Source: HartEnergy.com

A&D DEAL SHEET

Sector  Date
Announced
 Buyer  Seller  Value
(US$MM)
 Comments
S&S 5/3/20 KLX Energy Services Holdings Inc. Quintana Energy Services Inc. N/A

To merge in an all-stock merger to form company providing production, completion and drilling solutions in all major US onshore oil and gas basins. (Expected to close 2H 2020)

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E&P 5/4/20 National Fuel Gas Co. Royal Dutch Shell Plc $541

To buy Shell's Appalachia shale position of upstream and midstream assets; includes roughly 450,000 net leasehold acres across PA with about 350 producing Marcellus and Utica wells located in Tioga County. (Expected to close July 31)

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E&P 5/4/20 HighPeak Energy Inc. Pure Acquisition Corp. N/A

To merge in a business combination with blank-check company Pure Acquisition forming a Midland Basin pure-play with 51,000-net-acre position primarily in Howard County, TX, more than 90% operated and anticipated net production of about 12,000 boe/d (more than 80% oil). (Expected to close 3Q 2020)

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Mid 5/5/20 Crestwood Equity Partners LP Plains All American Pipeline LP $160

Acquired several NGL storage and rail-to-truck LPG terminals located in high demand markets across the central and eastern US; include 7 MMbbl of NGL storage and 7 LPG. (Completed April 1; PSA signed February 2020)

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Mid 5/11/20 Global Energy Megatrend Ltd. LNG Ltd. $2.25

To purchase the Magnolia LNG project, a Gulf Coast export terminal being developed in Lake Charles, LA; includes transfer of 16 employees, patents and project debt. (Expected to close May 15)

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S&S 5/11/20 Undisclosed Precision Compression LLC; Post Oak Energy Capital LP N/A

Bought equity stake in Weatherford, TX-based Precision Compression in an all-cash transaction.

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E&P 5/11/20 Diversified Gas & Oil Plc EQT Corp. $125

To buy upstream and midstream Appalachia assets across PA and WV; includes about 900 net operated wells and 8,500 net acres HBP and prospective for future Marcellus and Utica development.

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E&P 5/11/20 Magnolia Oil & Gas Corp. Undisclosed $71.3

Bought certain nonoperated oil and natural gas assets located within the Eagle Ford Shale in Karnes and DeWitt counties, TX. (Completed February 2020)

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S&S 5/12/20 JD Fields & Co. Inc. Alameda Pipe & Steel Co. N/A

Purchased 85-year-old steel products manufacturer based in Gardena, CA.

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Mid 5/15/20 WaterBridge Resources LLC; Five Point Energy LLC Centennial Resource Development Corp. $225

Transaction terminated by Centennial for the acquisition of its southern Delaware Basin produced water infrastructure in Reeves County, TX. (PSA announced February 2020)

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For more up-to-date information on the latest deals visit Hart Energy’s online database of transactions.