A&D DEAL SHEET
|Mid||10/21/21||EagleClaw Midstream; I Squared Capital; Blackstone Energy Partners LP||Altus Midstream Co.; Apache Corp.||N/A||
Agreed to an all-stock business with Altus Midstream that will create the largest pure-play midstream company in the Permian Basin focused primarily in the southern Delaware Basin in W TX. (Expected to close 1Q 2022)
|E&P||10/21/21||Oasis Petroleum Inc.||Diamondback Energy Inc.||$745||
Acquired Diamondback’s Williston Basin asset in the Bakken comprising approximately 95,000 net acres with estimated net production of 25,000 boe/d for full-year 2021. (Completed; PSA announced May 2021)
|Mid||10/21/21||Rattler Midstream LP||Diamondback Energy Inc.||$160||
To purchase certain water midstream assets through a dropdown, consisting primarily of produced water gathering and disposal systems, produced water recycling facilities and sourced water gathering and storage assets. (Expected to close 4Q 2021)
|S&S||10/22/21||ProFrac Holdings LLC||FTS International Inc.||$407.5||
To acquire Fort Worth, TX-based FTS for $26.52 per share in an all-cash transaction set to create the largest completions focused service companies in the US oil and gas industry. (Expected to close 1Q 2022)
|S&S||10/25/21||Wilks Brothers LLC||Dawson Geophysical Co.||N/A||
To buy the Midland, TX-based provider of onshore seismic data acquisition services in both Canada and the Lower 48 through a tender offer for all of its outstanding common shares for $2.34 per share in cash. (Expected to close 4Q 2021)
|Mid||10/26/21||Crestwood Equity Partners LP||Oasis Midstream Partners LP; Oasis Petroleum Inc.||$1,800||
To acquire Oasis Petroleum’s midstream affiliate with assets are located in the heart of the oil-rich Bakken and Permian basins; equity and cash transaction includes assumption of $660 MM in outstanding debt. (Expected to close 1Q 2022)
|Mid||10/27/21||Phillips 66 Co.||Phillips 66 Partners LP||$3,400||
To buy remaining Phillips 66 Partners units not already owned as part of an all-stock, MLP simplification transaction. (Expected to close 1Q 2022)
|E&P||11/1/21||Chesapeake Energy Corp.||Vine Energy Inc.; Blackstone Energy Partners LP||$2,200||
Acquired Vine, an energy company focused on the development of natural gas properties in the overpressured stacked Haynesville and Mid-Bossier shale plays in NW LA. (Completed; PSA announced August 2021)
|E&P||11/1/21||Civitas Resources Inc.; Bonanza Creek Resources Inc.||Extraction Oil & Gas Inc.||$1,400||
Acquired through an all-stock merger, forming Civitas Resources, with approximately 425,000 net acres in CO’s D-J Basin, a production base of 117,000 boe/d and aggregate enterprise value of $2.6 B. (Completed; PSA announced May 2021)
|E&P||11/1/21||Civitas Resources Inc.||Crestone Peak Resources LLC; Canada Pension Plan Investment Board||N/A||
Acquired privately held Crestone Peak in an all-stock transaction; pro forma company will operate across more than half a million net acres in the D-J Basin with estimated production base of approximately 160,000 boe/d and year-end 2020 proved reserves of more than 530 million boe. (Completed; PSA announced June 2021)
|E&P||11/1/21||PHX Minerals Inc.||Undisclosed||$1.2||
Bought approximately 220 net royalty acres located primarily in OK’s Stephens County in the same area of the SCOOP Springboard III play.
|E&P||11/1/21||Undisclosed||PHX Minerals Inc.||$2.1||
Purchased package of 499 nonoperated legacy working interest wellbores located in AR’s Fayetteville Shale; mineral rights not included in transaction.
For more up-to-date information on the latest deals visit Hart Energy’s online database of transactions.
2022-12-06 - The company doesn’t mince words, whether it’s calling out “unsavory, unethical and dishonest mineral shops,” lowball offers or celebrating its wins over its better-capitalized competitors.
2022-10-19 - Here’s a quicklist of oil and gas assets on the market including the sale of producing mineral and royalty assets in core positions across the Lower 48 including the Permian Basin, Williston, Eagle Ford, Marcellus and the Midcontinent being marketed by EnergyNet Indigo for a private seller.
2022-10-26 - Here’s a quicklist of oil and gas assets on the market including Arkoma Drilling’s portfolio of Haynesville assets in North Louisiana plus the Gungnir Resources prospect in the northern D-J Basin in Wyoming.
2022-10-12 - Here’s a quicklist of oil and gas assets on the market including the sale of certain nonoperated working interest properties in Henry Resources’ Melinda Lease in the Midland Basin in Upton County, Texas.
2022-09-21 - Here’s a quicklist of oil and gas assets on the market including EOG Resources Texas Panhandle properties plus an Apache Corp. Gulf of Mexico Shelf nonop opportunity.