A&D DEAL SHEET
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Sector |
Date |
Buyer |
Seller |
Value |
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) |
|
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) |
|
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. |
|
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. |
|
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) |
|
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) |
|
S&S |
8/28/19 |
Enverus (fka Drillinginfo Inc.) |
Reservoir Visualization Inc. |
N/A |
Acquired about 200,000 geological well datasets. |
|
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) |
|
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) |
|
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) |
|
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. |
|
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) |
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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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