A&D DEAL SHEET
|Sector||Date Announced||Buyer||Seller||Value (US$MM)||Comments|
|E&P||4/5/2023||Riley Exploration Permian Inc.||Pecos Oil & Gas LLC; Cibolo Energy Partners LLC||$330||
Acquired 11,700 contiguous net acres in Eddy County, New Mexico, and production of 4,200 bbl/d (7,200 boe/d).
|E&P||4/3/2023||Ovintiv Inc.||Black Swan Oil & Gas; PetroLegacy Energy; Piedra Resources; EnCap Investments LP||$4,275||
To acquire 65,000 net acres in the core of the Midland Basin; 1,060 net locations; and 60,000 bbl/d of oil and condensate.
|E&P||4/3/2023||Grayson Mill Bakken LLC; EnCap Investments LP||Ovintiv Inc.||$825||
To sell Ovintiv's Bakken position, including 46,000 net acres and average production of 37,000 boe/d
|E&P||4/3/2023||Ovintiv Inc.||To acquire various bolt-on acquisitions.||$200||
Acquired acreage in various bolt-on acquisitions.
|Renew||3/31/2023||Shell USA Inc.||Volta Inc.||$169||
Acquired network of more than 3,000 charging locations in 31 U.S. states and territories.
|E&P||3/30/2023||IOG Resources II||N/A||N/A||
Acquired Appalachia assets, including 66 producing wellbores on 7,000 net acres with production of 24 MMcfe/d.
|Renew||3/28/2023||Brookfield Renewable Partners; GIC; Temasek; EIG; MidOcean Energy||MidOcean Energy||$10,300||
To acquire Origin Energy, Australia’s largest integrated power generator.
|E&P||3/28/2023||Crescent Point Energy Corp.||Spartan Delta Corp.||$1,280||
To acquire Montney oil and liquids assets with average production of 38,000 barrels of oil equivalent per day (boe/d), 55% liquids, and drilling inventory of 600 net locations.
|MID||3/27/2023||Energy Transfer LP||Lotus Midstream LLC; EnCap Flatrock Midstream||$1,450||
To acquire Lotus' system consisting of approximately 3,000 active miles of pipeline that serves major production areas of the Permian with nearly 1.5 MMbbl/d of capacity.
|S&S||3/24/2023||Dawson Geophysical Co.||Breckenridge Geophysical LLC; Wilks Brothers LLC||$9.8||
To purchase the Breckenridge, a seismic data acquisition company.
|E&P||3/24/2023||Energy Partners; Vitol||Delaware Basin Resources LLC; Stellus Capital Management||$1,500 - $2,000||
Acquired 46,000 surface acres in Reeves and Pecos counties, Texas, and currently averages production of approximately 40,000 boe/d.
|Renew||3/17/2023||ACEN; UPC Power Solutions LLC||GlidePath Power Solutions LLC||
To acquire eight operating wind projects in Texas with 136 megawatts of power generation.
|MID||3/16/2023||Golar LNG Ltd.||New Fortress Energy Inc.||$423||
To close the acquisition of New Fortress Energy Inc.’s interest in a floating LNG facility in Hilli, offshore Kribi, Cameroon.
|Renew||3/16/2023||Equinor ASA||Scatec Innovation AS||$28||
Acquired 5 million shares in renewable energy firm Scatec ASA from Scatec Innovation AS, a stake of about 3.1% of the company’s shares and votes.
|MID||3/15/2023||Canadian Pacific Railway||Kansas City Southern||$27,000||
To create the Candian Pacific Kansas City railroad, the only single-line railway connecting North America from Canada through Mexico.
|E&P||3/15/2023||Principal Solar Inc.||Winchester Oil & Gas LLC||N/A||
Executed a letter of intent to acquire controlling working interest in oil and gas leases, wells in the Minerva-Rockdale oil field in Milam County, Texas.
|Renew||3/8/2023||Wien Energie; OMV||N/A||N/A||
Announced a joint venture to explore geotheraml opportunities in the greater Vienna region of Europe.
|E&P||3/7/2023||N/A||Carrier Energy Partners II LLC||$145||
Sold its non-operated working interests in Karnes County, Texas, to an undisclosed buyer in two transactions.
|Renew||3/6/2023||Bayou Bend CCS LLC; Chevron U.S.A. Inc.; Talos Energy Inc.; Carbonvert Inc.||N/A||N/A||
Purchased more than 100,000 acres onshore in Chambers and Jefferson counties, Texas, for carbon capture and storage.
|MID||3/6/2023||N/A||NGL Energy Partners LP||$111.65||
Sold marine fleet, consisting of 13 towboats and 25 tank barges.
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A&D Expert Joins Gibson Dunn Law Firm Houston Office
2023-05-24 - Rahul Vashi will co-chair the oil and gas practice at Gibson Dunn, specializing in A&D.