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.
US Oil Rig Count Falls by Most Since September 2021: Baker Hughes
2023-06-02 - The oil and gas rig count fell, for the fifth week in a row, to 696.
Petrobras Brings Búzios 5 FPSO Onstream
2023-06-01 - Fifth FPSO receives production at world’s largest deepwater field, with at least six more FPSOs planned.
Family Behind Stronghold Energy Raises $500MM for Permian Deals
2023-05-31 - After selling Stronghold Energy II to Ring Energy for $465 million last year, Steve and Caleb Weatherl aim to develop another Permian position with their new E&P, Garrison Energy.
Baytex Brings Production Back Online Following Wildfires
2023-05-30 - Baytex Energy estimated that approximately 12,500 boe/d was curtailed for the month of May.
Rig Providers Focus on Advancements to Keep Up with E&P’s Needs
2023-03-27 - With the offshore drilling market on a positive upswing, rig companies are trying to meet demand while adding the latest bells and whistles to their fleets.