A&D DEAL SHEET
|
|||||
|
Sector |
Date |
Buyer |
Seller |
Value |
Comments |
|
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. |
|
E&P |
8/12/19 |
Vermilion Cliffs Partners LLC |
Undisclosed |
N/A |
Purchased a 30-well package within the Permian Basin located across NM and TX. |
|
S&S |
8/14/19 |
TGS-NOPEC Geophysical Co. |
Spectrum ASA |
422 |
Acquired Norwegian multiclient seismic data provider with offices in Norway, the UK, US, Brazil, Egypt, Australia, Indonesia and Singapore. (Completed; PSA announced May) |
|
Mid |
8/15/19 |
Tidewater Midstream and Infrastructure Ltd. |
Pipestone Energy Corp. |
CA$30 |
Purchased 100% WI in Pipestone East Batter, a strategic 30 MMcf/d raw gas compression, 5,400 bbl/d condensate handling and associated water disposal battery within the Montney in Alberta, Canada. (Completed; PSA announced July) |
|
S&S |
8/16/19 |
Hunting Plc |
RTI Energy Systems Inc.; Arconic Inc. |
12.5 |
Purchased RTIES, a Houston-based manufacturer of production riser technologies for deepwater applications within the offshore oil and gas industry historically focused on the US GoM. |
|
S&S |
8/19/19 |
Hurricane Services Inc. |
Quintana Energy Services Inc. |
4.4 |
Acquired legacy conventional pressure pumping operations in KS and OK including 12,000 app across five facilities in the Midcontinent region plus 26 personnel. |
|
Down |
8/19/19 |
Motiva Enterprises LLC; Saudi Aramco |
Flint Hills Resources LLC |
N/A |
To buy the Flint Hills Resources chemical plant adjacent to its Port Arthur, TX, oil refinery. (Expected to close late 2019) |
|
Source: HartEnergy.com |
|||||
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.
Recommended Reading
Shale Outlook Uinta: Horizontal Boom to Continue in 2025
2025-01-11 - After two large-scale transactions by SM Energy and Ovintiv, the Uinta Basin is ready for development—and stacked pay exploration.
TotalEnergies, FERC Reach Agreement in Long-Running Case
2025-01-10 - TotalEnergies will pay $5 million to settle a case where neither the company nor the government says they were wrong.
Kimmeridge Texas Gas Prices $500MM in Senior Notes Offering
2025-01-09 - Kimmeridge Texas Gas said the senior unsecured notes will be used to repay a portion of outstanding revolver borrowings and support the buildout of the company.
Ameren’s Huck Finn Solar Project Begins Commercial Operations
2025-01-09 - Ameren Missouri’s Huck Finn Renewable Energy Center commenced solar operations in December to service Audrain and Ralls counties, Missouri.
US NatGas Prices Retreat From 2-Year Peak on Forecasts of Less Cold
2024-12-26 - U.S. natural gas futures fell more than 5% on Dec. 26 from a near two-year high in holiday-thinned trade.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.