A&D DEAL SHEET
|Sector||Date Announced||Buyer||Seller||Value (US$MM)||Comments|
|MID||3/16/2023||Golar LNG Ltd.||New Fortress Energy Inc.||$423||
To close the acquisition of New Fortress Energy Inc.’s interest in a floating LNG facility in Hilli, offshore Kribi, Cameroon.
|Renew||3/16/2023||Equinor ASA||Scatec Innovation AS||$28||
Acquired 5 million shares in renewable energy firm Scatec ASA from Scatec Innovation AS, a stake of about 3.1% of the company’s shares and votes.
|MID||3/15/2023||Canadian Pacific Railway||Kansas City Southern||$27,000||
To create the Candian Pacific Kansas City railroad, the only single-line railway connecting North America from Canada through Mexico.
|E&P||3/15/2023||Principal Solar Inc.||Winchester Oil & Gas LLC||N/A||
Executed a letter of intent to acquire controlling working interest in oil and gas leases, wells in the Minerva-Rockdale oil field in Milam County, Texas.
|Renew||3/8/2023||Wien Energie; OMV||N/A||N/A||
Announced a joint venture to explore geotheraml opportunities in the greater Vienna region of Europe.
|E&P||3/7/2023||N/A||Carrier Energy Partners II LLC||$145||
Sold its non-operated working interests in Karnes County, Texas, to an undisclosed buyer in two transactions.
|Renew||3/6/2023||Bayou Bend CCS LLC; Chevron U.S.A. Inc.; Talos Energy Inc.; Carbonvert Inc.||N/A||N/A||
Purchased more than 100,000 acres onshore in Chambers and Jefferson counties, Texas, for carbon capture and storage.
|MID||3/6/2023||N/A||NGL Energy Partners LP||$111.65||
Sold marine fleet, consisting of 13 towboats and 25 tank barges.
Acquired Suncor's British business, which will add or up the stakes Equinor in several key North Sea offshore projects.
|E&P||3/2/2023||EIG Global Energy Partners; Breakwater Energy||Repsol||$4,800||
Acquired a 25% interest in Repsol's global upstream business, including operations in the Marcellus Shale, Alaska’s North Slope, the Gulf of Mexico and Eagle Ford Shale.
|MID||3/2/2023||Aramco||Valvoline Global Operations||$2,650||
Acquired Valvoline's lubricants company.
|MID||3/1/2023||Enbridge Inc.||Crestwood Equity Partners LP; Brookfield Infrastructure Partners||$335||
To purchase the 35 Bcf Tres Palacios gas storage facility in Markham, Texas.
|Renew||3/1/2023||Enbridge Inc.||Divert Inc.||$1,000||
Purchased a 10% stake in Divert Inc.'s renewable natural gas business.
|E&P||2/28/2023||Riley Exploration Permian Inc.||Pecos Oil & Gas LLC; Cibolo Energy Partners LLC||$330||
To acquire 11,700 contiguous net acres in Eddy County, New Mexico, with current production of 4,200 bbl/d (7,200 boe/d).
|E&P||2/28/2023||Baytex Energy Group||Ranger Oil Corp.||$2,500||
To acquire 162,000 net acres in the crude oil window of the Eagle Ford shale and production of 67,000 boe/d to 70,000 boe/d.
|MID||2/27/2023||Harvest Midstream||Paradigm Midstream LLC; Ares Management||N/A||
To acquire gathering, storage, pipelines and rail in North Dakota and South Texas.
|E&P||2/24/2023||Foothills Exploration Inc.; Anaconda Energy||Jubilee Exploration LLC||N/A||
Acquired shut-in or stranded oil and gas wells across multiple leases in Oklahoma and Kansas.
|E&P||2/22/2023||Bison Oil & Gas ; Quantum Energy Partners||N/A||N/A||
Closed on multiple acquisitions to purchase over 75,000 net acres with current production of more than 25,000 boe/d.
Southwestern Energy Plans Oil, NGL Growth as Gas Prices Slump
2023-04-05 - With U.S. natural gas prices down more than 50% from last year, Southwestern Energy is pivoting capital to its liquids-rich footprint in Appalachia.
BP Ventures Back Into Oil Frontiers to Boost Output
2023-05-10 - BP has started drilling a wildcat well off Canada's coast and revived the development of a Gulf of Mexico reservoir.
Marcellus, Permian Add Rigs Despite Commodity Price Volatility
2023-03-23 - Gas-directed rig activity in key U.S. plays, including the Marcellus Shale and Permian Basin, increased in a big way last week, but analysts expect cuts to the rig count later this year.
What's Affecting Oil Prices This Week? (May 15, 2023)
2023-05-15 - The price of oil is facing headwinds from several factors, including concerns about the U.S.' regional banking sector and the impending U.S. debt limit.
Ecopetrol Says Permian ‘Strategic’ to Its Portfolio
2023-05-12 - Colombia state energy giant Ecopetrol, partnered in the Permian Basin with Occidental Petroleum, continues to view its U.S. shale assets as ‘strategic’ within its portfolio.