A&D DEAL SHEET
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Sector |
Date |
Buyer |
Seller |
Value |
Comments |
|
E&P |
1/13/20 |
Värde Partners Inc. |
Lilis Energy Inc. |
$17 |
Launched non-binding cash offer to acquire the roughly 75% of outstanding shares of Lilis common stock not already owned in a merger transaction for $0.25 per share. (Offer expires Feb. 17) |
|
S&S |
1/13/20 |
Stress Engineering Services Inc. |
Laserstream LP |
N/A |
Bought Laserstream, a Houston-based technical service company specializing in laser mapping of tubular assets. |
|
E&P |
1/14/20 |
PDC Energy Inc. |
SRC Energy Inc. |
$1,700 |
Acquired Denver-based SRC Energy, which holds roughly 86,000 net acres in the D-J Basin's Wattenberg Field, nearly 100% of which is located in Weld County, CO, through all-stock transaction; includes assumption of about $685 MM in net debt. (Completed; PSA announced August 2019) |
|
E&P |
1/20/20 |
International Petroleum Corp. |
Granite Oil Corp. |
$59 |
To acquire Calgary, Alberta-based Granite and its light oil position in the Alberta Bakken play; includes assumption of debt. (Expected to close March 2020) |
|
Mid |
1/21/20 |
Buckeye Partners LP |
Magellan Midstream Partners LP |
$250 |
To purchase three marine terminals located in CT, DE and LA. (Expected to close 2Q 2020) |
|
E&P |
1/22/20 |
BlackGold Capital Management LP |
Undisclosed |
N/A |
Purchased a diverse portfolio of mineral and royalty interests in the Midland Basin in W TX. |
|
Source: HartEnergy.com |
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For more up-to-date information on the latest deals visit Hart Energy’s online database of transactions.
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