(Source: Shutterstock.com)
A&D DEAL SHEET
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|
Sector |
Date Announced |
Buyer |
Seller |
Value (US$MM) |
Comments |
|
Mid |
6/1/19 |
Total SA |
Toshiba Corp. |
15 |
To buy Toshiba's US LNG business including Freeport LNG train 3 agreements that add 2.2 mtpa of LNG plus an $800 MM cash payment. (Expected to close by year-end 2019) |
|
E&P |
6/3/19 |
Dragon Oil Plc; Emirates National Oil Co. (ENOC) |
BP Plc |
N/A |
To purchase producing and exploration concessions in Egypt, including BP's interest in the Gulf of Suez Petroleum Co. (Expected to close 2H 2019) |
|
E&P |
6/3/19 |
Murphy Oil Corp. |
LLOG Exploration Co. LLC |
1,625 |
Acquired deepwater US GoM assets comprising 26 GoM blocks in the Mississippi Canyon and Green Canyon areas with 38,000 boe/d of current net production; includes up to $250 MM of contingency payments. (Completed; PSA announced April 2019) |
|
E&P |
6/4/19 |
Undisclosed |
Abraxas Petroleum Corp. |
15.5 |
Purchased certain nonoperated properties located in the Williston Basin in ND; represents roughly 5% of Abraxas' current Bakken daily production of 7,000 boe/d. (Completed; PSA announced May 6) |
|
Mid |
6/7/19 |
CNOOC Ltd. |
Novatek |
N/A |
To purchase 10% stake in Novatek's Arctic LNG 2 project, which contains the development and production of Utrenneye gas field and the construction and operation of three LNG trains. |
|
Mid |
6/10/19 |
Bridger Pipeline LLC |
Phillips 66 Co. |
N/A |
Formed 50/50 JV to build the $1.6 B Liberty pipeline to transport crude from the Rockies and Bakken to Gulf Coast markets. |
|
E&P |
6/10/19 |
CNOOC Ltd. |
Encana Corp. |
N/A |
To divest its China assets by terminating its PSC covering offshore operations and handing over operations to CNNOC. (Expected to close July 31) |
|
E&P |
6/10/19 |
Comstock Resources Inc. |
Covey Park Energy LLC; Denham Capital Management LP |
2,200 |
To acquire 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. (Expected to close by July 31) |
|
Mid |
6/10/19 |
Hartree Bulk Storage LLC; Hartree Partners LP; Oaktree Capital Management LP |
Martin Midstream Partners LP |
215 |
To buy Gulf Coast natural gas storage assets with 50 billion cubic feet of working capacity in N LA and MS. (Expected to close 2Q 2019) |
|
Mid |
6/10/19 |
Plains All American Pipeline LP |
Phillips 66 Co. |
N/A |
Formed 50/50 JV to construct the $2.5 B Red Oak pipeline transporting Permian crude from Cushing, OK, to TX Gulf Coast markets. |
|
E&P |
6/11/19 |
Occidental Petroleum Corp. |
Amerisur Resources Plc |
N/A |
Bought 50% participation interest in four E&P blocks in the jungle region of the Putumayo province in southern Colombia through a partnership. |
|
Source: Hart Energy |
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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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