A&D DEAL SHEET
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Sector |
Date |
Buyer |
Seller |
Value |
Comments |
|
E&P |
10/21/19 |
Undisclosed |
Range Resources Corp. |
150 |
Bought a 0.5% proportionately reduced ORRI applied to 350,000 net surface acres in SW Appalachia in PA. (Closed September) |
|
Mid |
10/22/19 |
NextEra Energy Partners LP |
Ares Management Corp. |
286 |
To purchase Meade Pipeline, which owns a 39.2% stake in the Central Penn intrastate natgas pipeline that serving the Marcellus region. (Expected to close 4Q 2019) |
|
S&S |
10/28/19 |
InstarAGF Asset Management Inc. |
Oilfield Water Logistics LLC; NGP Energy Capital Management LLC |
N/A |
Bought ownership of the TX- and CO-based provider of midstream water infrastructure and services; includes positions in the Permian, Haynesville/Cotton Valley, Powder River, Niobrara, Denver-Julesburg, Uinta and Piceance basins. |
|
E&P |
10/30/19 |
Contango Oil & Gas Co. |
Will Energy Corp. |
23 |
Acquired 12,560 net acres in N LA and 147,312 net acres in the western Anadarko Basin located in W OK and the TX Panhandle. (Completed; PSA announced September 2019) |
|
S&S |
10/31/19 |
NexTier Oilfield Solutions |
C&J Energy Services Inc.; Keane Group Inc. |
745.7 |
Acquired Keane through a merger of the Houston-based pressure pumpers that formed NexTier Oilfield Solutions; C&J and Keane shareholders to own roughly 50% of the combined company. (Completed; PSA announced June 2019) |
|
E&P |
11/1/19 |
Cona Resources Ltd.; Waterous Energy Fund |
Pengrowth Energy Corp. |
CAD740 |
To purchase Calgary, Alberta-based oil and gas producer with long-life assets in the Western Canadian Sedimentary Basin; includes assumption of debt. (Expected to close late December) |
|
Mid |
11/1/19 |
IFM Investors |
Buckeye Partners LP |
6,500 |
Acquired Houston-based Buckeye for $41.50 per unit in an all-cash transaction; includes networks of integrated midstream assets primarily in the East Coast and Gulf Coast regions of the US, as well as in Caribbean. (Completed; PSA announced May 2019) |
|
Mid |
11/1/19 |
NGL Energy Partners LP |
Hillstone Environmental Partners LLC; Golden Gate Capital |
600 |
Purchased all equity Hillstone interests acquiring a produced water transportation and disposal system located in the Northern Delaware Basin in the state line area of Eddy and Lea counties, NM, and Loving County, TX. (Completed; PSA announced September 2019) |
|
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. |
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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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