A&D DEAL SHEET
|E&P||9/6/22||EQT Corp.||Tug Hill Inc.; XcL Midstream LLC; Quantum Energy Partners||$5,200||
To acquire THQ Appalachia I LLC (Tug Hill)'s upstream assets and THQ-XcL Holdings I LLC (XcL Midstream)'s gathering and processing assets, both backed by Quantum Energy Partners, in the Appalachian Basin offsetting existing West Virginia core leasehold. (Expected to close 4Q 2022)
|E&P||9/6/22||Sitio Royalties Corp.||Brigham Minerals Inc.||$4,800||
To acquire in an all-stock merger; combined company will consist of a total of 259,510 net royalty acres in the Permian Basin and other oil-focused regions.
|Mid||9/8/22||Williams Cos. Inc.||NorTex Midstream; Tailwater Capital||$423||
Bought NorTex Midstream, a fully contracted natural gas pipeline and storage asset in North Texas backed by Tailwater Capital.
|Mid||9/12/22||Antero Midstream Corp.||Crestwood Equity Partners LP||$205||
To purchase Crestwood’s Marcellus natural gas gathering and compression assets are located in the Appalachian Basin in Doddridge and Harrison Cos, WV; includes 72 miles of dry gas gathering pipelines and nine compressor stations with roughly 700 MMcf/d of compression capacity. (Expected to close 4Q 2022)
|Renew||9/12/22||CIM Group||MAS Energy LLC||N/A||
Acquired 100% of the renewable natural gas (RNG) development platform of MAS Energy, which will be renamed Terreva Renewables.
|E&P||9/12/22||Tamarack Valley Energy Ltd.||Deltastream Energy Corp.; ARC Financial Corp.||CA$1,425||
To buy privately held pure-play Clearwater oil producer, Deltastream, which is backed by ARC Financial. (Expected to close October)
|E&P||9/12/22||Topaz Energy Corp.||Deltastream Energy Corp.||$265.3||
To purchase a newly created 5% gross overriding royalty on all current and future oil production from Deltastream’s entire Clearwater acreage. (Expected to close Sept. 29)
|E&P||9/13/22||U.S. Energy Development Corp.||Undisclosed||$60||
Acquired three separate asset packages in the core of the Delaware Basin in the Permian region that includes partnering with operators in 17 new wells spanning a three-county area.
Purchased the Madrid-based company helps companies in the solar industry through use of automatization and optimization as well as digital technologies and analysis.
|E&P||9/15/22||SilverBow Resources Inc.||Undisclosed||$50||
Purchased through a series of transactions a 7,500 net-acre position in the dry gas Dorado play in Webb County, TX, with over 50 net drilling locations across the Austin Chalk and Eagle Ford formations; net recoverable resource is 650 Bcf and current net production is about 30 MMcf/d.
|Mid||9/19/22||Steel Reef Infrastructure Corp.||Summit Midstream Partners LP||$40||
Purchased the Bison Gas gathering system, located in Mountrail and Burke Cos., ND, serving Bakken and Three Forks gas producers in the Williston Basin.
|Mid||9/22/22||Momentum Midstream LLC; EnCap Flatrock Midstream||Midcoast Energy LLC; ArcLight Capital Partners LLC; Align Midstream LLC; Tailwater Capital LLC||N/A||
Bought Midcoast’s E TX business, a gathering and transportation system with 1.5 Bcf/d of current volume, and Align Midstream, which owns several gathering systems adjacent to Midcoast with current volumes of 600 MMcf/d.
|E&P||9/22/22||Talos Energy Inc.||EnVen Energy Corp.||$1,100||
To acquire private operator EnVen, which holds 78 MMboe of 2P reserves and 420,000 gross acres in the Gulf of Mexico.
|E&P||9/26/22||Decarbonization Plus Acquisition Corp.; Riverstone Holdings LLC||Hammerhead Resources Inc.; Riverstone Holdings LLC||CA$1,390||
To acquire Hammerhead, a Calgary, Alberta-based Montney Shale producer with a CCS program under development, in a business combination transaction that values it at CA$1.39 billion. (Expected to close 1Q 2023)
|Mid||9/27/22||Undisclosed||Kinder Morgan Inc.||$565||
To buy a 25.5% equity interest in Elba Liquefaction Co. LLC, which is a JV that owns the Elba liquefaction facility located on Elba Island in Chatham County, GA.
For more up-to-date information on the latest deals visit Hart Energy’s online database of transactions.
2022-12-02 - The Evolution Pipeline will total 230 miles of pipe in its water recycling system in the Midland Basin, XRI says.
2022-12-01 - Expro will provide integrated well services at Apache Corp.'s North Sea locations beginning in the fourth quarter of 2022.
2022-12-01 - OPEC pumped 710,000 bbl/d of oil less in November than October due to an output cut aimed at fighting recession concerns.
2022-12-01 - Diamondback Energy’s FireBird transaction is part of a duo of billion-dollar acquisitions in the Midland Basin the company announced in the fourth quarter.
2022-12-01 - Saudi Arabia’s energy minister said Saudi Aramco had discovered two new natural gas fields, Awtad and AlDahna, in the country’s eastern region.