![A&D Transactions From The Week Of Nov. 6, 2019](/sites/default/files/styles/hart_news_article_image_640/public/image/2019/11/ad-transactions-week-nov-6-2019.jpg?itok=TjZZRSgR)
A&D DEAL SHEET
|
|||||
Sector |
Date |
Buyer |
Seller |
Value |
Comments |
E&P |
10/21/19 |
Undisclosed |
Range Resources Corp. |
150 |
Bought a 0.5% proportionately reduced ORRI applied to 350,000 net surface acres in SW Appalachia in PA. (Closed September) |
Mid |
10/22/19 |
NextEra Energy Partners LP |
Ares Management Corp. |
286 |
To purchase Meade Pipeline, which owns a 39.2% stake in the Central Penn intrastate natgas pipeline that serving the Marcellus region. (Expected to close 4Q 2019) |
S&S |
10/28/19 |
InstarAGF Asset Management Inc. |
Oilfield Water Logistics LLC; NGP Energy Capital Management LLC |
N/A |
Bought ownership of the TX- and CO-based provider of midstream water infrastructure and services; includes positions in the Permian, Haynesville/Cotton Valley, Powder River, Niobrara, Denver-Julesburg, Uinta and Piceance basins. |
E&P |
10/30/19 |
Contango Oil & Gas Co. |
Will Energy Corp. |
23 |
Acquired 12,560 net acres in N LA and 147,312 net acres in the western Anadarko Basin located in W OK and the TX Panhandle. (Completed; PSA announced September 2019) |
S&S |
10/31/19 |
NexTier Oilfield Solutions |
C&J Energy Services Inc.; Keane Group Inc. |
745.7 |
Acquired Keane through a merger of the Houston-based pressure pumpers that formed NexTier Oilfield Solutions; C&J and Keane shareholders to own roughly 50% of the combined company. (Completed; PSA announced June 2019) |
E&P |
11/1/19 |
Cona Resources Ltd.; Waterous Energy Fund |
Pengrowth Energy Corp. |
CAD740 |
To purchase Calgary, Alberta-based oil and gas producer with long-life assets in the Western Canadian Sedimentary Basin; includes assumption of debt. (Expected to close late December) |
Mid |
11/1/19 |
IFM Investors |
Buckeye Partners LP |
6,500 |
Acquired Houston-based Buckeye for $41.50 per unit in an all-cash transaction; includes networks of integrated midstream assets primarily in the East Coast and Gulf Coast regions of the US, as well as in Caribbean. (Completed; PSA announced May 2019) |
Mid |
11/1/19 |
NGL Energy Partners LP |
Hillstone Environmental Partners LLC; Golden Gate Capital |
600 |
Purchased all equity Hillstone interests acquiring a produced water transportation and disposal system located in the Northern Delaware Basin in the state line area of Eddy and Lea counties, NM, and Loving County, TX. (Completed; PSA announced September 2019) |
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) |
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. |
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) |
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. |
Source: HartEnergy.com |
For more up-to-date information on the latest deals visit Hart Energy’s online database of transactions.
Recommended Reading
Darbonne: ‘The Dance’ of US Policy Leaving Energy Mid Slip
2024-08-30 - The 1909 Matisse painting known as “The Dance” demonstrates the outcome of one of the U.S.’ pillars falling down.
Analyst: US NGL Market Tightens Links to Crude, NatGas Production
2024-08-30 - A boost in propane and ethane development is tied to the opening of the Matterhorn Pipeline in the Permian, evidence of the increasingly closer link between different sectors of the energy industry.
EDF Renewables Secures Investment in Solar Energy Storage Project
2024-08-30 - Power Sustainable Energy Infrastructure acquired a 50% stake in EDF Renewables North America’s Desert Quartzite Solar+Storage Project in California.
Energy Transition in Motion (Week of Aug. 30, 2024)
2024-08-30 - Here is a look at some of this week’s renewable energy news, including a more than $2 billion hydrogen and atmospheric gases facility in the works.
Australian Shale Wildcatter Tamboran Spuds First 2-Well Beetaloo Pad
2024-08-30 - Tamboran investor Helmerich & Payne is drilling the 2-mile laterals, while fellow investor Liberty Energy has a frac fleet en route to complete the wells, Tamboran Resources reported.