A&D DEAL SHEET |
|||||
---|---|---|---|---|---|
Sector | Date Announced |
Buyer | Seller | Value (US$MM) |
Comments |
Mid | 3/24/20 | Dominion Energy Inc. | Southern Co. | N/A |
Purchased Pivotal LNG gaining 100% ownership of Pivotal’s LNG facility in Trussville, AL, and a 50% ownership of the JAX LNG facility in Jacksonville, FL. |
S&S | 3/29/20 | Wilks Brothers LLC | CARBO Ceramics Inc. | N/A |
To purchase Houston-based global technology company CARBO Ceramics through a debt-for-equity exchange pursuant to a plan of reorganization in a Chapter 11 bankruptcy case. |
E&P | 3/30/20 | Empire Petroleum Corp. | Ovintiv Inc. | $8.5 |
To purchase certain oil and natural gas properties in the Williston Basin of MT and ND comprising 26,600 net acres with 94 active wells. (PSA signed March 3; expected to close April 30) |
Mid | 3/31/20 | Delek Logistics Partners LP | Delek US Holdings Inc. | $100 |
To buy the Big Spring gathering system, a roughly 200-mile crude oil gathering system in the Permian Basin with 350,000 bbl/d throughput capacity located in Howard, Borden and Martin counties, TX. |
S&S | 3/31/20 | Ecoark Holdings Inc. | Banner Midstream Corp.; Banner Energy Services Corp. | $17.7 |
To purchase Frisco, TX-based Banner Midstream and its four operating subsidiaries: Pinnacle Frac Transport LLC, a transportation provider of frac sand and logistics services; Capstone Equipment Leasing LLC, which procures and finances equipment to oilfield transportation services contractors; and White River Holdings Corp. and Shamrock Upstream Energy LLC, which are engaged in oil and gas exploration, production, and drilling operations in TX, LA & MS. |
S&S | 3/31/20 | Sargent & Lundy LLC | Summit Engineering Services Inc. | N/A |
Bought Englewood, CO-based Summit Engineering, an independent multi-discipline design engineer firm dedicated to the oil and gas industry. |
E&P | 4/1/20 | Maha Energy AB | Dome AB Inc. | $4.25 |
To acquire certain oil-producing assets in the Illinois Basin through the purchase of all outstanding shares in Houston-based Dome Energy; includes 3,374.44 net acres with 160 bbl/d of oil production. |
For more up-to-date information on the latest deals visit Hart Energy’s online database of transactions.
Recommended Reading
Rhino Taps Halliburton for Namibia Well Work
2024-04-24 - Halliburton’s deepwater integrated multi-well construction contract for a block in the Orange Basin starts later this year.
Halliburton’s Low-key M&A Strategy Remains Unchanged
2024-04-23 - Halliburton CEO Jeff Miller says expected organic growth generates more shareholder value than following consolidation trends, such as chief rival SLB’s plans to buy ChampionX.
Deepwater Roundup 2024: Americas
2024-04-23 - The final part of Hart Energy E&P’s Deepwater Roundup focuses on projects coming online in the Americas from 2023 until the end of the decade.
Ohio Utica’s Ascent Resources Credit Rep Rises on Production, Cash Flow
2024-04-23 - Ascent Resources received a positive outlook from Fitch Ratings as the company has grown into Ohio’s No. 1 gas and No. 2 Utica oil producer, according to state data.
E&P Highlights: April 22, 2024
2024-04-22 - Here’s a roundup of the latest E&P headlines, including a standardization MoU and new contract awards.