Other notable deals from the past week include a midstream deal in the Bakken plus a noncore asset sale in the Midland Basin by Pioneer Natural Resources. (Source: Hart Energy/Shutterstock.com)
A&D DEAL SHEET
|
|||||
|
Sector |
Date |
Buyer |
Seller |
Value |
Comments |
|
S&S |
8/1/19 |
Aceton Group Ltd. |
Proserv Group Inc. |
N/A |
Purchased Proserv's field technology services business unit with bases in Norway, Singapore, Aberdeen and in the USA in Houma, LA; includes 177 employees. (Completed; PSA announced July 8) |
|
Mid |
8/1/19 |
UGI Energy Services LLC; UGI Corp. |
TC Energy Corp. |
$1,275 |
Purchased the Columbia Midstream Group subsidiary, which owns five gathering systems in the SW core of the Appalachian Basin comprising 240 miles of pipeline and 2,675,000 MMBtu/d of capacity. (Completed; PSA announced July) |
|
E&P |
8/1/19 |
Undisclosed |
Gulfport Energy Corp. |
$54 |
Bought S LA assets with net production averaged 1,500 boe/d; Gulfport retained ORRI. (Closed July 3) |
|
E&P |
8/2/19 |
Alliance Resource Partners LP |
Wing Resources LLC; Natural Gas Partners LP (NGP) |
$145 |
Bought oil and gas mineral interests in the Permian Basin from Dallas-based Wing, which holds more than 200,000 gross acres with interest in over 4,000 wells throughout the Midland and Delaware basins. (Completed; PSA announced June) |
|
Mid |
8/5/19 |
Delek US Holdings LP; MPLX LP; Rattler Midstream LP |
Exxon Mobil Corp.; Lotus Midstream LLC; Plains All American Pipeline LP |
N/A |
Acquired stakes in the Wink to Webster crude oil pipeline project serving Permian Basin producers in W TX; Delek US purchased a 15% ownership interest ranging from $340 MM to $380 MM. |
|
E&P |
8/6/19 |
Amplify Energy Corp. |
Midstates Petroleum Co. Inc. |
$512 |
Acquired Midstates through a merger; combined company portfolio includes CA, E TX/N LA, S TX's Eagle Ford and OK's Mississippian Lime. (Completed; PSA announced May) |
|
Mid |
8/6/19 |
Caliber Midstream Holdings LP; Triangle Petroleum Corp.; BlackRock Inc. |
American Midstream Partners LP; ArcLight Capital Partners LLC |
N/A |
Purchased crude oil gathering and pipeline transportation system in McKenzie County, ND, serving Bakken shale producers within the Williston Basin. |
|
S&S |
8/6/19 |
Drillinginfo Inc. |
RigData; S&P Global Platts |
N/A |
Purchased RigData, a service provider supplying customers in North America with daily electronic reports on drilling permits, activity and rig locations in the US, GoM and Canada. |
|
S&S |
8/6/19 |
Profire Energy Inc. |
Midflow Services LLC |
$6.5 |
Bought Millersburg, OH-based Midflow Services, which specializes in upstream and midstream oil and gas production equipment. (Closed Aug. 5) |
|
E&P |
8/6/19 |
Undisclosed |
Pioneer Natural Resources Co. |
$38 |
Acquired certain vertical wells and roughly 1,900 undeveloped net acres in Martin County, TX, within the Permian's Midland Basin. (Closed June 2019) |
|
E&P |
8/6/19 |
Undisclosed |
Pioneer Natural Resources Co. |
$27 |
Bought certain vertical wells and roughly 1,400 undeveloped net acres in Martin County, TX, within the Permian's Midland Basin. (Closed July 2019) |
|
Mid |
8/7/19 |
Qatar Investment Authority (QIA) |
Stonepeak Infrastructure Partners Co.; Oryx Midstream Services LLC |
$550 |
Purchased a significant stake in Oryx Midstream Services, the largest privately-held midstream crude operator in the Permian Basin based in Midland, TX. |
|
E&P |
8/8/19 |
Occidental Petroleum Corp. |
Anadarko Petroleum Corp. |
$55,000 |
Acquired The Woodlands, TX-based independent producer with a portfolio of international assets including 600,000 gross acres in the Permian's Delaware Basin; stock-and-cash transaction includes assumption of debt. (Completed; PSA announced May) |
|
Mid |
8/8/19 |
Undisclosed |
NGL Energy Partners LP |
$300 |
To buy TransMontaigne Product Services and associated SE refined products assets; comprises exclusive rights to 18 terminals including two in GA plus line space along Colonial and Plantation pipelines. (Expected to close during second fiscal quarter) |
|
Mid |
8/12/19 |
Undisclosed |
Martin Midstream Partners LP |
$17.5 |
To purchase an E TX pipeline consisting of 200-mile NGL pipe from Kilgore, TX, to Beaumont, TX. |
|
Source: HartEnergy.com |
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For more up-to-date information on the latest deals visit Hart Energy’s online database of transactions.
Emily Patsy can be reached at epatsy@hartenergy.com.
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