A&D DEAL SHEET |
|||||
|---|---|---|---|---|---|
| Sector | Date Announced |
Buyer | Seller | Value (US$MM) |
Comments |
| S&S | 3/21/22 | Baker Hughes Co. | Altus Intervention | N/A |
To buy Altus Intervention, a leading international provider of well intervention services and downhole oil and gas technology headquartered in Norway with operations in 11 countries and 1,200 employees globally. (Expected to close 2H 2022) |
| Mid | 3/21/22 | Whiptail Midstream LLC | DJR Energy LLC | N/A |
Purchased the oil, gas and water gathering assets of DJR Energy in the Gallup oil window of the San Juan Basin; transaction includes long-term dedication of its leasehold acreage for oil, natural gas and water production. |
| Mid | 3/22/22 | ArcLight Capital Partners LLC; Cutlass Energy Partners LLC | Undisclosed | N/A |
To buy a natural gas gathering system with up to 1.2 Bcf/d capacity in the Haynesville shale basin of LA and TX through affiliate Saber Midstream LLC; to be managed by Cutlass Energy Partners. |
| E&P | 3/23/22 | Waldorf Production Ltd. | MOL Group | $305 |
To purchase MOL’s entire upstream portfolio in the U.K. including stakes in Catcher Field, Scolty & Crathes, Scott a number of other licenses with proved and probable reserves of 14.9 million boe at YE 2021. (Expected to close 2H 2022) |
| S&S | 3/24/22 | Project Canary | Aeris Technologies Inc. | N/A |
Purchased the California Bay Area-based provider of laser-based gas analyzers and leak detection systems expanding its services beyond oil and gas. |
| E&P | 3/28/22 | Vermilion Energy Inc. | Leucrotta Exploration Inc. | CA$477 |
To acquire Leucrotta, a Canadian publicly listed Montney-focused oil and natural gas exploration and development company with lands located in the Mica area of NE BC and NW Alberta. (Expected to close May) |
| E&P | 3/30/22 | Crescent Energy Co.; KKR & Co. Inc. | Verdun Oil Co.; EnCap Investments LP | $690 |
Bought in an all-cash transaction 145,000 contiguous net acres (>85% HBP) and over 400 producing vertical and horizontal wells, primarily located in Duchesne and Uintah counties, UT. (Completed; PSA announced February 2022) |
| S&S | 4/1/22 | Liberty Lift Solutions LLC | Elite Lift Solutions LLC; Powder River Hydraulics LLC | N/A |
Acquired the assets of Elite Lift Solutions LLC and Powder River Hydraulics LLC, with facilities in Dickinson and Williston, ND, as well as Gillette, WY. |
| Mid | 4/4/22 | ARM Energy Holdings LLC | NextEra Energy Partners LP | $203 |
Bought Monument Pipeline LP, a Houston-based natural gas transportation system with approximately 156 miles of pipeline originating at the Katy Hub, with connections to the Houston Ship Channel, La Porte and League City market areas plus servicing several residential city gates of the Greater Houston metroplex. |
| E&P | 4/4/22 | Evolution Petroleum Corp. | Exaro Energy III LLC | $26.2 |
Acquired nonoperated natural gas assets in the Jonah Field in Sublette County, WY; includes working interest in 648 producing wells and approximately 1,040 net acres producing about 14.2 MMcfe/d. (Completed; PSA announced February 2022) |
| E&P | 4/5/22 | W&T Offshore Inc. | Undisclosed | N/A |
Purchased the remaining working interests in three federal shallow-water fields (Ship Shoal 230, South Marsh Island 27/Vermilion 191 & South Marsh Island 73) within the central region of the US GoM the W&T had initially acquired an interest in early 2022. |
| E&P | 4/7/22 | Ithaca Energy Ltd.; Delek Group Ltd. | Siccar Point Energy E&P Ltd. | N/A |
To buy private equity-backed Siccar Point Energy, which holds stakes in two large oil fields in the UK North Sea. (Expected to close 2Q 2022) |
| Mid | 4/11/22 | Dow Inc. | Fluxys; Partners Group; Buss Group | N/A |
Bought a minority stake in a consortium constructing an LNG import terminal in Germany known as the Hanseatic Energy Hub GmbH. |
| Mid | 4/11/22 | Delek Logistics Partners LP | 3Bear Energy LLC | $624.7 |
To acquire 100% membership interests in 3Bear Delaware Holding - NM LLC, an indirect subsidiary that holds crude oil and gas gathering, processing and transportation businesses, as well as water disposal and recycling operations in the Delaware Basin in NM within the Permian Basin. (Expected to close mid-year 2022) |
| E&P | 4/14/22 | Earthstone Energy Inc. | Bighorn Permian Resources LLC | $860 |
Acquired privately held Bighorn, which has approximately 110,600 net acres (98% operated, 93% working interest, 99% HBP) in the Midland Basin, primarily in Reagan and Irion counties, TX, and average production of 42,400 boe/d (25% oil, 57% liquids). (Completed; PSA announced January 2022) |
| E&P | 4/14/22 | SilverBow Resources Inc. | SandPoint Operating LLC; Carnelian Energy Capital Management LP | $71 |
To buy SandPoint, which operates roughly 27,000 net contiguous acres in La Salle & McMullen Cos., TX, targeting the Eagle Ford and Olmos formations with production of 4,650 boe/d (70% gas, 30% liquids). (Expected to close 2Q 2022) |
| E&P | 4/14/22 | SilverBow Resources Inc. | Sundance Energy Inc. | $354 |
To acquire Sundance in a cash and stock transaction that includes up to an additional $15 million dollars of contingent payments based on future commodity prices; assets comprise 39,000 net acres in Atascosa, La Salle, McMullen & Live Oak Cos., TX of highly contiguous Eagle Ford acreage and net production of 11,100 boe/d (84% liquids / 65% oil). (Expected to close 3Q 2022) |
| E&P | 4/19/22 | PHX Minerals Inc. | Undisclosed | $5.1 |
To purchase approximately 506 net royalty acres within the Haynesville Shale primarily located in Caddo Parish with estimated reserves of 4.1 Bcfe; includes 28 PDP gross wells, 35 gross wells in progress and an estimated 79 gross undrilled locations. (Expected to close May 27) |
For more up-to-date information on the latest deals visit Hart Energy’s online database of transactions.
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