A&D DEAL SHEET
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Sector |
Date |
Buyer |
Seller |
Value |
Comments |
|
S&S |
9/3/19 |
Brigade Energy Services LLC; Turnbridge Capital Partners LLC |
Nine Energy Service Inc. |
$17 |
Bought Nine’s production solutions segment, which includes a fleet of 107 workover rigs, ancillary equipment and real estate associated with the 13 operating facilities located throughout the US. (Closed Aug. 30) |
|
E&P |
9/3/19 |
Spur Energy Partners LLC; KKR & Co. Inc. |
Concho Resources Inc. |
$925 |
To acquire Concho’s NM Shelf position in the Permian Basin; includes roughly 100,000 gross acres and about 25,000 boe/d of current production. (Expected to close November) |
|
Mid |
9/3/19 |
Total SA |
Toshiba Corp. |
$815 |
Bought Toshiba's US LNG business including Freeport LNG train 3 agreements that add 2.2 mtpa of LNG plus an $800 MM cash payment. (Completed; PSA announced June) |
|
E&P |
9/3/19 |
Undisclosed |
Crescent Point Energy Corp. |
$525 |
To purchase Crescent Point's Uinta Basin asset in UT; includes about 350 net sections of undeveloped land, 123.1 MMboe of 2P reserves and 29.5 MMboe of PDP reserves. (Expected to close October) |
|
E&P |
9/3/19 |
Undisclosed |
Crescent Point Energy Corp. |
C$212 |
To buy certain southeast Saskatchewan conventional assets that includes 7,000 boe/d of current production (70% crude oil and 85% total liquids) and 49.2 MMboe of 2P reserves. (Expected to close late 3Q 2019) |
|
E&P |
9/3/19 |
Viper Capital Partners LLC |
Standard Oil Co. |
N/A |
Acquired drilling rights to over 12,000 acres of the Rock Creek Oil Field in Roane County, WV, and the Tanner Oil Field in Gilmer County, WV, along with 371 existing oil wells. |
|
E&P |
9/3/19 |
W&T Offshore Inc. |
Exxon Mobil Corp. |
$200 |
Purchased interests in and operatorship of US GoM properties and related onshore processing facilities in the Mobil Bay Area offshore AL; includes 19,800 boe/d (25% liquids) of production. (Completed; PSA announced June) |
|
Renew |
9/3/19 |
Invenergy LLC |
Tri Global Energy LLC |
N/A |
Bought the wind development assets of the Changing Winds project, which has a nameplate of 231 MW and is comprised of about 25,000 leased acres of privately owned farm and ranch land in Castro County, TX. |
|
Mid |
9/5/19 |
NJR Midstream; New Jersey Resources Corp. |
Macquarie Infrastructure and Real Assets Inc.; Macquarie Group Ltd. |
$367.5 |
To buy 100% membership interest in the Leaf River Energy Center LLC, a natural gas storage facility in SE MS. (Expected to close 2019) |
|
S&S |
9/5/19 |
TGS-NOPEC Geophysical Co. |
Lasser Inc. |
N/A |
Purchased all the outstanding share of Fort Worth-based Lasser, which owns, maintains and licenses a nationwide U.S. well production database. |
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Source: HartEnergy.com |
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For more up-to-date information on the latest deals visit Hart Energy’s online database of transactions.
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