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A&D DEAL SHEET
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|
Sector |
Date Announced |
Buyer |
Seller |
Value (US$MM) |
Comments |
|
E&P |
4/22/19 |
Northern Oil and Gas Inc. |
Flywheel Energy LLC; Kayne Anderson Capital Advisors LP |
310.5 |
To buy 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). (Expected to close July 1) |
|
E&P |
4/23/19 |
Murphy Oil Corp. |
LLOG Exploration Co. LLC |
1,625 |
To acquire deepwater US GoM assets comprising 26 GoM blocks in the Mississippi Canyon and Green Canyon areas with 38,000 boe/d of current net production; includes up to $250 MM of contingency payments. (Expected to close 2Q 2019) |
|
Mid |
4/23/19 |
Partners Group Holding AG |
CapeOmega AS; HitecVision AS |
1,350 |
To buy 100% equity in CapeOmega, a leading offshore infrastructure platform in the Norwegian Continental Shelf. |
|
S&S |
4/24/19 |
Ashtead Technology Ltd. |
Aqua-Tech Solutions LLC |
N/A |
Acquired LA-based subsea equipment rental and cutting services specialist Aqua-Tech Solutions expanding equipment and services in the US GoM. |
|
E&P |
4/24/19 |
Exxon Mobil Corp. |
National Petroleum Corp. of Namibia (NAMCOR) |
N/A |
Purchased exploration acreage offshore Namibia, including acquisition of seismic data and analysis; includes 90% operated interest in blocks 1710 and 1810. |
|
Mid |
4/24/19 |
XRI Holdings LLC; Morgan Stanley Energy Partners |
Fountain Quail Energy Services LLC; CSL Capital Management LP |
N/A |
Bought the Permian Basin water treatment and recycling division Fountain Quail Water Treatment for cash and equity. |
|
S&S |
4/26/19 |
Smith-Cooper International Inc; Tailwind Capital Group LLC |
Anvil International LLC |
N/A |
To merge forming a pipe, valves and fittings distribution company majority owned by Tailwind Capital. (Expected to close 2Q 2019) |
|
S&S |
4/28/19 |
TAQA (Industrialization & Energy Services Co.); Arabian Drilling Co. |
Schlumberger Ltd. |
415 |
To acquire Schlumberger's Middle East onshore drilling rigs business in Kuwait, Oman, Iraq and Pakistan. (Expected to close 2H 2019) |
|
E&P |
4/29/19 |
LLOG Exploration Offshore LLC |
Repsol SA |
N/A |
Formed JV to develop deepwater US GoM assets covering Keathley Canyon blocks; includes asset exchange of WI in Leon and Moccasin discoveries. |
|
E&P |
4/29/19 |
Undisclosed |
Riviera Resources Inc. |
31 |
To buy certain nonoperatd properties in KS including 2,300 nonop wells with proved developed reserves of about 74 Bcfe. (Expected to close 2Q 2019) |
|
S&S |
4/29/19 |
WorleyParsons Ltd. |
Jacobs Engineering Group Inc. |
3,200 |
Purchased Dallas-based Jacobs' energy, chemicals and resources segment; includes rebranding to Worley Ltd. (Completed; PSA announced October 2018) |
|
S&S |
4/30/19 |
CSL Capital Management LP; The Carlyle Group LP |
Weatherford International Plc |
206 |
Bought Weatherford’s laboratory and geological analysis business, including personnel and associated contracts. (Completed; PSA announced October 2018) |
|
S&S |
4/30/19 |
Excellence Logging |
Weatherford International Plc |
50 |
Purchased Weatherford's surface data logging business. (Completed; PSA announced December 2018) |
|
E&P |
4/30/19 |
Faroe Petroleum Plc; DNO ASA |
Equinor ASA |
N/A |
Acquired assets in a balanced asset swap in the Norwegian Sea and the North Sea region of the Norwegian Continental Shelf. (Completed; PSA announced December 2018) |
|
E&P |
5/1/19 |
Wintershall DEA |
Wintershall AG; DEA Deutsche Erdoel AG; BASF AG; LetterOne Group |
N/A |
Merged oil and gas businesses into new company called Wintershall DEA set to be the largest European E&P company. (Completed; PSA announced September 2018) |
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Source: Hart Energy |
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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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