A&D DEAL SHEET

Sector

Date Announced

Buyer

Seller

Value (US$MM)

Comments

Mid

2/26/19

Hess Infrastructure Partners LP

Summit Midstream Partners LP

N/A

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) MORE

Mid

2/26/19

Hess Midstream Partners LP

Summit Midstream Partners LP

67

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) MORE

S&S

2/26/19

Quorum Software

Coastal Flow Measurement Inc.; Flow-Cal Inc.

N/A

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) MORE

E&P

2/26/19

Ring Energy Inc.

Wishbone Energy Partners LLC; Quantum Energy Partners

300

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) MORE

E&P

2/26/19

Viper Capital Partners LLC

Undisclosed

N/A

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

E&P

2/27/19

Undisclosed

Jones Energy Inc.

11

To buy several of Jones' noncore assets related to its western Anadarko Basin and other properties located in the TX Panhandle and W OK; includes 350 boe/d of production. (Multiple agreements expected to close 1Q 2019) MORE

E&P

2/28/19

Montage Resources Corp.; Eclipse Resources Corp.

Blue Ridge Mountain Resources Inc.

345

Acquired Irving, TX-based Blue Ridge Mountain through merger; creates Montage Resources with about 227,000 net effective undeveloped core acres across the Appalachia Marcellus and Utica shales plus 500-560 MMcfe/d of pro forma production. (Completed; PSA announced August 2018) MORE

Mid

2/28/19

WaterBridge Resources LLC; Five Point Energy LLC

NGL Energy Partners LP

238.8

Bought Southern Delaware Basin water infrastructure assets comprised of nine saltwater disposal facilities and about 10 miles of pipeline in southern Reeves and Ward counties, TX, with about 275,000 bbl/d of total permitted capacity. (Completed; PSA announced December 2018) MORE

Mid

2/28/19

Western Gas Partners LP

Anadarko Petroleum Corp.; Western Gas Equity Partners LP

4,015

Acquired substantially all of Anadarko's remaining midstream assets, primarily in the Delaware Basin of W TX and D-J Basin of NE CO, including all common units of WES as part of a simplification transaction. (Completed; PSA announced November 2018) MORE

E&P

3/1/19

Cimarex Energy Co.

Resolute Energy Corp.

1,600

Acquired Denver-based Resolute which controls 21,100 net acres (89% HBP) within the Delaware Basin in Reeves County, TX, with an average 79% WI (97% operated) and average production of about 34,752 boe/d during 3Q 2018. (Completed; PSA announced November 2018) MORE

E&P

3/1/19

Inpex Corp.

GulfTex Energy LLC

N/A

To acquire multiple development and production assets in the Eagle Ford Shale in S TX marking Inpex's entry into US tight oil development; includes project covering 13,000 acres primarily located in Karnes County with net production of 7,600 boe/d. MORE

Mid

3/1/19

NGL Energy Partners LP

DCP Midstream LP

N/A

Purchased DCP's wholesale propane business, generally consisting of 7 NGL terminals in the eastern US; also includes an import/export terminal in Chesapeake, VA. (Completed; PSA announced Jan. 30) MORE

E&P

3/4/19

Pin Oak Energy Partners LLC

Undisclosed

N/A

Bought certain producing Marcellus and conventional assets in Elk County, PA, within the Appalachian Basin; transaction includes 12-mile midstream gathering system and agreement to develop over 20,000 net acres, also in Elk County, prospective for both the Marcellus and Utica. MORE

Mid

3/4/19

Pin Oak Energy Partners LLC

Appalachian Midstream Partners LLC

N/A

Purchased Somerset Gas Gathering of Pennsylvania LLC (SGG), which owns and operates a 72-mile midstream pipeline in the Appalachian Basin that extends from the Lewis Run delivery point in McKean County, PA, to the TransCo Leidy Hub interconnect in Clinton County, PA. MORE

Source: Hart Energy