A&D DEAL SHEET
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Sector |
Date |
Buyer |
Seller |
Value |
Comments |
|
E&P |
9/16/19 |
Bedrock Energy Partners LLC |
Harvest Oil & Gas Corp. |
$72 |
Bought substantially all of Harvest's interests in the Barnett Shale, which comprise a roughly 28% WI in 164,276 gross (40,658 net) acres across N TX, over 90% of which is nonoperated; production in 1Q 2019 averaged 55.6 MMcfe/d. (Completed; PSA announced June 30) |
|
Mid |
9/16/19 |
Energy Transfer LP |
SemGroup Corp. |
$5,100 |
To acquire Tulsa, OK-based SemGroup in a cash and stock deal including the assumption of $5 B of debt; SemGroup’s key areas of operation include western Canada, the Midcontinent and the Gulf Coast. (Expected to close by early 2020) |
|
E&P |
9/16/19 |
Undisclosed |
Harvest Oil & Gas Corp. |
5 |
Purchased certain oil and gas properties in the Midcontinent area in OK's Stack/Scoop plays located within the Anadarko Basin. (Completed; PSA announced Aug. 14) |
|
Mid |
9/17/19 |
Eco-Energy Inc. |
Continuum Energy Services LLC |
N/A |
Purchased the Stone Mountain gathering, processing and terminal assets in the southern Appalachian Basin. |
|
E&P |
9/17/19 |
Silver Hill Energy Holdings LLC |
Perpetual Production LLC |
N/A |
Formed JV investment vehicle named Perpetual Resources LLC (PRLLC) to invest an undisclosed amount of equity in PRLLC to acquire mineral, royalty and nonop participation interests in the Midcon and Permian Basin areas of OK, TX and NM. |
|
Mid |
9/18/19 |
Plains All American Pipeline LP |
Occidental Petroleum Corp. |
$650 |
Acquired Occidental's remaining stake in Plains comprising of 15 MM shares plus another 15 MM shares of Plains' general partner. |
|
E&P |
9/19/19 |
BP Plc |
Talos Energy Inc. |
N/A |
Acquired 75% WI and operaaorship of the Puma West prospect located in Talos-owned Green Canyon Block 821 in the US GoM as part of a farm-out agreement. |
|
E&P |
9/19/19 |
Talos Energy Inc. |
Exxon Mobil Corp. |
N/A |
Purchased 100% WI in the Hershey prospect located on Green Canyon Blocks 326, 327, 370 and 371 with no upfront payment. |
|
S&S |
9/20/19 |
Tortoise Capital Advisors LLC |
Piper Jaffray Cos. |
N/A |
Acquired the midstream energy asset management business of Advisory Research Inc. from parent company Piper Jaffray, which has about $3 B in assets under management. (Completed; PSA announced May) |
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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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