A&D DEAL SHEET
|
|||||
|
Sector |
Date Announced |
Buyer |
Seller |
Value (US$MM) |
Comments |
|
E&P |
5/13/19 |
Equinor ASA |
Royal Dutch Shell Plc; Shell Offshore Inc. |
965 |
To acquire, through an exercise of preferential rights, an additional 22.45% interest in the Caesar Tonga deepwater US GoM field within the Green Canyon area; boosts Equinox's interest to 46% from 23.55%. |
|
Mid |
5/13/19 |
Shell Midstream Partners LP |
Royal Dutch Shell Plc |
800 |
To buy in a dropdown additional interests in the Explorer and Colonial systems, which have the capacity to deliver some 3 MM bbl/d of refined products. (Expected to close 2Q 2019) |
|
Mid |
5/14/19 |
NGL Energy Partners LP |
Mesquite Disposals Unlimited LLC; Mesquite SWD Inc. |
890 |
To acquire the Northern Delaware Basin-focused produced water disposal company through a combination of Permian assets in Eddy and Lea counties, NM, and Loving County, Texas. (Expected to close July 2019) |
|
E&P |
5/14/19 |
Spur Energy Partners LLC; KKR & Co. Inc. |
Percussion Petroleum LLC; Carnelian Energy Capital Management LP |
N/A |
To acquire Permian Northwest Shelf assets within the core of the Yeso formation in Eddy and Lea counties, NM, comprising 22,000 net acres and interests in roughly 380 gross producing wells plus associate water and midstream assets; produced 9,200 net boe/d (85% liquids) during 1Q 2019. (Expected to close 2Q 2019) |
|
S&S |
5/14/19 |
Wellbore Integrity Solutions; Rhône Group LLC |
Schlumberger Ltd. |
400 |
To purchase the businesses and associated assets of DRILCO, Thomas Tools, and Fishing & Remedial services, along with part of a manufacturing facility located on Rankin Road in Houston. |
|
E&P |
5/16/19 |
Highwood Oil Co. Ltd. |
Obsidian Energy Ltd. |
CAD93.8 |
To buy oil assets in the Peace River Oil region of N Alberta in Canada comprising 55% operated WI in the Peace River Oil Partnership. (Expected to close by July 31) |
|
Mid |
5/17/19 |
GIC Private Ltd. |
Five Point Energy LLC; WaterBridge Resources LLC |
N/A |
Acquired a 20% minority equity stake in WaterBridge, a Houston-based water midstream company with growing positions in the Permian's Delaware Basin and the Arkoma Basin; transaction implies a roughly $2.8 B enterprise value. |
|
E&P |
5/20/19 |
Red Wolf Natural Resources LLC; Pearl Energy Investments |
Undisclosed |
N/A |
Purchased roughly 56,000 net acres and associated production in OK Scoop, Stack and Merge shale plays as well as the broader Anadarko Basin; includes infrastructure and midstream agreements. |
|
Mid |
5/21/19 |
Bison Oilfield Services LLC |
Cobalt Environmental Solutions LLC; Blue Sage Capital |
N/A |
Purchased Cobalt, a water disposal business in the Scoop and Merge plays of OK's Anadarko Basin. |
|
Mid |
5/21/19 |
Plains All American Pipeline LP |
CVR Energy Inc. |
36 |
Bought a 1.5 million-barrel crude oil terminal located in Cushing, OK. |
|
Source: Hart Energy |
|||||
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
Freehold Closes $182MM Acquisition of Midland Basin Interests
2024-12-16 - Freehold Royalties’ acquisition from a private seller includes around 1,300 boe/d of net production and 244,000 gross drilling acres largely operated by Exxon Mobil and Diamondback Energy.
Coterra Notches Year-End Permian Deal for $43MM
2024-12-31 - Coterra Energy will buy an additional 1,650 net royalty acres from Sandia Minerals LLC, the interests of which are owned by Franklin Mountain Royalty Investments, for $43 million.
US Energy Development Corp. Plans $1B Spend, Largely in Permian
2025-02-03 - U.S. Energy Development Corp. is planning to spend up to $1 billion across the Lower 48 this year, with most budgeted for the Permian Basin.
After Big, Oily M&A Year, Upstream E&Ps, Majors May Chase Gas Deals
2025-01-29 - Upstream M&A hit a high of $105 billion in 2024 even as deal values declined in the fourth quarter with just $9.6 billion in announced transactions.
Diamondback Acquires Permian’s Double Eagle IV for $4.1B
2025-02-18 - Diamondback Energy has agreed to acquire EnCap Investments-backed Double Eagle IV for approximately 6.9 million shares of Diamondback and $3 billion in cash.
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.