A&D DEAL SHEET
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Sector |
Date Announced |
Buyer |
Seller |
Value (US$MM) |
Comments |
|
E&P |
5/20/19 |
Brigham Minerals Inc. |
Undisclosed |
41.3 |
Acquired 2,700 net royalty acres in OK and TX (standardized to a 1/8th royalty interest) during 1Q 2019 with 90% of the capital deployed to the Permian Basin (51%) and Scoop/Stack (39%). |
|
E&P |
5/20/19 |
Red Wolf Natural Resources LLC; Pearl Energy Investments |
Undisclosed |
N/A |
Purchased roughly 56,000 net acres and associated production in OK Scoop, Stack and Merge shale plays as well as the broader Anadarko Basin; includes infrastructure and midstream agreements. |
|
Mid |
5/21/19 |
Bison Oilfield Services LLC |
Cobalt Environmental Solutions LLC; Blue Sage Capital |
N/A |
Purchased Cobalt, a water disposal business in the Scoop and Merge plays of OK's Anadarko Basin. |
|
Mid |
5/21/19 |
Plains All American Pipeline LP |
CVR Energy Inc. |
36 |
Bought a 1.5 million-barrel crude oil terminal located in Cushing, OK. |
|
E&P |
5/22/19 |
BCE-Mach LLC; Mach Resources LLC; Bayou City Energy Management LLC |
Undisclosed |
N/A |
To purchase producing Mississippi Lime properties primarily in Barber and Harper counties, KS. |
|
Mid |
5/23/19 |
Stonepeak Infrastructure Partners Co. |
Oryx Midstream Services LLC; Concho Resources; Post Oak Energy Capital LLC; Quantum Energy Partners; WPX Energy Inc. |
3,600 |
Purchased substantially all of the assets of Midland, TX-based Oryx Midstream, which owns and operates a crude oil gathering system in the Delaware Basin in the Permian. (Completed; PSA announced April 2019) |
|
E&P |
5/23/19 |
Undisclosed |
Riviera Resources Inc. |
44.5 |
To acquire interest in MI properties consisting of 1,400 net wells with 193 Bcfe proved developed reserves and proved developed PV-10 value of $38 MM. |
|
Mid |
5/28/19 |
Alberta Investment Management Corp. (AIMCo) |
TC Energy Corp. |
CAD1,150 |
To buy an 85% interest in the Northern Courier Pipeline, which is a 56-mile pipeline system transports bitumen and diluent in Alberta. (Expected to close 3Q 2019) |
|
Mid |
5/28/19 |
Delek Logistics Partners LP; Delek US Holdings Inc. |
Plains All American LP |
128 |
Formed a JV to support the expansion of the Red River pipeline system from Cushing, OK, and the Permian Basin to US Gulf Coast markets; includes purchase of a 33% minority ownership interest. |
|
Mid |
5/29/19 |
Altus Midstream Co. |
Apache Corp. |
161 |
Purchased a 26.7% equity interest as part of an option tied to its formation in the Permian Highway Pipeline, which will transport natural gas from the Delaware Basin to Texas Gulf Coast markets. |
|
E&P |
5/29/19 |
Canadian Natural Resources Ltd. |
Devon Energy Corp. |
CAD3,800 |
To purchase 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. (Expected to close 2Q 2019) |
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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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