A&D DEAL SHEET |
|||||
---|---|---|---|---|---|
Sector | Date Announced |
Buyer | Seller | Value (US$MM) |
Comments |
E&P | 4/9/20 | Diversified Gas & Oil Plc | Carbon Energy Corp. | $110 |
To acquire certain conventional Appalachian upstream and midstream assets within DGO's existing WV, KY and TN footprint; includes mature, low decline net daily production in 2019 of 9,900 boe (97% natural gas) from 6,500 net operated wells. (Signed conditional PSA) |
S&S | 4/13/20 | Geolog International BV | Nabors Industries Ltd. | N/A |
Acquired all of Nabors’ mudlogging assets in the US (previously known as EPOCH). |
E&P | 4/13/20 | SilverBow Resources Inc. | Undisclosed | N/A |
Purchased private entity with Eagle Ford assets adding 10 MMcf/d of net natural gas production directly offsetting the SilverBow’s existing assets in the western portion of the shale play. |
E&P | 4/13/20 | Undisclosed | SilverBow Resources Inc. | N/A |
To buy certain Powder River Basin assets including ORRI in 118 net acres across Campbell, Converse and Niobrara Cos., WY. (Expected to close 2Q 2020) |
E&P | 4/14/20 | Kalnin Ventures LLC | Devon Energy Corp. | $860 |
Announced amended terms for the acquisition of Devon’s Barnett position, which includes over 320,000 gross acres and 4,200 producing wells in N TX that average 597 MMcfe/d of net production in 3Q 2019; proved reserves at YE 2018 were about 4 Tcfe; amended terms made April 14 includes lower cash closing payment and addition of contingency payments. (Expected to close year-end 2020) |
E&P | 4/14/20 | Undisclosed | Ring Energy Inc. | $31.5 |
To buy Ring's Delaware Basin acreage consisting of about 20,000 net acres in Culberson and Reeves Cos., TX, currently producing 908 boe/d. (Expected to close in 60 days) |
E&P | 4/16/20 | BCE-Mach LLC; Mach Resources LLC; Bayou City Energy Management LLC | Alta Mesa Resources Inc.; Kingfisher Midstream LLC | $220 |
Bought substantially all of the assets of Alta Mesa Resources and its midstream subsidiary, Kingfisher Midstream, through bankruptcy sale processes involving a renegotiation following oil price crash; includes 130,000 net-acre OK Stack Play position (90% HBP) and 30,000 boe/d of production (67% liquids). (Completed April 9; PSA announced January 2020) |
E&P | 4/16/20 | Empire Petroleum Corp. | Pardus Oil & Gas LLC; Pardus Oil & Gas Operating GP LLC | N/A |
Acquired producing E. TX Eagle Ford assets and related midstream assets located in Houston, Madison, and Leon counties; includes about 30,397 HBP acreage with about 400 boe/d of production. |
E&P | 4/16/20 | MOL Plc | Chevron Corp. | $1,570 |
Bought Chevron's stake in a giant oil field in Azerbaijan; includes stakes in the BP-operated field in the Caspian Sea and a pipeline transporting crude in the Mediterranean. (Completed; PSA announced November 2019) |
E&P | 4/20/20 | Kimbell Royalty Partners LP | Springbok Energy Partners LLC; Natural Gas Partners LP | $123.1 |
Acquired the mineral and royalty interests held by NGP-backed Springbok and its affiliates, adding interests in the Permian's Delaware Basin, Eagle Ford Shale, Bakken, Haynesville, Stack Play and D-J Basin; consideration comprised of $95 MM cash and Kimbell stock. (Completed; PSA announced January 2020) |
E&P | 4/23/20 | Total SA | Tullow Oil Plc | $575 |
To buy Tullow’s roughly 33.3% stake in the Uganda Lake Albert onshore development project including the East African Crude Oil Pipeline. (Expected to close 2H 2020) |
E&P | 4/27/20 | Hilcorp Energy Co. | BP Plc | $5,600 |
Renegotiated structure and phasing of payments for purchase of BP’s entire upstream and midstream business in AK; includes 26% WI and operatorship of Prudhoe Bay plus the Trans Alaska Pipeline System. (Expected to close June) |
For more up-to-date information on the latest deals visit Hart Energy’s online database of transactions.
Recommended Reading
US Oil Stockpiles Fall Across the Board on Higher Exports, Demand, EIA Says
2024-07-24 - Some of the stock drawdowns could be attributed to normalizing operations following Hurricane Beryl's rampage of the Texas coast.
Oil Prices Up Slightly as US Crude Oil Inventories Fall
2024-07-03 - The U.S. Energy Information Administration reported a 12.2 million draw in the country's crude oil barrels in storage last week.
Francine Closes, Restricts Oil Export Ports, Shuts in 42% of GoM Oil
2024-09-13 - In addition to hampering ports and refineries, an estimated 41.74% of Gulf of Mexico oil production, or 730,472 bbl/d, has been shut in.
Pemex Reduces Fuel Thefts as US-Mexico Energy Trade Value Dips
2024-07-15 - Mexico, the largest export market for U.S. petroleum products, expects to lessen its foreign fuel dependence as its builds a new $16 billion refinery.
Commentary: Oil Traders Ignore Dwindling Stocks to Focus on Economy
2024-08-08 - Oil prices have retreated in recent weeks as traders look past the current depletion in global inventories to focus on the threat of possible economic slowdowns.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.