A&D DEAL SHEET |
|||||
|---|---|---|---|---|---|
| Sector | Date Announced |
Buyer | Seller | Value (US$MM) |
Comments |
| 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. |
| E&P | 4/22/21 | SandRidge Energy Inc. | SandRidge Mississippian Trust I | $4.85 |
Purchased all the ORRI assets of the SDT Trust, which owns royalty interests in oil and natural gas properties in the Mississippian formation in Alfalfa, Garfield, Grant and Woods counties, OK. |
| E&P | 4/23/21 | EOG Resources Inc. | Melbana Energy Ltd. | $22.5 |
To acquire 100% interest in the WA-488-P permit containing the giant Beehive oil prospect in the Petrel sub-basin off the northern coast of Australia; includes $15 MM in contingent and production-linked payments. |
| E&P | 4/27/21 | Grayson Mill Energy LLC; EnCap Investments LP | Equinor ASA | $900 |
Acquired Equinor’s interests in the Bakken field; includes operated and nonoperated acreage, totaling 242,000 net acres, and associated midstream assets in North Dakota and Montana with production of 48,000 boe/ (net of royalty interests) for 4Q 2020. (Completed; PSA announced February 2021) |
For more up-to-date information on the latest deals visit Hart Energy’s online database of transactions.
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