A&D DEAL SHEET |
|||||
Sector | Date Announced | Buyer | Seller | Value (US$MM) | Comments |
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. |
E&P | 3/3/2023 | Equinor | Suncor Energy | $850 |
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. |
Recommended Reading
US Raises Crude Production Growth Forecast for 2024
2024-03-12 - U.S. crude oil production will rise by 260,000 bbl/d to 13.19 MMbbl/d this year, the EIA said in its Short-Term Energy Outlook.
US Drillers Cut Oil, Gas Rigs for Fourth Week in a Row-Baker Hughes
2024-04-12 - The oil and gas rig count, an early indicator of future output, fell by three to 617 in the week to April 12, the lowest since November.
US Gas Rig Count Falls to Lowest Since January 2022
2024-03-22 - The combined oil and gas rig count, an early indicator of future output, fell by five to 624 in the week to March 22.
US Drillers Add Oil, Gas Rigs for First Time in Five Weeks
2024-04-19 - The oil and gas rig count, an early indicator of future output, rose by two to 619 in the week to April 19.
US Drillers Cut Oil, Gas Rigs for Third Week in a Row
2024-04-05 - The oil and gas rig count, an early indicator of future output, fell by one to 620 in the week to April 5, the lowest since early February.