(Source: SemGroup Corp./Shutterstock.com)
A&D DEAL SHEET
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|
Sector |
Date |
Buyer |
Seller |
Value |
Comments |
|
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. |
|
E&P |
9/10/19 |
Equity Group Investments (EGI) |
Colony Capital Inc. |
N/A |
Formed JV named Alpine Energy Capital to provide capital and asset management solutions to the U.S. upstream oil and gas industry. |
|
E&P |
9/12/19 |
Contango Oil & Gas Co. |
Will Energy Corp. |
23 |
To acquire 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. (Expected to close 4Q 2019) |
|
E&P |
9/13/19 |
Viper Energy Partners LP; Diamondback Energy Inc. |
Santa Elena Minerals LP; EnCap Investments LP |
150 |
To acquire certain Permian mineral and royalty interests from EnCap backed Santa Elena in all-equity deal; comprises 1,358 net royalty acres primarily in Glasscock and Martin counties, TX. (Expected to close 4Q 2019) |
|
E&P |
9/16/19 |
Bedrock Energy Partners LLC |
Harvest Oil & Gas Corp. |
72 |
Bought substantially all of Harvest's interests in the Barnett Shale, which comprise a roughly 28% WI in 164,276 gross (40,658 net) acres across N TX, over 90% of which is nonoperated; production in 1Q 2019 averaged 55.6 MMcfe/d. (Completed; PSA announced June 30) |
|
Mid |
9/16/19 |
Energy Transfer LP |
SemGroup Corp. |
5,100 |
To acquire Tulsa, OK-based SemGroup in a cash and stock deal including the assumption of $5 B of debt; SemGroup’s key areas of operation include western Canada, the Midcontinent and the Gulf Coast. (Expected to close by early 2020) |
|
E&P |
9/16/19 |
Undisclosed |
Harvest Oil & Gas Corp. |
5 |
Purchased certain oil and gas properties in the Midcontinent area in OK's Stack/Scoop plays located within the Anadarko Basin. (Completed; PSA announced Aug. 14) |
|
E&P |
9/17/19 |
Silver Hill Energy Holdings LLC |
Perpetual Production LLC |
N/A |
Formed JV investment vehicle named Perpetual Resources LLC (PRLLC) to invest an undisclosed amount of equity in PRLLC to acquire mineral, royalty and nonop participation interests in the Midcon and Permian Basin areas of OK, TX and NM. |
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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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