Source: HartEnergy.com

A&D DEAL SHEET

Sector  Date
Announced
 Buyer  Seller  Value
(US$MM)
 Comments
E&P 8/31/20 Whitecap Resources Inc. NAL Resources Ltd. C$155

To buy NAL Resources, which has oil and gas operations in Alberta and Saskatchewan and is currently producing approximately 27,000 boe/d (55% oil and NGL). (Expected to close January 2021)

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S&S 9/1/20 Liberty Oilfield Services Inc. Schlumberger Ltd.; OneStim N/A

To purchase OneStim, Schlumberger’s North America fracking business that includes pressure pumping, pumpdown perforating, and Permian frac sand assets; in exchange, Schlumberger will receive a 37% equity interest in the combined company. (Expected to close 4Q 2020)

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E&P 9/1/20 Ovintiv Inc. PetroChina Co. Ltd. N/A

Acquired a consolidated interest in approximately 250,000 net acres in the Duvernay Shale play in Alberta after ending JV; includes average net production of 13,000 boe/d (43% liquids).

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E&P 9/7/20 Undisclosed Sumitomo Corp. N/A

Purchased 30% stake in Marcellus Shale project, which is the currently owned and operated by PennEnergy Resources.

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Mid 9/9/20 Black Bear Transmission LLC; Basalt Infrastructure Partners LLP Third Coast Midstream LLC N/A

Purchased a portfolio of natural gas transmission assets that includes six intrastate natural gas pipelines spanning approximately 1,400 miles in AL, LA and MS with  total capacity of more than 800 MMcf/d. (Completed; PSA announced June 2020)

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Mid 9/9/20 Pin Oak Midstream LLC Laurel Mountain Midstream LLC; Williams Cos. Inc.; Chevron Corp. N/A

Bought the Jackson Center assets comprised of natural gas gathering pipelines and compressor stations in the Appalachian Basin in NW PA.

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E&P 9/9/20 Royal Dutch Shell Plc Kosmos Energy Ltd. $200

To buy participating interest in select frontier exploration assets including blocks offshore São Tomé & Príncipe, Suriname, Namibia and South Africa; consideration comprises $100 MM upfront cash payment and future contingent payments of up to $100 MM. (Expected to close 4Q 2020)

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Renewable 9/10/20 BP Plc Equinor ASA $1,100

To acquire a 50% interest in both the Empire Wind and Beacon Wind assets located on the US East Coast; includes new strategic partnership to jointly develop offshore wind projects in the US. (Expected to close early 2021)

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E&P 9/10/20 Northern Oil and Gas Inc. Undisclosed $11.9

Acquired nonoperated interests within the Permian's Delaware sub-basin; includes acreage and proposed wells in Lea County, NM, operated by EOG Resources.

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S&S 9/10/20 Pelican Energy Partners LP Baker Hughes Co. N/A

To buy the surface pressure control (SPC) flow business unit with operations in the U.S., Australia, Papua New Guinea and Trinidad & Tobago. (Expected to close 4Q 2020)

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