A&D DEAL SHEET |
|||||
|---|---|---|---|---|---|
| Sector | Date Announced |
Buyer | Seller | Value (US$MM) |
Comments |
| 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. |
| Mid | 4/1/20 | Black Bear Transmission LLC; Basalt Infrastructure Partners LLP | Enbridge Inc. | N/A |
Purchased Ozark natural gas pipeline transportation and gathering systems that extends from OK through AR to MO. |
| 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. |
| Mid | 4/2/20 | Shell Midstream Partners LP | Royal Dutch Shell Plc | N/A |
Purchased through a dropdown of 79% interest in the Mattox Pipeline serving the Shell-operated Appomattox platform in the US GoM and certain logistics assets at the Shell Norco Manufacturing Complex. (Completed; PSA announced February 2020) |
For more up-to-date information on the latest deals visit Hart Energy’s online database of transactions.
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