ConocoPhillips also announced a billion-dollar asset sale this past week to Australia-based Santos. (Source: Hart Energy/Shutterstock.com)
A&D DEAL SHEET
|
|||||
|
Sector |
Date |
Buyer |
Seller |
Value |
Comments |
|
Mid |
10/3/19 |
Rattler Midstream LP; Diamondback Energy Inc.; Oryx Midstream Services LLC; Stonepeak Infrastructure Partners Co. |
Reliance Gathering LLC |
$355 |
To acquire through a newly-formed JV to acquire Reliance Gathering; includes gathering system in the Permian's Northern Midland Basin. (Expected to close 4Q 2019) |
|
S&S |
10/3/19 |
Subsea 7 SA |
4Subsea |
N/A |
Acquired Norway-based provider of subsea and offshore wind farm technology and services. |
|
E&P |
10/3/19 |
Undisclosed |
Abraxas Petroleum Corp. |
$7.9 |
To buy Abraxas noncore assets in separate increments comprised of Abraxas’ remaining South Texas assets and a nonoperated acreage position in the Permian Basin in Reeves County, TX. (Expected to close 4Q 2019) |
|
E&P |
10/4/19 |
Chevron Corp. |
Royal Dutch Shell Plc |
N/A |
Bought a 40% stake in three deepwater blocks in the Mexican Gulf. |
|
E&P |
10/7/19 |
Viper Energy Partners LP |
Diamondback Energy Inc. |
$740.2 |
Acquired through a dropdown 5,490 net royalty acres across the Permian's Midland and Delaware basins, over 95% of which is Diamondback-operated. (Completed; PSA announced July 2019) |
|
E&P |
10/7/19 |
Viper Energy Partners LP; Diamondback Energy Inc. |
Undisclosed |
$193.6 |
Purchased about 1,272 net royalty acres through 25 acquisitions that closed in 3Q 2019; largest two deals were located in the Permian Basin. |
|
Mid |
10/8/19 |
Woodland Midstream II LLC |
Undisclosed |
N/A |
Acquired the James Lake System, a fully integrated sour gas gathering, treating and processing system serving producers in the Permian's Central Basin Platform. |
|
E&P |
10/8/19 |
Undisclosed |
Aurex Energy Corp. |
N/A |
To form a JV to rework Barnett Shale wells in N TX; initial phase includes contribution of $2.5 MM and will be focused on 5 of 10 wells. (Signed LOI) |
|
E&P |
10/13/19 |
Santos Ltd. |
ConocoPhillips Co. |
$1,390 |
To buy the ConocoPhillips subsidiaries that hold its Australia-West assets and operations; includes interest in Athena, Bayu-Undan, Bayu-Undan and Poseidon fields, the Barossa project and the Darwin LNG facility and about 50,000 boe/d of production. (Expected to close 1Q 2020) |
|
E&P |
10/14/19 |
Neptune Energy Group Ltd. |
Energean Oil & Gas Plc |
$250 |
To purchase Edison E&P’s UK North Sea and Norwegian units; includes interests in the Nova and Dvalin gas developments offshore Norway and in the producing Scott, Telford, Tors and Wenlock fields in the UK. |
|
E&P |
10/14/19 |
Parsley Energy Inc. |
Jagged Peak Energy Inc. |
$2,270 |
To acquire Denver-based Jagged Peak, a Southern Delaware Basin operator with about 78,000 net acres in Winkler, Ward, Reeves & Pecos Cos., TX and 2Q 2019 production of about 38,300 boe/d (76% oil); all-stock transaction includes assumption of $625 MM debt. (Expected to close 1Q 2020) |
|
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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