A&D DEAL SHEET

Sector

Date
Announced

Buyer

Seller

Value
(US$MM)

Comments

E&P

9/24/19

Henry Resources LLC

Pickering Energy Partners

$500

Formed JV to pursue acquisitions of producing oil and gas assets across the Permian Basin targeting to invest at least $500 MM.

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S&S

9/25/19

Kodiak Gas Services LLC; EQT Group

Pegasus Optimization Managers LLC; Apollo Global Management Inc.

N/A

To acquire College Station, TX-based Pegasus, a provider of contract compression and related services for the oil and gas industry in North America for both the upstream and midstream segments. (Expected to close 4Q 2019)

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Mid

9/26/19

NGL Energy Partners LP

Hillstone Environmental Partners LLC; Golden State Capital

$600

To purchase 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.

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E&P

9/26/19

Vår Energi AS; Eni SpA; HitecVision AS

Exxon Mobil Corp.

$4,500

To buy Exxon Mobil's Norway upstream operations comprised of nonoperated assets in more than 20 producing fields with a combined production of about 150,000 boe/d in 2019. (Expected to close 4Q 2019)

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E&P

9/27/19

Contango Oil & Gas Co.

White Star Petroleum LLC

$132.5

To acquire 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. (Expected to close 4Q 2019)

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E&P

9/30/19

Chrysaor Holdings Ltd.

ConocoPhillips Co.

$2,675

Purchased two ConocoPhillips UK subsidiaries holding the company’s E&P assets the UK North Sea plus East Irish Sea assets and interest in the Clair Field area located in the West of Shetlands. (Completed; PSA announced April 2019)

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Mid

9/30/19

NextEra Energy Partners LP

Cabot Oil & Gas Corp.

$256

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)

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E&P

9/30/19

Total SA

Occidental Petroleum Corp.

$3,900

Purchased Anadarko’s Mozambique LNG stake as part of binding agreement to acquire Anadarko’s African assets for $8.8 B; Remaining transactions expected to close 2H 2019). (Completed; PSA announced May 2019)

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E&P

9/30/19

Undisclosed

Samson Resources II LLC

N/A

Purchased Greater Green River Basin assets located in WY including in Carbon and Sweetwater counties; comprises about 48,000 net acres (63% HBP) with 5,850 boe/d (33% liquids) of current production.

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E&P

9/30/19

Undisclosed

Samson Resources II LLC

N/A

Bought 8,500 noncore acres in Johnson County, WY, within the Powder River Basin.

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E&P

10/1/19

Citizen Energy LLC; Warburg Pincus LLC

Roan Resources Inc.

$1,000

To purchase the Oklahoma City-based company focused in the Merge, Scoop and Stack plays of the Anadarko Basin in OK; includes about 182,000 net acres and 50,800 boe/d net production. (Expected to close 4Q 2019 or 1Q 2020)

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S&S

10/2/19

Rockwell Automation Inc.

Schlumberger Ltd.

N/A

Formed a fully integrated digital oilfield automation solutions provider named Sensia in a new JV; Rockwell will own 53% in Sensia and will make a $250 MM payment while Schlumberger will hold 45% of the JV.

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E&P

10/2/19

Undisclosed

Sundance Energy Australia Ltd.

$29.5

Purchased 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. (Completed; PSA announced July 2019)

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Mid

10/3/19

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

Reliance Gathering LLC

$355

To acquire through a newly-formed JV to acquire Reliance Gathering; includes gathering system in the Permian's Northern Midland Basin. (Expected to close 4Q 2019)

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S&S

10/3/19

Subsea 7 SA

4Subsea

N/A

Acquired Norway-based provider of subsea and offshore wind farm technology and services.

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E&P

10/3/19

Undisclosed

Abraxas Petroleum Corp.

$7.9

To buy Abraxas noncore assets in separate increments comprised of Abraxas’ remaining S TX assets and a nonoperated acreage position in the Permian Basin in Reeves County, TX. (Expected to close 4Q 2019)

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E&P

10/7/19

Viper Energy Partners LP

Diamondback Energy Inc.

$740.2

Acquired through a dropdown 5,490 net royalty acres across the Permian's Midland and Delaware basins, over 95% of which is Diamondback-operated. (Completed; PSA announced July 2019)

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E&P

10/7/19

Viper Energy Partners LP; Diamondback Energy Inc.

Undisclosed

$193.6

Purchased about 1,272 net royalty acres through 25 acquisitions that closed in 3Q 2019; largest two deals were located in the Permian Basin.

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Mid

10/8/19

Woodland Midstream II LLC

Undisclosed

N/A

Acquired the James Lake System, a fully integrated sour gas gathering, treating and processing system serving producers in the Permian's Central Basin Platform.

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Source: HartEnergy.com