(Source: ChampionX Corp.; Shutterstock.com)
A&D DEAL SHEET |
|||||
|---|---|---|---|---|---|
| Sector | Date Announced |
Buyer | Seller | Value (US$MM) |
Comments |
| Mid | 5/25/20 | KKR & Co. Inc.; Alberta Investment Management Corp. (AIMCo) | TC Energy Corp. | CA$2,100 |
Bought a 65% Coastal GasLink stake, which will move gas in Canada from NE British Columbia to the Pacific Coast. (Completed; PSA announced December 2019) |
| E&P | 5/26/20 | Diversified Gas & Oil Plc | EQT Corp. | $125 |
Bought upstream and midstream Appalachia assets across PA and WV; includes about 900 net operated wells and 8,500 net acres HBP and prospective for future Marcellus and Utica development. (Completed; PSA announced May 11) |
| E&P | 5/27/20 | Santos Ltd. | ConocoPhillips Co. | $1,390 |
Bought ConocoPhillips subsidiaries that hold its Australia-West assets and operations; includes interest in Athena, Bayu-Undan, Bayu-Undan and Poseidon fields, the Barossa project and the Darwin LNG facility and about 50,000 boe/d of production. (Completed; PSA announced October 2019) |
| E&P | 6/1/20 | Spartan Delta Corp. | Bellatrix Exploration Ltd. | CA$196.4 |
Purchased substantially all of bankrupt Bellatrix's assets located in the heart of the Alberta Deep Basin; includes assumption of CA$21.2 MM of estimated liabilities. (Completed; PSA announced April 2020) |
| S&S | 6/3/20 | ChampionX Corp.; Apergy Corp. | Ecolab Inc. | $4,400 |
Bought Ecolab’s Nalco Champion business in a combination forming ChampionX, headquartered in The Woodlands, TX with operations in over 55 countries. (Completed; PSA announced December 2019) |
| Renewable | 6/3/20 | Total SA | SSE Plc | $88 |
To acquire a 51% stake in the Seagreen 1 offshore wind farm project, located off the coast of Scotland in the UK North Sea. |
| E&P | 6/4/20 | Pegasus Resources LLC; EnCap Investments LP | Black Stone Minerals LP | $100 |
To purchase a 57% undivided interest across parts of the Delaware Basin and a 32% undivided interest across parts of the Midland Basin position in the Permian. (Expected to close July) |
| E&P | 6/4/20 | Undisclosed | Black Stone Minerals LP | $55 |
To buy mineral and royalty interests in specific tracts in Midland County, TX, in the Permian Basin. (Expected to close July) |
| Mid | 6/9/20 | Glenfarne Group LLC | LNG Ltd. | N/A |
Purchased the Magnolia LNG project, a Gulf Coast export terminal being developed in Lake Charles, LA. |
For more up-to-date information on the latest deals visit Hart Energy’s online database of transactions.
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