A&D DEAL SHEET

Sector

Date
Announced

Buyer

Seller

Value
(US$MM)

Comments

E&P

8/26/19

PDC Energy Inc.

SRC Energy Inc.

$1,700

To acquire Denver-based SRC Energy, which holds roughly 86,000 net acres in the D-J Basin's Wattenberg Field, nearly 100% of which is located in Weld County, CO, through all-stock transaction; includes assumption of about $685 million in net debt. (Expected to close 4Q 2019)

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S&S

8/26/19

Undisclosed

TechnipFMC Plc

N/A

To form two independent publicly-traded companies through spinoff of onshore/offshore segment. (Expected to close 1H 2019)

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S&S

8/26/19

Verisk Analytics Inc.; Wood Mackenzie Ltd.

Genscape Inc.

$364

To purchase Louisville, KY-based Genscape which provides real-time data and intelligence for commodity and energy markets.

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Mid

8/27/19

Blackstone Infrastructure Partners; The Blackstone Group LP

Tallgrass Energy LP

$3,030

Launched take-private proposal to acquire remaining shares in Leawood, KS-based Tallgrass at $19.50 per share in cash.

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E&P

8/27/19

Hilcorp Energy Co.

BP Plc

$5,600

To buy BP’s entire upstream and midstream business in AK; includes 26% WI and operatorship of Prudhoe Bay plus the Trans Alaska Pipeline System. (Expected to close 2020)

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E&P

8/27/19

NextEra Energy Inc.

Encana Corp.

$165

Bought Arkoma Basin assets covering 140,000 net acres of leasehold in OK and 77 MMcfe/d (98% natgas) of current production. (Completed; PSA announced July)

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S&S

8/28/19

Enverus (fka Drillinginfo Inc.)

Reservoir Visualization Inc.

N/A

Acquired about 200,000 geological well datasets.

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S&S

8/28/19

The WellBoss Co.; Schoeller-Bleckmann Oilfield Equipment AG

Downhole Technology LLC; Resource Well Completion Technologies Inc.

N/A

To merge forming The WellBoss Co., to be wholly owned by Schoeller-Bleckmann Oilfield Equipment. (Expected to close Oct. 1)

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E&P

8/28/19

Undisclosed

Riviera Resources Inc.

$295

To buy Riviera's remaining Hugoton Basin assets located in SW KS; includes upstream and midstream properties comprising of about 4,000 wells producing 104 MMcfe/d plus natgas processing plants. (Expected to close 4Q 2019)

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E&P

8/29/19

Diversified Gas & Oil Plc

EdgeMarc Energy Holdings LLC

$50

To buy through a stalking-horse bid certain OH Utica assets; include 12 gross producing unconventional Utica natural gas wells and related facilities in in Monroe and Washington counties plus certain undeveloped lands containing deep Utica rights. (US Bankruptcy Court approved; PSA announced July; and expected to close mid-September)

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Mid

8/29/19

Greenway Technologies Inc.

Mabert LLC

N/A

Formed JV for an ownership interest in the Infra Technologies US gas-to-liquids plant located in Wharton, TX.

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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)

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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)

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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)

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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)

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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)

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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.

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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)

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Source: HartEnergy.com