A&D Transactions From The Week Of March 27, 2019

A&D DEAL SHEET
Sector	Date Announced	Buyer	Seller	Value (US$MM)	Comments
E&P	3/13/19	Talos Energy Inc.	Exxon Mobil Corp.	N/A	Acquired 100% interest in the Antrim Project in Green Canyon Block 364 in the US GoM. (Completed Jan. 23) MORE
S&S	3/13/19	BP Plc	Environmental Defense Fund	N/A	Formed JV aimed at developing further technologies to detect and prevent methane leaks from its oil and gas operations. MORE
E&P	3/14/19	Alpha Energy Inc.	Premier Gas Co. LLC	N/A	Purchased OK oil and gas assets in Rogers County that consist of about 3,429 acres of proven developed and non-developed leases containing 126 wells, saltwater injection wells and well production equipment. MORE
Mid	3/18/19	ArcLight Energy Partners LLC; ArcLight Energy Partners V LP	American Midstream Partners LP	N/A	To purchase, for cash, in a merger transaction, all outstanding common units of Houston-based AMID not already held by affiliates of ArcLight for $5.25 per unit. (Expected to close 2Q 2019) MORE
Mid	3/18/19	Canada Pension Plan Investment Board (CPPIB)	The Williams Cos. Inc.	1,340	Formed JV to consolidate Williams midstream operations in the western Marcellus and Utica basins; includes CCPIB purchase of a 35% ownership stake in the combined Ohio Valley Midstream and Utica East Midstream systems. (Expected to close 2Q or 3Q 2019) MORE
E&P	3/18/19	Contango Oil & Gas Co.	Undisclosed	N/A	Purchased an additional 4,200 gross (1,700 net) operated acres and 4,000 gross (200 net) nonoperated acres in Pecos County, TX, adjacent to its current Southern Delaware Basin position in the Permian. MORE
Mid	3/18/19	The Williams Cos. Inc.	Momentum Midstream LLC	740	Bought Momentum's 38% stake in the Utica East Ohio Midstream system and assumed operatorship. MORE
S&S	3/18/19	Undisclosed	Precision Drilling Corp.	N/A	Acquired the Calgary, Alberta-based company's water treatment business branded Terra Water Systems for an undisclosed cash consideration. MORE
S&S	3/19/19	4Subsea	Astori AS	N/A	Bought Astori, a Norwegian provider of subsea control systems for well intervention operations. MORE
S&S	3/19/19	Quorum Software	Coastal Flow Measurement Inc.; Flow-Cal Inc.	N/A	Acquired Houston-based Coastal Flow Measurement and its a family of energy measurement services and software companies including Flow-Cal. (Completed; PSA announced Feb. 26) MORE
E&P	3/20/19	DEA Deutsche Erdoel AG	Sierra Oil & Gas; Rivestone Holdings LLC; BlackRock Inc.; EnCap Investments LP	~500	Bought independent Mexican company Sierra Oil and Gas adding interests in one onshore production block and 10 exploration blocks, including the Zama shallow water discovery. (Completed; PSA announced December 2018) MORE
S&S	3/20/19	Drillinginfo Inc.	Midland Map Co.	N/A	Bought the Midland, TX-based mapmaker which has an extensive library of Permian Basin maps. MORE
S&S	3/20/19	KLX Energy Services Holdings Inc.	Red Bone Services; Tecton Energy Services	82	Purchased oilfield service companies Red Bone, based in Elk City, OK, and Tecton, based in Englewood, CO, in cash and stock transactions including $14.5 MM debt. MORE
Mid	3/20/19	Nuevo Midstream Dos LLC; EnCap Flatrock Midstream LLC	Republic Midstream LLC; ArcLight Capital Partners LLC	N/A	To purchase ArcLight-backed Republic Midstream, which owns and operates a crude oil gathering, storage and intermediate transportation in the Eagle Ford Shale in S TX. (Expected to close 2Q 2019) MORE
E&P	3/21/19	Medco Energi Internasional Tbk	Ophir Energy Plc	539	To acquire London-based Ophir Energy with assets in Africa, Asia and Mexico in a sweetened takeover bid. (Cash bid increased from previous $511 MM cash offer agreed to on Jan. 30) MORE
E&P	3/21/19	PTT Exploration and Production Public Co. Ltd. (PTTEP)	Murphy Oil Corp.; Murphy Sabah Co. Ltd; Murphy Sarawak Oil Co. Ltd.	2,227	To 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. (Expected to close 2Q 2019) MORE
S&S	3/25/19	ADES International Holding Ltd.	Weatherford International Plc	288	Bought land drilling rig operations in Algeria, Kuwait, and Saudi Arabia and two rigs in Iraq; includes 31 land drilling rigs, related contracts and 2,300 employees and contract personnel. (Completed; PSA announced July 2018) MORE
Mid	3/25/19	Enbridge Inc.	Kinder Morgan Inc.	N/A	To buy out Kinder Morgan's stake Texas COLT, a proposed U.S. Gulf Coast deepwater crude export venture between Enbridge, Kinder Morgan and Oiltanking Partners. MORE
E&P	3/25/19	Kimbell Royalty Partners LP	EnCap Investments LP; Phillips Energy Partners LLC	171.6	Bought buy certain oil and gas royalty assets in a 100% equity transaction; includes 12,200 net royalty acres and 1,600 boe/d of production with more than half of production from the Eagle Ford Shale, Permian Basin, Haynesville Shale and Powder River Basin. (Completed; PSA announced Feb. 7) MORE
S&S	3/26/19	C-Automation Inc.	Proserv	N/A	Acquired Proserv’s worldwide drilling services business formerly known as TIC, which is expected to more than double the company’s staff and broaden its customer base. MORE
E&P	3/26/19	Noble Energy Inc.	Royal Dutch Shell Plc	N/A	Purchased 40% of Shell's participation interest in offshore oil exploration contracts offshore Colombia in the Caribbean COL-3 and GUA OFF-3 blocks. MORE
Source: Hart Energy