A&D DEAL SHEET
|Sector||Date Announced||Buyer||Seller||Value (US$MM)||Comments|
|Renew||3/28/2023||Brookfield Renewable Partners; GIC; Temasek; EIG; MidOcean Energy||MidOcean Energy||$10,300||
To acquire Origin Energy, Australia’s largest integrated power generator.
|E&P||3/28/2023||Crescent Point Energy Corp.||Spartan Delta Corp.||$1,280||
To acquire Montney oil and liquids assets with average production of 38,000 barrels of oil equivalent per day (boe/d), 55% liquids, and drilling inventory of 600 net locations.
|MID||3/27/2023||Energy Transfer LP||Lotus Midstream LLC; EnCap Flatrock Midstream||$1,450||
To acquire Lotus' system consisting of approximately 3,000 active miles of pipeline that serves major production areas of the Permian with nearly 1.5 MMbbl/d of capacity.
|S&S||3/24/2023||Dawson Geophysical Co.||Breckenridge Geophysical LLC; Wilks Brothers LLC||$9.8||
To purchase the Breckenridge, a seismic data acquisition company.
|E&P||3/24/2023||Energy Partners; Vitol||Delaware Basin Resources LLC; Stellus Capital Management||$1,500 - $2,000||
Acquired 46,000 surface acres in Reeves and Pecos counties, Texas, and currently averages production of approximately 40,000 boe/d.
|Renew||3/17/2023||ACEN; UPC Power Solutions LLC||GlidePath Power Solutions LLC||
To acquire eight operating wind projects in Texas with 136 megawatts of power generation.
|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.
Taking the Pulse of Older Reservoirs
2023-04-24 - Pulsed neutron logging service for cased hole environment can help operators understand where oil-water, gas-water contacts exist in aging reservoirs.
2023 E&P Meritorious Awards for Engineering Innovation
2023-04-13 - Hart Energy’s Meritorious Awards for Engineering Innovation recognizes 17 technologies for engineering excellence in the upstream petroleum industry and highlights new products and technologies that demonstrate innovation in concept, design and application.
Tech Trends: Halliburton Takes the Pulse of Older Reservoirs [WATCH]
2023-04-25 - In this week's Tech Trends, Hart Energy's Jaxon Caines talks how Halliburton's IntelliSat pulse neutron logging service makes taking the pulse of these reservoirs is now easier than ever.
Robotics, Tech, Toys: The 2023 OTC Tech Roundup
2023-05-09 - Vendors from around the world promoted their latest innovations, robotics and tech at the 2023 Offshore Technology Conference.
E&P Highlights: March 27, 2023
2023-03-27 - Here’s a roundup of the latest E&P headlines including new contract awards in the upstream oil and gas industry.