A&D DEAL SHEET
|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.
Matador Resources Prioritizes Reducing Debt After $1.6B Acquisition
2023-04-27 - Matador expects a boost in production from its $1.6 billion Permian Basin acquisition and touts new “horseshoe” wells as first-quarter results came in above expectations
Occidental, NET Power Upsize Investments in Danny Rice-led Merger
2023-04-25 - Occidental and ET Power LLC has increased their investments in Rice Acquisition Corp. by $625 million.
Sitio Royalties Hits Unusual M&A Wall in Q1
2023-05-11 - The first quarter was the first time in over two years that Sitio Royalties hasn’t announced or closed a new acquisition, and it wasn’t for a lack of looking.
Quantum-backed FireBird II Raises Over $500MM for Permian Deals
2023-04-22 - After FireBird Energy LLC sold to Diamondback for $1.75 billion last year, FireBird II was formed to pursue more deals in the Permian Basin.
E&P Highlights: March 13, 2023
2023-03-13 - Here’s a roundup of the latest E&P headlines including first gas offshore Egypt and FEED updates in the upstream oil and gas industry.