The purchase price for Alta Mesa Resources approved by a U.S. bankruptcy court on April 8 is nearly a third less than creditors had negotiated earlier this year for the Oklahoma shale firm. (Source: Alta Mesa Resources Inc.; Shutterstock.com)
A&D DEAL SHEET |
|||||
|---|---|---|---|---|---|
| Sector | Date Announced |
Buyer | Seller | Value (US$MM) |
Comments |
| E&P | 4/8/20 | BCE-Mach LLC; Mach Resources LLC; Bayou City Energy Management LLC | Alta Mesa Resources Inc.; Kingfisher Midstream LLC | $220 |
To buy substantially all of the assets of Alta Mesa Resources and its midstream subsidiary, Kingfisher Midstream, through bankruptcy sale processes; includes 130,000 net-acre OK Stack Play position (90% HBP) and 30,000 boe/d of production (67% liquids). (Bankruptcy court approved lower price) |
| E&P | 4/9/20 | Diversified Gas & Oil Plc | Carbon Energy Corp. | $110 |
To acquire certain conventional Appalachian upstream and midstream assets within DGO's existing WV, KY and TN footprint; includes mature, low decline net daily production in 2019 of 9,900 boe (97% natural gas) from 6,500 net operated wells. (Signed conditional PSA) |
| S&S | 4/13/20 | Geolog International BV | Nabors Industries Ltd. | N/A |
Acquired all of Nabors’ mudlogging assets in the US (previously known as EPOCH). |
| E&P | 4/13/20 | SilverBow Resources Inc. | Undisclosed | N/A |
Purchased private entity with Eagle Ford assets adding 10 MMcf/d of net natural gas production directly offsetting the SilverBow’s existing assets in the western portion of the shale play. |
| E&P | 4/13/20 | Undisclosed | SilverBow Resources Inc. | N/A |
To buy certain Powder River Basin assets including ORRI in 118 net acres across Campbell, Converse and Niobrara Cos., WY. (Expected to close 2Q 2020) |
| E&P | 4/14/20 | Kalnin Ventures LLC | Devon Energy Corp. | $860 |
Announced amended terms for the acquisition of Devon’s Barnett position, which includes over 320,000 gross acres and 4,200 producing wells in N TX that average 597 MMcfe/d of net production in 3Q 2019; proved reserves at YE 2018 were about 4 Tcfe; amended terms made April 14 includes lower cash closing payment and addition of contingency payments. (Expected to close year-end 2020) |
| E&P | 4/14/20 | Undisclosed | Ring Energy Inc. | $31.5 |
To buy Ring's Delaware Basin acreage consisting of about 20,000 net acres in Culberson and Reeves Cos., TX, currently producing 908 boe/d. (Expected to close in 60 days) |
For more up-to-date information on the latest deals visit Hart Energy’s online database of transactions.
Recommended Reading
Electron Gold Rush: ‘White Hot’ Power Market Shifts into High Gear
2025-03-06 - Tech companies are scrambling for electrons as AI infrastructure comes online and gas and midstream companies need to be ready, Energy Exemplar CEO says.
Paradoxes and Power: Why DeepSeek AI May Be Good News for Energy
2025-03-05 - The lower cost and power demand of DeepSeek could be a positive for AI adoption and result in increased proliferation and demand, an analyst said.
SLB Launches Electric Well Control Tech to Replace Hydraulics
2025-03-04 - SLB says the new systems reduce costs and provide real-time data for operators.
No Drivers Necessary: Atlas RoboTrucks Haul Proppant, Sans Humans
2025-03-04 - Atlas Energy Solutions and Kodiak Robotics have teamed up to put two autonomous trucks to work in the Permian Basin. Many more are on the way.
E&P Highlights: March 3, 2025
2025-03-03 - Here’s a roundup of the latest E&P headlines, from planned Kolibri wells in Oklahoma to a discovery in the Barents Sea.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.