Also this past week, Devon Energy agreed to form a midstream partnership with QL Capital Partners to build out its Cotton Draw gathering system in the Delaware Basin. (Source: Hart Energy/Shutterstock.com)
A&D DEAL SHEET
|
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|
Sector |
Date |
Buyer |
Seller |
Value |
Comments |
|
E&P |
11/4/19 |
Contango Oil & Gas Co. |
White Star Petroleum LLC |
$132.5 |
Acquired the assets of White Star and certain affiliates comprising about 314,000 net acres in OK's Stack, Anadarko Basin and Cherokee plays with average production of 15,000 boe/d. (Completion; PSA announced September 2019) |
|
E&P |
11/4/19 |
MOL Plc |
Chevron Corp. |
$1,570 |
To buy Chevron's stake in a giant oil field in Azerbaijan; includes stakes in the BP-operated field in the Caspian Sea and a pipeline transporting crude in the Mediterranean. |
|
S&S |
11/4/19 |
Premier Oilfield Group LLC; Quantum Energy Partners |
Global Drilling Support |
N/A |
To buy Houston, TX-based independent provider of tailored, “one-stop-shop” aftermarket solutions for both third-party. (Expected to close 1Q 2020) |
|
S&S |
11/4/19 |
SitePro Inc. |
Integrated Control Solutions |
N/A |
Purchased the Midland, TX-based provider of automation systems and software for the oil and gas industry specializing in saltwater disposal automation, fresh and brine stations and similar fluid management facilities. |
|
Mid |
11/5/19 |
QL Capital Partners LP |
Devon Energy Corp. |
$100 |
Formed a midstream JV to fund the build out of the Cotton Draw gathering system and compression assets within the Delaware Basin in NM. |
|
E&P |
11/5/19 |
Laredo Petroleum Inc. |
Cordero Energy Resources |
$130 |
To acquire 7,360 net acres (96% operated) and 750 net royalty acres of largely undeveloped leasehold within the Midland Basin in Howard County, TX. (Expected to close in December) |
|
Mid |
11/6/19 |
Gravity Oilfield Services Inc.; Clearlake Capital Group LP |
On Point Oilfield Holdings LLC; White Dear Energy LP |
N/A |
To buy Austin, TX-based On Point, a contracted produced water midstream company focused on gathering and disposal operations in the Permian's Midland Basin. |
|
Mid |
11/6/19 |
Kinder Morgan Inc. |
Southcross Energy Partners LP |
$76 |
Purchased natural gas pipeline assets owned by Southcross Energy, including the Corpus Christi Pipeline Network and Bay City Lateral. |
|
Mid |
11/6/19 |
Magnolia Infrastructure Holdings LLC |
Southcross Energy Partners LP |
$31.5 |
Bought pipelines and related assets that Southcross Energy owns in Mississippi and Alabama. |
|
E&P |
11/6/19 |
Marathon Oil Corp. |
Rocky Creek Resources LLC; Boomtown Oil LLC; Juniper Capital Advisors LP; Delago Resources LLC |
$185 |
To acquire 18,000 contiguous and largely undeveloped net acres adjacent to Marathon's existing NE Eagle Ford leasehold; includes 7,000 net boe/d of current production and associated midstream infrastructure. (Expected to close Jan. 31) |
|
E&P |
11/6/19 |
Marathon Oil Corp. |
Undisclosed |
$106 |
To purchase about 40,000 net acres in Ward and Winkler counties, TX, establishing a new Delaware Basin oil play in the Permian. (Expected to close 4Q 2019) |
|
Mid |
11/6/19 |
Noble Energy Inc. |
Eastern Mediterranean Gas Co. |
$185 |
Purchased a 39% equity interest in the EMG Pipeline used to transport natural gas volumes into Egypt from the Tamar and Leviathan fields in Israel. |
|
E&P |
11/7/19 |
Repsol SA |
Equinor ASA |
$325 |
To buy Equinor’s 63% interest in its Eagle Ford JV with Repsol, covering 69,000 net acres in S TX; includes operatorship. |
|
E&P |
11/7/19 |
Repsol SA |
Equinor ASA |
N/A |
To acquire a 20% nonoperated interest in the Monument prospect that Equinor is drilling in the Northwest Walker Ridge area in the US GoM. |
|
E&P |
11/7/19 |
Undisclosed |
Diversified Gas & Oil Plc |
$10 |
Bought non-producing Appalachian Basin assets DGO recently acquired in Monroe County, OH. |
|
E&P |
11/7/19 |
Undisclosed |
Riviera Resources Inc. |
$18.5 |
To purchase interests in properties located in the Overton Field of E TX. (Expected to close 1Q 2020) |
|
Mid |
11/8/19 |
Starwood Energy Group Global LLC |
Third Coast Midstream LLC |
N/A |
To buy Third Coast Midstream's gas gathering infrastructure located within the Eagle Ford Shale in Lavaca County, TX; includes over 260 miles of natural gas gathering pipes and associated infrastructure. |
|
E&P |
11/8/19 |
Undisclosed |
Painted Pony Energy Ltd. |
C$45 |
Bought a 75% WI in 11,280 gross (8,460 net) acres in the NE British Columbia Montney. (Completed; PSA announced October 2019) |
|
E&P |
11/11/19 |
Ithaca Energy Ltd.; Delek Group Ltd. |
Chevron Corp. |
$2,000 |
Purchased the Chevron North Sea subsidiary and its assets, which includes interests in 11 producing fields offshore the UK; net production averaged 43,000 bbl/d of liquids and 133 MMcf/d of gas in 2018. (Completed; PSA announced May 2019) |
|
Mid |
11/12/19 |
Ironwood Midstream Energy Partners LLC; EnCap Flatrock Midstream LLC |
Twin Eagle Resource Management LLC |
N/A |
To purchase Twin Eagle’s Gardendale and Asherton gathering systems, spanning Dimmit and La Salle counties, TX, within the Eagle Ford Shale. (Expected to close December) |
|
E&P |
11/12/19 |
Kimbell Royalty Partners LP |
Buckhorn Resources LLC |
$31.8 |
To acquire 86,000 gross (400 net) royalty acres, 90% of which is located in the Eagle Ford Shale in La Salle and McMullen counties, TX, with current production about 270 boe/d (83% oil, 11% natural gas and 6% NGL). (Expected to close December) |
|
Mid |
11/12/19 |
Rattler Midstream LP; Oryx Midstream Services LLC; Stonepeak Infrastructure Partners Co. |
Reliance Gathering LLC |
$355 |
Acquired through a newly-formed JV to acquire Reliance Gathering; includes gathering system in the Permian's Northern Midland Basin. (Completed; PSA announced October 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.
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