A&D DEAL SHEET

Sector

Date
Announced

Buyer

Seller

Value
(US$MM)

Comments

E&P

11/4/19

Contango Oil & Gas Co.

White Star Petroleum LLC

$132.5

Acquired the assets of White Star and certain affiliates comprising about 314,000 net acres in OK's Stack, Anadarko Basin and Cherokee plays with average production of 15,000 boe/d. (Completion; PSA announced September 2019)

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E&P

11/4/19

MOL Plc

Chevron Corp.

$1,570

To buy Chevron's stake in a giant oil field in Azerbaijan; includes stakes in the BP-operated field in the Caspian Sea and a pipeline transporting crude in the Mediterranean.

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S&S

11/4/19

Premier Oilfield Group LLC; Quantum Energy Partners

Global Drilling Support

N/A

To buy Houston, TX-based independent provider of tailored, “one-stop-shop” aftermarket solutions for both third-party. (Expected to close 1Q 2020)

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S&S

11/4/19

SitePro Inc.

Integrated Control Solutions

N/A

Purchased the Midland, TX-based provider of automation systems and software for the oil and gas industry specializing in saltwater disposal automation, fresh and brine stations and similar fluid management facilities.

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Mid

11/5/19

QL Capital Partners LP

Devon Energy Corp.

$100

Formed a midstream JV to fund the build out of the Cotton Draw gathering system and compression assets within the Delaware Basin in NM.

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E&P

11/5/19

Laredo Petroleum Inc.

Cordero Energy Resources

$130

To acquire 7,360 net acres (96% operated) and 750 net royalty acres of largely undeveloped leasehold within the Midland Basin in Howard County, TX. (Expected to close in December)

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Mid

11/6/19

Gravity Oilfield Services Inc.; Clearlake Capital Group LP

On Point Oilfield Holdings LLC; White Dear Energy LP

N/A

To buy Austin, TX-based On Point, a contracted produced water midstream company focused on gathering and disposal operations in the Permian's Midland Basin.

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Mid

11/6/19

Kinder Morgan Inc.

Southcross Energy Partners LP

$76

Purchased natural gas pipeline assets owned by Southcross Energy, including the Corpus Christi Pipeline Network and Bay City Lateral.

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Mid

11/6/19

Magnolia Infrastructure Holdings LLC

Southcross Energy Partners LP

$31.5

Bought pipelines and related assets that Southcross Energy owns in Mississippi and Alabama.

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E&P

11/6/19

Marathon Oil Corp.

Rocky Creek Resources LLC; Boomtown Oil LLC; Juniper Capital Advisors LP; Delago Resources LLC

$185

To acquire 18,000 contiguous and largely undeveloped net acres adjacent to Marathon's existing NE Eagle Ford leasehold; includes 7,000 net boe/d of current production and associated midstream infrastructure. (Expected to close Jan. 31)

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E&P

11/6/19

Marathon Oil Corp.

Undisclosed

$106

To purchase about 40,000 net acres in Ward and Winkler counties, TX, establishing a new Delaware Basin oil play in the Permian. (Expected to close 4Q 2019)

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Mid

11/6/19

Noble Energy Inc.

Eastern Mediterranean Gas Co.

$185

Purchased a 39% equity interest in the EMG Pipeline used to transport natural gas volumes into Egypt from the Tamar and Leviathan fields in Israel.

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E&P

11/7/19

Repsol SA

Equinor ASA

$325

To buy Equinor’s 63% interest in its Eagle Ford JV with Repsol, covering 69,000 net acres in S TX; includes operatorship.

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E&P

11/7/19

Repsol SA

Equinor ASA

N/A

To acquire a 20% nonoperated interest in the Monument prospect that Equinor is drilling in the Northwest Walker Ridge area in the US GoM.

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E&P

11/7/19

Undisclosed

Diversified Gas & Oil Plc

$10

Bought non-producing Appalachian Basin assets DGO recently acquired in Monroe County, OH.

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E&P

11/7/19

Undisclosed

Riviera Resources Inc.

$18.5

To purchase interests in properties located in the Overton Field of E TX. (Expected to close 1Q 2020)

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Mid

11/8/19

Starwood Energy Group Global LLC

Third Coast Midstream LLC

N/A

To buy Third Coast Midstream's gas gathering infrastructure located within the Eagle Ford Shale in Lavaca County, TX; includes over 260 miles of natural gas gathering pipes and associated infrastructure.

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E&P

11/8/19

Undisclosed

Painted Pony Energy Ltd.

C$45

Bought a 75% WI in 11,280 gross (8,460 net) acres in the NE British Columbia Montney. (Completed; PSA announced October 2019)

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E&P

11/11/19

Ithaca Energy Ltd.; Delek Group Ltd.

Chevron Corp.

$2,000

Purchased the Chevron North Sea subsidiary and its assets, which includes interests in 11 producing fields offshore the UK; net production averaged 43,000 bbl/d of liquids and 133 MMcf/d of gas in 2018. (Completed; PSA announced May 2019)

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Mid

11/12/19

Ironwood Midstream Energy Partners LLC; EnCap Flatrock Midstream LLC

Twin Eagle Resource Management LLC

N/A

To purchase Twin Eagle’s Gardendale and Asherton gathering systems, spanning Dimmit and La Salle counties, TX, within the Eagle Ford Shale. (Expected to close December)

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E&P

11/12/19

Kimbell Royalty Partners LP

Buckhorn Resources LLC

$31.8

To acquire 86,000 gross (400 net) royalty acres, 90% of which is located in the Eagle Ford Shale in La Salle and McMullen counties, TX, with current production about 270 boe/d (83% oil, 11% natural gas and 6% NGL). (Expected to close December)

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Mid

11/12/19

Rattler Midstream LP; Oryx Midstream Services LLC; Stonepeak Infrastructure Partners Co.

Reliance Gathering LLC

$355

Acquired through a newly-formed JV to acquire Reliance Gathering; includes gathering system in the Permian's Northern Midland Basin. (Completed; PSA announced October 2019)

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Source: HartEnergy.com