concessions for 23 years. (Completed; PSA announced February 2019) |
|
E&P |
6/27/19 |
Canadian Natural Resources Ltd. |
Devon Energy Corp. |
CAD3,800 |
Purchased Devon’s Canadian asset portfolio consisting of heavy oil assets principally located in Alberta and the Athabasca oil sands with net production averaging 113,000 boe in 1Q 2019. (Completed; PSA announced May 29) |
|
E&P |
6/27/19 |
W&T Offshore Inc. |
Exxon Mobil Corp. |
200 |
To purchase interests in and operatorship of US GoM properties and related onshore processing facilities in the Mobil Bay Area offshore AL; includes 19,800 boe/d (25% liquids) of production. (Expected to close August) |
|
Mid |
6/28/19 |
CSV Midstream Solutions Corp.; Northleaf Capital Partners |
Paramount Resources Ltd. |
CAD470 |
To acquire the Karr 6-18 natural gas facility and related midstream assets, which processes production in the Western Canadian Sedimentary Basin. (Expected to close July) |
|
Mid |
6/28/19 |
Northleaf Capital Partners |
CSV Midstream Solutions Corp. |
N/A |
Acquired 100% of Calgary, Alberta-based CSV Midstream, which is focused in the Western Canadian Sedimentary Basin, through a strategic investment partnership. |
|
E&P |
6/29/19 |
Oil Search Ltd. |
Armstrong Oil & Gas Inc.; GMT Exploration Co. LLC |
450 |
To buy the companies remaining interest in the Pikka Unit and Horseshoe Block plus other AK North Slope exploration leases as an option to a previous transaction. (Expected to close August) |
|
E&P |
6/29/19 |
Oil Search Ltd. |
Respsol SA |
N/A |
To exchange certain AK North Slope assets in the Pikka Unit and the Horseshoe Block plus E of the Horseshoe area within the Nanushuk trend; includes $64.3 MM payment to Oil Search. |
|
S&S |
7/1/19 |
First Reserve Corp. |
The Weir Group Plc |
N/A |
Purchased Weir Flow Control, a designer, manufacturer and aftermarket services provider of engineered valves and pumps used in energy and broader industrial applications; includes rebranding to Trillium Flow Technologies. (Completed; PSA announced February 2019) |
|
Mid |
7/1/19 |
Hartree Bulk Storage LLC; Oaktree Capital Management LP |
Martin Midstream Partners LP |
215 |
Bought Gulf Coast natural gas storage assets with 50 billion cubic feet of working capacity in N LA and MS. (Completed; PSA announced June 10) |
|
E&P |
7/1/19 |
RockRose Energy Plc |
Marathon Oil Corp. |
350 |
Bought Marathon Oil's UK businesses; includes interests in UK North Sea fields. (Completed; PSA announced February 2019) |
|
Mid |
7/2/19 |
NGL Energy Partners LP |
Mesquite Services LLC |
890 |
Acquired the Northern Delaware Basin-focused produced water disposal company through a combination of Permian assets in Eddy and Lea counties, NM, and Loving County, TX. (Completed; PSA announced May 2019) |
|
E&P |
7/2/19 |
Northern Oil and Gas Inc. |
Flywheel Energy LLC; Kayne Anderson Capital Advisors LP |
310.4 |
Bought Williston Basin properties consisting of nonop interest in 86.9 net producing wells expected to produce 6,600 boe/d during 2H 2019; includes roughly 18,000 net acres (100% HBP). (Completed; PSA announced April 2019) |
|
Mid |
7/2/19 |
Trimac Transportation |
Gibson Energy Inc. |
CAD100 |
Bought Gibson's Canadian Truck Transportation businesses; includes field office and shop facilities in Edmonton, Alberta. (Completed; PSA announced April 2019) |
|
Mid |
7/2/19 |
UGI Energy Services LLC; UGI Corp. |
TC Energy Corp. |
1,275 |
To purchase the Columbia Midstream Group subsidiary, which owns five gathering systems in the SW core of the Appalachian Basin comprising 240 miles of pipeline and 2,675,000 MMBtu/d of capacity. (Expected to close 3Q 2019) |
|
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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