Source: HartEnergy.com

A&D DEAL SHEET
Sector  Date
Announced		  Buyer  Seller  Value
(US$MM)		  Comments
E&P 4/20/20 Kimbell Royalty Partners LP Springbok Energy Partners LLC; Natural Gas Partners LP $123.1

Acquired the mineral and royalty interests held by NGP-backed Springbok and its affiliates, adding interests in the Permian's Delaware Basin, Eagle Ford Shale, Bakken, Haynesville, Stack Play and D-J Basin; consideration comprised of $95 MM cash and Kimbell stock. (Completed; PSA announced January 2020)

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E&P 4/23/20 Total SA Tullow Oil Plc $575

To buy Tullow’s roughly 33.3% stake in the Uganda Lake Albert onshore development project including the East African Crude Oil Pipeline. (Expected to close 2H 2020)

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E&P 4/27/20 Hilcorp Energy Co. BP Plc $5,600

Renegotiated structure and phasing of payments for purchase of BP’s entire upstream and midstream business in AK; includes 26% WI and operatorship of Prudhoe Bay plus the Trans Alaska Pipeline System. (Expected to close June)

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Mid 4/29/20 Ontario Power Generations Inc. TC Energy Corp. $2,870

Bought the 683-MW Halton Hills power plant, the 900-MW Napanee generating station that is nearing completion and TC Energy's 50% stake in the 550-MW Portlands Energy Centre, all located in Ontario, Canada. (Completed; PSA announced July 2019)

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Mid 4/30/20 Macquarie Capital Principal Finance Multifuels Midstream Group LLC; Warren Equity Partners N/A

Acquired a majority stake in Multifuels Midstream Group LLC, a differentiated power and utility infrastructure platform focused on lateral natural gas pipelines and related assets in the US.

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S&S 4/30/30 Intrepid Directional Drilling Specialists Ltd. Gyrodata Inc. N/A

Purchased Gyrodata’s directional drilling business, including personnel and high-performance drilling motors and MWD tools.

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S&S 5/1/20 KPS Capital Partners LP Baker Hughes Co. N/A

To acquire the Lufkin rod lift solutions business headquartered in Missouri City, TX. (Expected to close mid-year 2020)

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