A&D DEAL SHEET |
|||||
|---|---|---|---|---|---|
| Sector | Date Announced |
Buyer | Seller | Value (US$MM) |
Comments |
| Mid | 4/5/21 | KKR & Co. Inc. | Sempra Energy | $3,370 |
To buy 20% stake in new Sempra Energy business platform, Sempra Infrastructure Partners. |
| S&S | 4/5/21 | NOW Inc. | GR Energy Services | N/A |
Purchased substantially all of the assets used in connection with GR Energy Services’ Flex Flow business, predominantly relating to the rental, sale and service of surface-mounted horizontal pumping systems and horizontal jet pumping systems. (Completed; PSA announced March 2021) |
| E&P | 4/5/21 | Whitecap Resources Inc. | Kicking Horse Oil & Gas Ltd.; Quantum Energy Partners | CA$300 |
To buy Calgary, Alberta-based Kicking Horse, a portfolio company of Quantum Energy Partners with properties in the Western Canadian Sedimentary Basin focused in the liquids-rich fairway of the Alberta Montney, in a stock-and-cash deal. (Expected to close by May 31) |
| E&P | 4/6/21 | ARC Resources Ltd. | Seven Generations Energy Ltd. | CA$2,700 |
Acquired Calgary, Alberta producer Seven Generations; includes 528,000 net acres in the Montney Shale with 180-185 Mboe/d of 2021 production. (Completed; PSA announced February 2021) |
| E&P | 4/6/21 | Northern Oil and Gas Inc. | Reliance Industries Ltd. | $250 |
Acquired a 27% blended WI and 64,000 net acres in the Marcellus Shale of the Appalachian Basin in SW PA; assets were producing approximately 120 MMcfe/d of natural gas at the effective date of July 1, 2020 net to Northern. (Completed; PSA announced February 2021) |
| Renew | 4/7/21 | Buckeye Partners LP; Nala Renewables | Swift Current Energy | N/A |
To buy majority ownership in Boston-based Swift Current, a North American clean energy development and investment platform. |
| Renew | 4/7/21 | Rice Acquisition Corp.; Archaea Energy LLC | Aria Energy LLC | $1,030 |
To form Archaea Energy to focus on renewable natural gas and landfill gas emissions through a business combination of Aria Energy and Archaea. (Expected to close 3Q 2021) |
| Renew | 4/8/21 | Atlantica Sustainable Infrastructure Plc | Undisclosed | $196.5 |
To acquire a 49% interest in a 596 MW portfolio of four wind assets located in IL, TX, OR and MN. (Expected to close 3Q 2021) |
| E&P | 4/8/21 | Enerplus Corp. | Hess Corp. | $312 |
To acquire 78,700 net acres in Dunn County, ND, in the Bakken consisting of largely undeveloped, 100% HBP acreage, about 6,000 boe/d (76% oil, 10% NGL & 14% natural gas) of production and total 230 net undrilled inventory; includes 62.7 MMboe of proved plus probable reserves. (Expected to close May) |
| Renew | 4/8/21 | Greenbacker Renewable Energy Co. LLC | ReneSolar Power | N/A |
Bought 10 MWdc portfolio of pre-operational solar projects consisting of three ground-mounted commercial distributed generation sites in UT. |
| E&P | 4/8/21 | Peregrine Energy Partners | Undisclosed | N/A |
Purchased producing royalties across Garfield and Mesa counties, CO, within the Piceance Basin; includes over 100 natural gas wells under Caerus Oil & Gas LLC. |
| Mid | 4/9/21 | EIG Global Energy Partners | Saudi Aramco | $12,400 |
To buy a 49% stake in newly formed Aramco Oil Pipelines Co., with rights to 25-years of tariff payments for oil transported through Aramco’s crude oil pipeline network. |
| E&P | 4/12/21 | Infinity Energy Resources Inc. | Core Energy LLC | $0.9 |
Purchased 100% WI in a leasehold containing current oil and gas production and mineral rights in a proven basin in the Central KS Uplift geological formation covering approximately 11,000 acres. |
| S&S | 4/13/21 | Hellman & Friedman LLC | Enverus; Genstar Capital LLC | N/A |
Purchased a majority stake in Austin, TX-based energy data analytics and SaaS technology company Enverus; Genstar Capital will remain a significant shareholder following the transaction. |
| Mid | 4/15/21 | Golden Gate Capital; Stonehill Environmental Partners | Waterfield Midstream LLC | N/A |
Purchased Waterfield Midstream, a provider of midstream infrastructure solutions in the Permian Basin currently servicing Martin County, Texas, in the Midland Basin. |
| Mid | 4/15/21 | New Fortress Energy Inc. | Golar LNG Ltd.; Stonepeak Infrastructure Partners Co. | N/A |
Bought natural gas company Hygo Energy Transition Ltd., a 50/50 JV between Stonepeak Infrastructure Partners and Golar LNG focused on LNG projects in Brazil, and Hygo's controlling company Golar LNG Partners LP. (Completed; PSA announced January 2021) |
| E&P | 4/15/21 | PHX Minerals Inc. | Undisclosed | $11.9 |
To purchase 2,698 net royalty acres with 20.3 Bcfe of estimated reserves and 529 Mcfe/d of current net production in the southern SCOOP play primarily in Stephens, Carter and Garvin counties, OK. (Expected to close late April) |
| Renew | 4/19/21 | NextEra Energy Partners LP | Brookfield Renewable LP | $733 |
To acquire portfolio comprised of four operating wind assets facilities, totaling 391 MW, in CA and NH. (Expected to close 3Q 2021) |
| E&P | 4/19/21 | Stateline Operating LLC; Vortus Investment Advisors LLC | Flat Creek Resources LLC | N/A |
Formed JV named Stateline Operating to initially focus on the development oil-rich assets in the Delaware Basin in Eddy County, NM. |
| Renew | 4/19/21 | Vitol | BlackRock Inc. | N/A |
Acquired Big Sky Wind, a 240 MW operating wind farm located in in the PJM territory in Bureau and Lee counties, IL. |
For more up-to-date information on the latest deals visit Hart Energy’s online database of transactions.
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