A&D DEAL SHEET |
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| Sector | Date Announced | Buyer | Seller | Value (US$MM) | Comments |
| MID | 4/14/2023 | Canadian Pacific | Kansas City Southern | $31,000 |
Closed a December 2021 acquisition that creates a crude-by-rail network stretching across Canada, the U.S. and Mexico. |
| E&P | 4/13/2023 | Matador Resources Co. | Advance Energy Partners; EnCap Investments LP | $1,600 |
Purchased Advance Energy's Delaware Basin assets, including 18,500 net acres in Lea County, NM, and Ward County, TX. |
| E&P | 4/13/2023 | Tellurian Inc. | N/A | $1,000 |
Tellurian entered into a binding letter of intent to sell 800 acres for its LNG terminal that will be leased back to the company. |
| E&P | 4/12/2023 | Kimbell Royalty Partners LP | MB Minerals; Sabalo Holdings LLC | $143.10 |
To purchase Midland Basin mineral and royalty acreage producing 1,459 bbl/d of crude from more than 300 producing wells. |
| Renew | 4/11/2023 | Dominion Energy | Longroad Energy | N/A |
To buy Longroad Energy's 108 megawatt Foxhound solar project in Virginia |
| E&P | 4/4/2023 | Tailwater E&P LLC; Tailwater Capital | N/A | N/A |
To acquire royalty and mineral interests on 1,877 net acres in the Eagle Ford, Haynesville and Permian Basin. |
| S&S | 4/03/2023 | Liberty Energy Inc. | Siren Energy | $78 |
Acquired Siren's integrated natural gas compression and CNG delivery business focused on the Permian Basin. |
| E&P | 4/3/2023 | Vital Energy Inc. | Driftwood Energy Operating LLC | $214 |
Acquired Midland Basin leasehold in Upton and Reagan counties, Texas, including 11,200 net acres that averaged 5,400 boe/d (63% oil). |
| MID | 3/31/2023 | South 49 Holdings Ltd.; Midstream Energy Partners | USD Partners LP | $33 |
Acquired Casper, Wyoming, crude rail terminal. |
| E&P | 4/5/2023 | Riley Exploration Permian Inc. | Pecos Oil & Gas LLC; Cibolo Energy Partners LLC | $330 |
Acquired 11,700 contiguous net acres in Eddy County, New Mexico, and production of 4,200 bbl/d (7,200 boe/d). |
| E&P | 4/3/2023 | Ovintiv Inc. | Black Swan Oil & Gas; PetroLegacy Energy; Piedra Resources; EnCap Investments LP | $4,275 |
To acquire 65,000 net acres in the core of the Midland Basin; 1,060 net locations; and 60,000 bbl/d of oil and condensate. |
| E&P | 4/3/2023 | Grayson Mill Bakken LLC; EnCap Investments LP | Ovintiv Inc. | $825 |
To sell Ovintiv's Bakken position, including 46,000 net acres and average production of 37,000 boe/d |
| E&P | 4/3/2023 | Ovintiv Inc. | To acquire various bolt-on acquisitions. | $200 |
Acquired acreage in various bolt-on acquisitions. |
| Renew | 3/31/2023 | Shell USA Inc. | Volta Inc. | $169 |
Acquired network of more than 3,000 charging locations in 31 U.S. states and territories. |
| E&P | 3/30/2023 | IOG Resources II | N/A | N/A |
Acquired Appalachia assets, including 66 producing wellbores on 7,000 net acres with production of 24 MMcfe/d. |
| Renew | 3/28/2023 | Brookfield Renewable Partners; GIC; Temasek; EIG; MidOcean Energy | MidOcean Energy | $10,300 |
To acquire Origin Energy, Australia’s largest integrated power generator. |
| E&P | 3/28/2023 | Crescent Point Energy Corp. | Spartan Delta Corp. | $1,280 |
To acquire Montney oil and liquids assets with average production of 38,000 barrels of oil equivalent per day (boe/d), 55% liquids, and drilling inventory of 600 net locations. |
| MID | 3/27/2023 | Energy Transfer LP | Lotus Midstream LLC; EnCap Flatrock Midstream | $1,450 |
To acquire Lotus' system consisting of approximately 3,000 active miles of pipeline that serves major production areas of the Permian with nearly 1.5 MMbbl/d of capacity. |
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