A&D DEAL SHEET |
|||||
|---|---|---|---|---|---|
| Sector | Date Announced |
Buyer | Seller | Value (US$MM) |
Comments |
| E&P | 3/4/20 | W&T Offshore Inc. | ConocoPhillips Co. | N/A |
To buy the remaining 25% working interest in the Magnolia Field, located in the central region of the deepwater US GoM, offshore LA. (Expected to close March 31) |
| E&P | 3/5/20 | Crestone Peak Resources LLC; Canada Pension Plan Investment Board; The Broe Group | ConocoPhillips Co. | $380 |
Acquired Niobrara assets located in the southern D-J Basin with 11,000 boe/d of production for 2019; includes about 98,000 net acres in NE CO. |
| E&P | 3/5/20 | Navitas Petroleum US LLC | Denbury Resources Inc. | $50 |
Bought 50% WI in four SE TX oil fields consisting of Webster, Thompson, Manvel and East Hastings. (Completed; PSA announced December 2019) |
| E&P | 3/5/20 | U.S. Energy Corp. | New Horizon Resources LLC | $0.4 |
Bought New Horizon Resources in a cash and stock transaction; includes assets in a mature Williston Basin field, primarily in McKenzie and Divide counties, ND. |
| E&P | 3/5/20 | Undisclosed | ConocoPhillips Co. | N/A |
Purchased the Waddell Ranch property, a conventional asset located in the Permian Basin with associated production associated of 4,000 boe/d for 2019. |
| E&P | 3/6/20 | International Petroleum Corp. | Granite Oil Corp. | $59 |
Acquired Calgary, Alberta-based Granite and its light oil position in the Alberta Bakken play; includes assumption of debt. (Completed; PSA announced January 2020) |
| E&P | 3/6/20 | WPX Energy Inc. | Felix Energy Holdings II LLC; EnCap Investments LP | $2,500 |
Acquired PE-backed Felix Energy II, which has a 58,500 net acre position in the Permian's Delaware Basin in W TX projected to be producing about 60,000 boe/d (70% oil) at time of closing. (Completed; PSA announced December 2019) |
| S&S | 3/9/20 | Basic Energy Services Inc. | NexTier Oilfield Solutions Inc. | $94 |
Purchased the production operations from NexTier Oilfield Solutions, known as C&J Well Services, which is the third-largest rig servicing provider in the US. |
| Mid | 3/12/20 | TC Energy Corp. | Tidewater Midstream and Infrastructure Ltd.; TransAlta Corp. | C$255 |
To buy Pioneer Pipeline, a 131 km pipeline used to transport sweet natural gas in Alberta. (Entered LOI; PSA expected 2Q 2020) |
For more up-to-date information on the latest deals visit Hart Energy’s online database of transactions.
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