E&P
| Sector | Date Announced |
Buyer | Seller | Value (US$MM) |
Comments |
| 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 f 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 MORE |
| 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
Marketed: Point Energy Partners Operating Ward County 24-Well Package
2023-01-27 - Point Energy Partners Operating LLC retained EnergyNet for the sale of an overriding royalty interest in a 24-well package plus seven DUCs located across the Wolfcamp and Bone Spring formations in Ward County, Texas.
Excusive Q&A: Attracting the 'Best and Brightest' to the Energy Industry [WATCH]
2023-01-27 - Stephanie Hertzog, CEO of energy and resources North America at Sodexo, believes that while the push for renewable energy will persist over the coming years, the need for fossil fuels will continue driving the shale industry.
Oilfield Service Outlook: Earnings Will be Driven by Everything, Everywhere, All at Once
2023-01-27 - International growth, along with offshore and strength in North America, propelled fourth quarter and 2022 earnings for oilfield service companies SLB, Baker Hughes and Halliburton.
French Prosecutor Investigates Greenwashing Allegations Against TotalEnergies
2023-01-27 - The investigation into TotalEnergies was opened in December 2021, on a complaint filed in 2020, but was only confirmed on Jan. 26.
Women in Energy: Jill McMillan-Melott, Tailwater Capital
2023-01-27 - Today’s featured 25 Influential Women in Energy honoree is Jill McMillan-Melott, managing director and head of communications and public affairs at Tailwater Capital.