Source: HartEnergy.com

A&D DEAL SHEET

Sector  Date
Announced
 Buyer  Seller  Value
(US$MM)
 Comments
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)

MORE

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.

MORE

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)

MORE

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.

MORE

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)

MORE

Mid 5/25/20 KKR & Co. Inc.; Alberta Investment Management Corp. (AIMCo) TC Energy Corp. CA$2,100

Bought a 65% Coastal GasLink stake, which will move gas in Canada from NE British Columbia to the Pacific Coast. (Completed; PSA announced December 2019)

MORE

E&P 5/26/20 Diversified Gas & Oil Plc EQT Corp. $125

Bought 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. (Completed; PSA announced May 11)

MORE

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