A&D DEAL SHEET |
|||||
| Sector | Date Announced |
Buyer | Seller | Value (US$MM) |
Comments |
| E&P | 1/9/2023 | Northern Oil and Gas | Midland-Petro D.C. Partners LLC | $320 |
NOG acuired 39.958% working interest in Midland-Petro D.C. Partners’ Mascot Project, a 3.25% increase after the company kicked in another $29 million. |
| MID | 1/8/2023 | Phillips 66 | DCP Midstream LP | $3,800 |
To acquire more than 43% more interest in NGL pipeline system, bringing Phillips 66's total stake to 86.8%. |
| Renew | 1/6/23 | Canadian Utilities Ltd.; ATCO | Suncor Energy Inc. | CA$713 |
Closed an acquisition of Suncor's Canadian wind and solar projects that include 202 MW wind projects as well as other assets. |
| Renew | 1/3/2023 | Chevron Corp. | Beyond6 LLC; Mercuria Energy Trading | N/A |
Closed on acquisition of Beyond6 and its network of 55 compressed natural gas (CNG) stations across the US. |
| MID | 1/3/2023 | Targa Resources Corp. | Blackstone Energy Partners | $1,050 |
To acquire remaining 25% stake in the Grand Prix NGL Pipeline. |
| Renew | 12/30/2022 | Boralex Inc. | EDF Renewables North America | CA$339.7 |
Acquired a 50% interest in five operating wind farms in Texas and New Mexico in a deal valued at CAD$339.7 million (US$249.8 million). |
| E&P | 12/29/2022 | Sitio Royalties Corp. | Brigham Minerals Inc. | $4,800 |
Closed all-stock merger; combined company will consist of a total of 259,510 net royalty acres in the Permian Basin and other oil-focused regions. |
| Renew | 12/28/2022 | BP Plc | Archaea Energy Inc. | $4,100 |
Purchased Houston-based RNG producer, Archaea, which operates about 50 RNG and landfill gas-to-energy facilities across the U.S. |
| Renew | 12/27/2022 | Superior Plus Corp. | Centaurs Ltd. | CA$1,050 |
To acquire Certarus Ltd., a low-carbon energy solutions provider based in North America |
| E&P | 12/27/2022 | PHX Minerals Inc. | N/A | $10.7 |
To purchase WI in 151 non-operated Arkoma Basin wells and WI in 106 non-operated Eagle Ford wells |
| E&P | 12/27/2022 | Camber Energy Inc. | Brothers Investments LLC; Lake Boeuf Investments LLC; Bass TMJ LLC; James III Investments LLC | $69 |
To acquire working interests in approximately 169 proved, producing oil wells averaging about 2,000 net bbl/d of oil and other assets. |
| E&P | 12/27/2022 | Marathon Oil Corp. | Ensign Natural Resources LLC; Warburg Pincus LLC; Kayne Private Energy | $3,000 |
Closed acquistion of Ensign Eagle Ford assets comprising 130,000 net acres, more than 600 undrilled locations and 67,000 net boe/d of production spanning Live Oak, Bee, Karnes and Dewitt counties, TX. |
| E&P | 12/20/2022 | Surge Energy Inc. | Enerplus Corp. | CA$245 |
Closed acquisition of Alberta and Saskatchewan assets focused entirely within within Surge’s Sparky and SE Saskatchewan core areas; includes production of roughly 3,000 boe/d (99% crude oil) on a net after deduction of royalties basis. |
| E&P | 12/19/2022 | Northern Oil and Gas Inc. | Nature N/A | $110 |
Closed acquistion of certain nonoperated properties within the Midland Basin of the Permian located in in Howard County, TX; includes 1,650 net acres and expected full-year 2023 average net production of 1,800 boe/d (roughly 72% oil) substantially operated by SM Energy. |
| E&P | 12/15/2022 | Kimbell Royalty Partners LP | Hatch Royalty LLC | $290 |
To buy approximately 889 net royalty acres on 230,000 gross acres in there Permian Basin located in the Delaware Basin (90%) and Midland Basin (10%). |
| MID | 12/15/2022 | Williams | Southwest Gas Holdings Inc | $1,500 |
To purchase MountainWest pipeline system, which comprises 2,000-miles of interstate natural gas pipelines. |
| MID | 12/14/2022 | Rice Acquisition Corp. II | NET Power | $1,459 |
Danny Rice's blank check company to merge with natural gas powered electricity firm generation |
| E&P | 12/13/2022 | Arena Energy LLC | GOM Shell LLC | N/A |
Closed on an acquisition of seven blocks and twelve platforms from GOM Shelf LLC. |
Recommended Reading
EnCap Upsizes Double Eagle Equity Commitment to $2.3 Billion
2023-01-30 - The upsized equity commitment and establishment of an RBL come as Double Eagle ramps up its development pace in the Permian Basin, including the recent addition of two drilling rigs.
Eni, Algeria’s Sonatrach Sign Sustainability, Energy Security Agreements
2023-01-23 - Eni and Sonatrach will explore the reduction of emissions, energy efficiency initiatives, renewable energy developments and other ways to create a sustainable energy transition.
Italy's Descalzi Set for Record Fourth Term as Eni CEO, Sources Say
2023-01-23 - If reappointed, Claudio Descalzi would be the longest running CEO in Eni's history since its foundation in 1953.
Expro Wins Eni Contract for Congo’s LNG Pre-treatment Plant
2023-01-25 - Expro’s 10-year agreement with Eni SpA will allow incremental gas production for low carbon electricity generation, the company said.
Norway to Make First Offshore Wind Tender Awards by Autumn 2023
2022-12-06 - Norway plans on commissioning up to 30 gigawatts of offshore wind capacity by 2040.