Power utility DTE Energy also announced a roughly $2.7 billion acquisition of Haynesville Shale midstream assets. (Source: Hart Energy)
A&D DEAL SHEET
|
|||||
|
Sector |
Date |
Buyer |
Seller |
Value |
Comments |
|
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) |
|
Mid |
10/17/19 |
Basalt Infrastructure Partners LLC |
Third Coast Midstream LLC |
N/A |
To acquire Third Coast Midstream’s natural gas transmission business includes seven regulated natural gas lateral pipelines across LA, AL, MS, TN and AR. |
|
E&P |
10/17/19 |
Pieridae Energy Ltd. |
Royal Dutch Shell Plc |
C$190 |
Bought all of Shell’s midstream and upstream assets in the southern Alberta Foothills. (Completed; PSA announced June 2019) |
|
E&P |
10/17/19 |
Undisclosed |
Painted Pony Energy Ltd. |
C$45 |
To buy a 75% WI in 11,280 gross (8,460 net) acres in the NE British Columbia Montney. (Expected to close Oct. 31) |
|
E&P |
10/18/19 |
Undisclosed |
Crescent Point Energy Corp. |
$525 |
Purchased Crescent Point's Uinta Basin asset in UT; includes about 350 net sections of undeveloped land, 123.1 MMboe of 2P reserves and 29.5 MMboe of PDP reserves. (Completed; PSA announced September 2019) |
|
E&P |
10/18/19 |
Undisclosed |
Crescent Point Energy Corp. |
C$212 |
Bought certain southeast Saskatchewan conventional assets that include 7,000 boe/d of current production (70% crude oil and 85% total liquids) and 49.2 MMboe of 2P reserves. (Completed; PSA announced September 2019) |
|
Mid |
10/18/19 |
DTE Energy Co. |
Momentum Midstream LLC; Indigo Natural Resources LLC |
$2,650 |
To acquire 100% of M5 Louisiana Gathering LLC, a Haynesville natural gas gathering system and pipeline in LA; includes $400 MM contingency payment in 2H 2020 tied to completion of gathering pipeline. (Expected to close 4Q 2019) |
|
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) |
|
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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