A&D DEAL SHEET |
|||||
|---|---|---|---|---|---|
| Sector | Date Announced |
Buyer | Seller | Value (US$MM) |
Comments |
| E&P | 1/12/21 | Pioneer Natural Resources Co. | Parsley Energy Inc. | $7,600 |
Acquired Permian pure-play Parsley Energy in an all-stock deal with a fixed exchange ratio of 0.1252 shares of Pioneer common stock for each share of Parsley stock owned and the assumption of $3.1 B of debt; includes 248,000 net leasehold acres in the Midland and Delaware sub-basins. (Completed; PSA announced October 2020) |
| Mid | 1/13/21 | New Fortress Energy Inc. | Stonepeak Infrastructure Partners Co.; Golar LNG Ltd. | $5,000 |
To buy natural gas company Hygo Energy Transition Ltd., a 50/50 JV between Stonepeak Infrastructure Partners and Golar LNG focused on LNG projects in Brazil, and Hygo's controlling company Golar LNG Partners LP. (Expected to close 1H 2021) |
| E&P | 1/15/21 | ConocoPhillips Co. | Concho Resources Inc. | $13,300 |
Acquired Permian pure-play Concho Resources in an all-stock deal that swaps 1.46 shares of ConocoPhillips for each Concho share; includes a roughly 800,000 gross (550,000 net) acre position in both the Delaware and Midland sub-basins. (Completed; PSA announced October 2020) |
| Renew | 1/18/21 | Total SA | Adani Green Energy Ltd. | $2,500 |
Purchased a 20% stake in India's AGEL and a 50% share in its solar power assets. |
| E&P | 1/20/21 | Undisclosed | Equinor ASA | $14.2 |
Purchased 100 million shares, representing an 18.8% stake in Canadian oil sands firm Athabasca Oil. |
| E&P | 1/21/21 | Contango Oil & Gas Co. | Mid-Con Energy Partners LP | N/A |
Bought Tulsa, OK-based Mid-Con Energy in an all-stock merger; includes conventional assets in OK and WY. (Completed; PSA announced October 2020) |
| E&P | 1/25/21 | Enerplus Corp. | Bruin E&P Partners LLC; ArcLight Capital Partners LLC | $465 |
To acquire all of the shares of Bruin E&P HoldCo, which holds 151,000 net acres in the Williston Basin, all located within ND, with current production of about 24,000 boe/d, 84.1 MMboe of proved plus probable reserves and an inventory of 149 gross (111 net) drilling locations. (Expected to close March) |
| Renew | 1/25/21 | Royal Dutch Shell Plc | Ubitricity | N/A |
To buy European provider of on-street charging for EV, which operates largest public EV charging network in the UK. |
| Mid | 1/27/21 | Tailwater Capital LLC; Connect Midstream LLC | Tall Oak Midstream III LLC; EnCap Flatrock Midstream LLC | N/A |
To acquire the Tall Oak III portfolio in the Arkoma STACK Basin and merge the company’s assets with Tailwater’s existing portfolio company in the same region, Connect Midstream, with the Tall Oak team assuming operatorship. |
| Mid | 1/27/21 | Tailwater Capital LLC | Tall Oak Midstream II LLC; EnCap Flatrock Midstream LLC | N/A |
To purchase a majority of assets of Tall Oak II, which includes gathering lines across eight OK counties in the STACK extension; EnCap Flatrock retained Custy County assets. |
| Renew | 1/29/21 | BP Plc | Equinor ASA | $1,100 |
Acquired a 50% interest in both the Empire Wind and Beacon Wind assets located on the US East Coast; includes new strategic partnership to jointly develop offshore wind projects in the US. (Completed; PSA announced September 2020) |
| E&P | 1/31/21 | Surge Energy US Holdings Co. | Grenadier Energy Partners II LLC; EnCap Investments LP | $420 |
To buy Midland Basin leasehold interest and producing wells in Howard County, TX, in the Permian covering approximately 18,010 net acres, an operated inventory of approximately 120 future drilling locations and average production of about 9,000 boe/d (75% oil). (Expected to close 1Q 2021) |
| E&P | 2/1/21 | Contango Oil & Gas Co. | Undisclosed | $58 |
Bought assets in the Big Horn, Permian, and Powder River Basins via a bank owned liquidation of assets. (Completed; PSA announced December 2020) |
| E&P | 2/1/21 | PTT Exploration and Production Public Co. Ltd. (PTTEP) | BP Plc | $2,600 |
To buy a 20% stake in Oman’s Block 61. (Expected to close during 2021) |
For more up-to-date information on the latest deals visit Hart Energy’s online database of transactions.
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