(Source: Hart Energy/Shutterstock.com)
A&D DEAL SHEET |
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|
Sector |
Date |
Buyer |
Seller |
Value |
Comments |
|
E&P |
9/24/19 |
Henry Resources LLC |
Pickering Energy Partners |
$500 |
Formed JV to pursue acquisitions of producing oil and gas assets across the Permian Basin targeting to invest at least $500 MM. |
|
S&S |
9/25/19 |
Kodiak Gas Services LLC; EQT Group |
Pegasus Optimization Managers LLC; Apollo Global Management Inc. |
N/A |
To acquire College Station, TX-based Pegasus, a provider of contract compression and related services for the oil and gas industry in North America for both the upstream and midstream segments. (Expected to close 4Q 2019) |
|
Mid |
9/26/19 |
NGL Energy Partners LP |
Hillstone Environmental Partners LLC; Golden State Capital |
$600 |
To purchase 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. |
|
E&P |
9/26/19 |
Vår Energi AS; Eni SpA; HitecVision AS |
Exxon Mobil Corp. |
$4,500 |
To buy Exxon Mobil's Norway upstream operations comprised of nonoperated assets in more than 20 producing fields with a combined production of about 150,000 boe/d in 2019. (Expected to close 4Q 2019) |
|
E&P |
9/27/19 |
Contango Oil & Gas Co. |
White Star Petroleum LLC |
$132.5 |
To acquire 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. (Expected to close 4Q 2019) |
|
E&P |
9/30/19 |
Chrysaor Holdings Ltd. |
ConocoPhillips Co. |
$2,675 |
Purchased two ConocoPhillips UK subsidiaries holding the company’s E&P assets the UK North Sea plus East Irish Sea assets and interest in the Clair Field area located in the West of Shetlands. (Completed; PSA announced April 2019) |
|
Mid |
9/30/19 |
NextEra Energy Partners LP |
Cabot Oil & Gas Corp. |
$256 |
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) |
|
E&P |
9/30/19 |
Total SA |
Occidental Petroleum Corp. |
$3,900 |
Purchased Anadarko’s Mozambique LNG stake as part of binding agreement to acquire Anadarko’s African assets for $8.8 B; Remaining transactions expected to close 2H 2019). (Completed; PSA announced May 2019) |
|
E&P |
9/30/19 |
Undisclosed |
Samson Resources II LLC |
N/A |
Purchased Greater Green River Basin assets located in WY including in Carbon and Sweetwater counties; comprises about 48,000 net acres (63% HBP) with 5,850 boe/d (33% liquids) of current production. |
|
E&P |
9/30/19 |
Undisclosed |
Samson Resources II LLC |
N/A |
Bought 8,500 noncore acres in Johnson County, WY, within the Powder River Basin. |
|
E&P |
10/1/19 |
Citizen Energy LLC; Warburg Pincus LLC |
Roan Resources Inc. |
$1,000 |
To purchase the Oklahoma City-based company focused in the Merge, Scoop and Stack plays of the Anadarko Basin in OK; includes about 182,000 net acres and 50,800 boe/d net production. (Expected to close 4Q 2019 or 1Q 2020) |
|
S&S |
10/2/19 |
Rockwell Automation Inc. |
Schlumberger Ltd. |
N/A |
Formed a fully integrated digital oilfield automation solutions provider named Sensia in a new JV; Rockwell will own 53% in Sensia and will make a $250 MM payment while Schlumberger will hold 45% of the JV. |
|
E&P |
10/2/19 |
Undisclosed |
Sundance Energy Australia Ltd. |
$29.5 |
Purchased Dimmit County, TX assets comprised of 19 gross producing wells in the Eagle Ford Shale an about 6,100 net acres; averaged 1,051 boe/d sales volumes in 1Q 2019. (Completed; PSA announced July 2019) |
|
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 S TX assets and a nonoperated acreage position in the Permian Basin in Reeves County, TX. (Expected to close 4Q 2019) |
|
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. |
|
Source: HartEnergy.com |
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