A&D DEAL SHEET |
|||||
|---|---|---|---|---|---|
| Sector | Date Announced |
Buyer | Seller | Value (US$MM) |
Comments |
| Mid | 7/5/20 | Berkshire Hathaway Inc. | Dominion Energy Inc. | $9,700 |
To purchase Dominion's natural gas transmission and storage business; includes over 7,700 miles of natural gas transmission lines, with about 20.8 Bcf/d of transportation capacity and 900 Bcf of operated natural gas storage with 364 Bcf of company-owned working storage capacity, and partial ownership of an LNG export facility plus assumption of $5.7 B debt. (Expected to close 4Q 2020) |
| E&P | 7/8/20 | Undisclosed | Harvest Oil & Gas Corp. | $20.5 |
To purchase Appalachian Basin assets representing substantially all of the assets of Harvest in a cash and stock transaction; includes assets in the Utica Shale located across OH, PA and WV. (Expected to close August) |
| S&S | 7/17/20 | Aker Solutions ASA | Kværner ASA | N/A |
To merge with Norway-based Kværner to create a supplier of new energy production facilities, such as oil and gas production platforms or subsea systems, or offshore wind power installations. |
| E&P | 7/20/20 | Chevron Corp. | Noble Energy Inc. | $13,000 |
To acquire in all-stock transaction Houston-based Noble, which has U.S. shale assets in the Permian, D-J and Eagle Ford basins including a publicly traded midstream business plus international positions in the Eastern Mediterranean and offshore West Africa; includes assumption of $8 B in debt. (Expected to close 4Q 2020) |
| S&S | 7/20/20 | Wilks Brothers LLC | CARBO Ceramics Inc. | N/A |
Purchased Houston-based global technology company CARBO Ceramics through a debt-for-equity exchange pursuant to a plan of reorganization in a Chapter 11 bankruptcy case. |
For more up-to-date information on the latest deals visit Hart Energy’s online database of transactions.
Recommended Reading
US Drillers Add Oil, Gas Rigs for First Time in Five Weeks
2024-04-19 - The oil and gas rig count, an early indicator of future output, rose by two to 619 in the week to April 19.
Strike Energy Updates 3D Seismic Acquisition in Perth Basin
2024-04-19 - Strike Energy completed its 3D seismic acquisition of Ocean Hill on schedule and under budget, the company said.
Santos’ Pikka Phase 1 in Alaska to Deliver First Oil by 2026
2024-04-18 - Australia's Santos expects first oil to flow from the 80,000 bbl/d Pikka Phase 1 project in Alaska by 2026, diversifying Santos' portfolio and reducing geographic concentration risk.
Iraq to Seek Bids for Oil, Gas Contracts April 27
2024-04-18 - Iraq will auction 30 new oil and gas projects in two licensing rounds distributed across the country.
Vår Energi Hits Oil with Ringhorne North
2024-04-17 - Vår Energi’s North Sea discovery de-risks drilling prospects in the area and could be tied back to Balder area infrastructure.