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
Honeywell Bags Air Products’ LNG Process, Equipment Business for $1.8B
2024-07-10 - Honeywell is growing its energy transition services offerings with the acquisition of Air Products’ LNG process technology and equipment business for $1.81 billion.
TGS Awarded Ocean Bottom Node Data Acquisition Contract in North America
2024-07-17 - The six-month contract was granted by a returning client for TGS to back up the client’s seismic data capabilities for informed decision making.
ProFrac, IWS Taking the Garbage Out of Oilfield Data Transfer
2024-07-16 - ProFrac and Intelligent Wellhead Systems’ MQTT protocol promises to speed up communications at the frac site, not only by saving costs but laying the foundation for future technological innovations and efficiencies in the field, the companies tell Hart Energy.
E-wireline: NexTier Taps Oilfield Grid, Automation for Completions
2024-07-23 - NexTier Completion Solutions is using advanced electric-drive equipment, automation-enabled pump down technology and digital connectivity to optimize wellsite operations during shale completions.
How Generative AI Liberates Data to Streamline Decisions
2024-07-22 - When combined with industrial data management, generative AI can allow processes to be more effective and scalable.
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.