A&D DEAL SHEET |
|||||
|---|---|---|---|---|---|
| Sector | Date Announced |
Buyer | Seller | Value (US$MM) |
Comments |
| S&S | 11/7/22 | Mesquite Technologies Inc. | OspreyData Inc. | N/A |
Acquired OspreyData, an artificial lift production optimization software company headquartered in Austin, TX. |
| E&P | 11/7/22 | Undisclosed | Diamondback Energy Inc. | $155 |
Purchased approximately 3,250 net acres in the Delaware Basin (noncore to Diamondback), with net production of about 550 bbl/d of oil (800 boe/d). |
| Renew | 11/9/22 | Chart Industries | Howden; KPS Capital Partners LP | $4,400 |
To acquire Howden, a leading global provider of mission critical air and gas handling products and services. (Expected to close 1H 2023) |
| E&P | 11/10/22 | Pantheon Resources Plc | State of Alaska | $4.3 |
Purchased approximately 40,000 acres in the State of Alaska's North Slope Areawide Lease sale with winning bids average $28 per acre. |
| Renew | 11/15/22 | BlackRock Alternatives | Jupiter Power LLC; EnCap Investments LP | N/A |
To buy Austin, TX-based operator and developer of stand-alone, utility-scale battery energy storage systems Jupiter Power. (Expected to close in late 2022) |
| E&P | 11/15/22 | TotalEnergies SE; ConocoPhillips Co. | Hess Corp. | N/A |
Purchased Hess’ 8.16% interest in the Waha Concession in Libya in equal shares; increases TotalEnergies’ interest in the Waha Concessions increased to 20.41% from 16.33%. (Completed; PSA announced November 2021) |
| E&P | 11/16/22 | Diamondback Energy Inc. | Lario Permian LLC; Lario Oil & Gas Co. | $1,550 |
To acquire all leasehold interest and related assets of Lario Permian, adding approximately 25,000 gross (15,000 net) acres and over 150 gross locations in the core of the northern Midland Basin in Martin and Midland counties, TX. (Expected to close January 2023) |
| Renew | 11/17/22 | Chevron Corp. | Beyond6 LLC; Mercuria Energy Trading | N/A |
To buy full ownership of Beyond6 and its network of 55 compressed natural gas (CNG) stations across the US. |
| E&P | 11/22/22 | IOG Resources II LLC | Seneca Resources; National Fuel Gas | N/A |
Purchased producing gas assets in the Appalachian Basin operated by Seneca; consists of nonoperated wellbores primarily located in Clearfield, Elk and McKean Cos., PA, currently production about 17 MMcf/d net. |
| Renew | 11/28/22 | Shell Plc | Nature Energy Biogas | $2,000 |
To purchase Nature Energy Biogas, the largest producer of renewable natural gas (RNG) in Europe, from Nature Energy’s consortium of investors—hedge fund Davidson Davidson Kempner Capital Management LP, Pioneer Point Partners and Sampension. (Expected to close 1Q 2023) |
For more up-to-date information on the latest deals visit Hart Energy’s online database of transactions.
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