By
Darren
Barbee
Oil and Gas Investor
Source: HartEnergy.com

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.

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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%.

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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.

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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.

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MID 1/3/2023 Targa Resources Corp. Blackstone Energy Partners $1,050

To acquire remaining 25% stake in the Grand Prix NGL Pipeline.

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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).

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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.

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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.

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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

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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

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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.

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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.

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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.

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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.

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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%).

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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.

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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

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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.

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