A&D DEAL SHEET |
|||||
|---|---|---|---|---|---|
| Sector | Date Announced |
Buyer | Seller | Value (US$MM) |
Comments |
| E&P | 11/30/20 | Contango Oil & Gas Co. | Undisclosed | $58 |
To buy assets in the Big Horn, Permian, and Powder River Basins via a bank owned liquidation of assets. (Expected to close Dec. 31) |
| S&S | 11/30/20 | S&P Global Inc. | IHS Markit Ltd. | $44,000 |
To acquire London-based IHS Markit in an all-stock transaction valuing IHS Markit at an enterprise value of $44 B, including $4.8 B of net debt. (Expected to close 2H 2021) |
| E&P | 12/2/20 | Ameredev Texas LLC | Lilis Energy Inc. | $46.6 |
Purchased Lilis Energy's roughly 20,000-acre position in the Permian's Delaware Basin through a court-supervised sales process. |
| E&P | 12/2/20 | Headwater Exploration Inc. | Cenovus Energy Inc. | CA$100 million |
To purchase Marten Hills oil assets in northern Alberta in the Clearwater play; includes 100% WI in about 2,800 bbl/d of medium oil production and 270 net sections of Clearwater rights. (Expected to close year-end 2020) |
| E&P | 12/2/20 | Maverick Natural Resources LLC; EIG Global Energy Partners | FourPoint Energy LLC | N/A |
Acquired FourPoint Energy, the largest producer in the Western Anadarko Basin, in an all-equity merger between the two companies majority controlled by EIG Global Energy Partners; FourPoint became a subsidiary of Maverick and was renamed Unbridled Resources LLC. |
| Mid | 12/2/20 | Sempra Energy | IEnova | $6,130 |
To buy remaining 33.57% stake in its Mexican unit IEnova in an all-stock deal to create Sempra Infrastructure Partners through merger with its North American LNG export infrastructure unit Sempra LNG. (Expected to close 1Q 2021) |
| Mid | 12/7/20 | BWC Terminals LLC | NuStar Energy LP | $106 |
Bought terminals in Texas City, TX, with petrochemical and petroleum capabilities. (Completed; PSA announced November 2020) |
| Mid | 12/7/20 | J. Global Energy Holdings Inc. | Third Coast Midstream LLC | N/A |
Bought the E TX gathering, processing, and fractionation business, 3CM East Texas. |
| E&P | 12/9/20 | Occidental Petroleum Corp. | ADNOC | $140 |
Acquired exploration rights to Abu Dhabi Onshore Block 5, which covers an onshore area of 4,212 sq km southeast of Abu Dhabi city. |
| Mid | 12/9/20 | Total SA | Sempra Energy | N/A |
Acquired a 16.6% stake in the Energia Costa Azul LNG project in northern Mexico. |
| E&P | 12/9/20 | Whitecap Resources Inc. | TORC Oil & Gas Ltd. | CA$552 |
To buy rival Calgary, Alberta-based TORC Oil & Gas in an all-stock deal; includes Cardium development in central Alberta and exposure to the light oil Torquay/Three Forks resource play in SE Saskatchewan. (Expected to close February) |
| E&P | 12/10/20 | Royal Dutch Shell Plc | Kosmos Energy Ltd. | $200 |
Bought participating interest in select frontier exploration assets including blocks offshore São Tomé & Príncipe, Suriname, Namibia and South Africa; consideration comprises $100 MM upfront cash payment and future contingent payments of up to $100 MM. (Completed; PSA announced September 2020) |
| Renew | 12/11/20 | Brookfield Renewable LP | Exelon Corp. | $810 |
To acquire a distributed generation development platform comprising 360 MW of operating distributed solar across nearly 600 sites throughout the US with an additional over 700 MW under development. (Expected to close 1H 2021) |
| Renew | 12/11/20 | Greenbacker Renewable Energy Co. LLC | RPMA Iowa Wind Development LLC | N/A |
Purchased a 50 MW operating wind farm, Rippey Wind Holding LLC, is located in Greene County, IA and has a 25-year power purchase agreement in place with the investment-grade utility Central Iowa Power Cooperative. |
| E&P | 12/11/20 | Equinor ASA | Rosneft | $550 |
Bought a 49% interest in Russian onshore petroleum assets comprising 12 conventional onshore exploration and production licenses in eastern Siberia. |
| E&P | 12/11/20 | Terra Energy Partners LLC | Ursa Resources Group LLC | $60 |
To purchase assets from bankrupt Ursa Piceance Holdings and various subsidiaries. (Expected to close Dec. 22) |
| E&P | 12/14/20 | Gondola Resources LLC | SandRidge Energy Inc | $47 |
To buy SandRidge's North Park Basin asset comprised of 93,000 net acres targeting multiple Niobrara benches in Jackson County, CO. (Expected to close 1Q 2021) |
| Mid | 12/15/20 | Stakeholder Midstream LLC | Santa Fe Midstream LLC | N/A |
Acquired gas gathering and processing assets located in Yoakum County, TX, within the San Andres Play in the Permian Basin. |
| Mid | 12/15/20 | TC Energy Corp. | TC PipeLines LP | $1,680 |
To buy the rest of the natural gas pipelines operator and its indirect subsidiary; TC Energy owns a 23.96% stake in TC PipeLines. |
For more up-to-date information on the latest deals visit Hart Energy’s online database of transactions.
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