A&D DEAL SHEET |
|||||
|---|---|---|---|---|---|
| Sector | Date Announced |
Buyer | Seller | Value (US$MM) |
Comments |
| E&P | 8/3/20 | Castleton Resources LLC; Castleton Commodities International LLC; Tokyo Gas Co. Ltd. | Range Resources Corp. | $335 |
To purchase the N LA Terryville Field asset covering about 140,000 net acres with stacked pay potential for the Lower Cotton Valley and producing about 160 MMcfe/d; agreement includes an additional $90 MM contingent on future commodity prices. (Expected to close August) |
| Renewable | 8/3/20 | Royal Dutch Shell Plc | Select Carbon Pty Ltd. | N/A |
To buy environmental services firm Select Carbon, which specializes in developing carbon farming and manages a portfolio of over 70 projects encompassing over 9 million hectares across Australia. (Expected to close year-end 2020) |
| E&P | 8/6/20 | Presidio Petroleum LLC; Morgan Stanley Energy Partners | Templar Energy LLC; Ares Management Corp. | $91 |
Purchased Templar Energy through bankruptcy auction; includes about 273,000 net acres located within the western Anadarko Basin of the Midcontinent region spanning TX and OK including the STACK Play. |
| E&P | 8/6/20 | Undisclosed | Riviera Resources Inc. | $16 |
To buy interest in certain Anadarko Basin properties including approximately 2,100 wells located in 14 counties throughout central and NW OK averaging about 28 MMcfe/d of production. (Expected to close 4Q 2020) |
| E&P | 8/10/20 | Canadian Natural Resources Ltd. | Painted Pony Energy Ltd. | C$461 |
To acquire Calgary, Alberta-based Painted Pony which holds 187,000 net acres across the NE BC Montney fairway in the Western Canadian Sedimentary Basin producing about 270 MMcf/d of natgas and 4,600 bbl/d of NGL; includes assumption of C$350 MM of debt. (Expected to close by 4Q 2020) |
| E&P | 8/11/20 | J.P. Morgan | Antero Resources Corp. | $220 |
Purchased through volumetric production payment comprised of dry gas producing properties in WV within the Appalachian Basin; effective date of July 1 with a seven-year term ending June 30, 2027. |
For more up-to-date information on the latest deals visit Hart Energy’s online database of transactions.
Recommended Reading
Hess Midstream Announces 10 Million Share Secondary Offering
2024-02-07 - Global Infrastructure Partners, a Hess Midstream affiliate, will act as the selling shareholder and Hess Midstream will not receive proceeds from the public offering of shares.
EQT CEO: Biden's LNG Pause Mirrors Midstream ‘Playbook’ of Delay, Doubt
2024-02-06 - At a Congressional hearing, EQT CEO Toby Rice blasted the Biden administration and said the same tactics used to stifle pipeline construction—by introducing delays and uncertainty—appear to be behind President Joe Biden’s pause on LNG terminal permitting.
TC Energy’s Keystone Back Online After Temporary Service Halt
2024-03-10 - As Canada’s pipeline network runs full, producers are anxious for the Trans Mountain Expansion to come online.
Enbridge Announces $500MM Investment in Gulf Coast Facilities
2024-03-06 - Enbridge’s 2024 budget will go primarily towards crude export and storage, advancing plans that see continued growth in power generated by natural gas.
Plains All American Names Michelle Podavin Midstream Canada President
2024-03-05 - Michelle Podavin, who currently serves as senior vice president of NGL commercial assets for Plains Midstream Canada, will become president of the business unit in June.