A&D DEAL SHEET

Sector

Date
Announced

Buyer

Seller

Value
(US$MM)

Comments

E&P

7/15/19

BCE-Mach II LLC; Mach Resources LLC; Bayou City Energy Management LLC

Undisclosed

N/A

To buy producing properties within the Western Anadarko Basin spanning Beckham, Custer, Dewey, Roger Mills and Washita counties, OK, and Hemphill and Roberts counties, TX. (Expected to close September)

MORE

E&P

7/15/19

BCE-Mach II LLC; Mach Resources LLC; Bayou City Energy Management LLC

Undisclosed

N/A

To buy producing properties within the Western Anadarko Basin across 32 OK counties and 7 TX counties. (Expected to close September)

MORE

E&P

7/15/19

Callon Petroleum Co.

Carrizo Oil & Gas Inc.

3,200

To acquire Houston-based Carrizo in an all-stock transaction including assumption of $1.96 B net debt and preferred stock; includes Permian Basin and Eagle Ford oil-weighted positions. (Expected to close 4Q 2019)

MORE

S&S

7/15/19

Drilling Tools International Inc.; Hicks Equity Partners LLC

WellFence LLC

N/A

Acquired Houston-based WellFence, which provides patented data automation systems and credentialed wellsite access services for oil and gas drilling, completion and production locations.

MORE

E&P

7/16/19

Comstock Resources Inc.

Covey Park Energy LLC; Denham Capital Management LP

2,200

Acquired the Dallas-based privately held independent backed by Denham Capital with properties in the Haynesville and Bossier shale plays of N LA and E TX; includes assumption of debt and retirement of preferred units. (Completed; PSA announced June 10)

MORE

S&S

7/17/19

Arcline Investment Management LP

Baker Hughes, a GE company, LLC

N/A

To acquire the reciprocating compression division of Baker Hughes that which makes and services industrial engines and compressors built into natural gas pipelines; includes TX and KS facilities.

MORE

E&P

7/17/19

Undisclosed

Sundance Energy Australia Ltd.

30

To purchase Dimmit County, TX assets comprised of 19 gross producing wells in the Eagle Ford Shale an about 6,100 net acres; averaged 1,051 boe/d sales volumes in 1Q 2019. (Expected to close September)

MORE

E&P

7/18/19

Kimmeridge Energy Management Co. LLC

Desert Royalty Co. LLC

N/A

To acquire Delaware Basin minerals position in merger forming Desert Peak Minerals which will have over 70,000 net royalty acres on a 1/8th royalty-adjusted basis across W TX and SE NM.

MORE

E&P

7/18/19

Undisclosed; Presidio Petroleum LLC/Morgan Stanley Energy Partners

Apache Corp.

612

Purchased in two, separate transactions closing May and July western Anadarko Basin assets in KS, OK and TX representing Apache's exit from the Scoop/Stack play; production averaged 33 Mboe/d in 3Q 2019 (about 90% natgas and NGL). (Presidio was buyer in July transaction)

MORE

E&P

7/19/19

Franco-Nevada Inc.

Range Resources Corp.

300

To buy a 2% proportionately reduced ORRI in 350,000 net surface acres in SW Appalachia and applies to existing for future Marcellus, Utica and Upper Devonian development; Franco-Nevada is one of two buyers. (Expected to close July)

MORE

E&P

7/19/19

Undisclosed

Range Resources Corp.

300

To buy a 2% proportionately reduced ORRI in 350,000 net surface acres in SW Appalachia and applies to existing for future Marcellus, Utica and Upper Devonian development; Franco-Nevada is one of two buyers. (Expected to close July)

MORE

E&P

7/19/19

Undisclosed

Range Resources Corp.

34

Purchased certain non-producing acreage in NW Armstrong County, PA, within the Appalachian Basin that included about 20,000 acres. (Closed June)

MORE

E&P

7/23/19

Colony HB2 Energy; Colony Capital Inc.

California Resources Corp.

500

Formed JV to develop Elk Hills Field located within the San Joaquin Basin in Kern County, CA; initially commitment of $320 MM could be increased to $500 MM, subject to mutual agreement.

MORE

Source: HartEnergy.com