A&D DEAL SHEET |
|||||
|---|---|---|---|---|---|
| Sector | Date Announced |
Buyer | Seller | Value (US$MM) |
Comments |
| E&P | 8/3/20 | Castleton Resources LLC; Castleton Commodities International LLC; Tokyo Gas Co. Ltd. | Range Resources Corp. | $335 |
To purchase the N LA Terryville Field asset covering about 140,000 net acres with stacked pay potential for the Lower Cotton Valley and producing about 160 MMcfe/d; agreement includes an additional $90 MM contingent on future commodity prices. (Expected to close August) |
| Renewable | 8/3/20 | Royal Dutch Shell Plc | Select Carbon Pty Ltd. | N/A |
To buy environmental services firm Select Carbon, which specializes in developing carbon farming and manages a portfolio of over 70 projects encompassing over 9 million hectares across Australia. (Expected to close year-end 2020) |
| E&P | 8/6/20 | Presidio Petroleum LLC; Morgan Stanley Energy Partners | Templar Energy LLC; Ares Management Corp. | $91 |
Purchased Templar Energy through bankruptcy auction; includes about 273,000 net acres located within the western Anadarko Basin of the Midcontinent region spanning TX and OK including the STACK Play. |
| E&P | 8/6/20 | Undisclosed | Riviera Resources Inc. | $16 |
To buy interest in certain Anadarko Basin properties including approximately 2,100 wells located in 14 counties throughout central and NW OK averaging about 28 MMcfe/d of production. (Expected to close 4Q 2020) |
| E&P | 8/10/20 | Canadian Natural Resources Ltd. | Painted Pony Energy Ltd. | C$461 |
To acquire Calgary, Alberta-based Painted Pony which holds 187,000 net acres across the NE BC Montney fairway in the Western Canadian Sedimentary Basin producing about 270 MMcf/d of natgas and 4,600 bbl/d of NGL; includes assumption of C$350 MM of debt. (Expected to close by 4Q 2020) |
| E&P | 8/11/20 | J.P. Morgan | Antero Resources Corp. | $220 |
Purchased through volumetric production payment comprised of dry gas producing properties in WV within the Appalachian Basin; effective date of July 1 with a seven-year term ending June 30, 2027. |
| E&P | 8/11/20 | Petroleum Independent & Exploration LLC | Empire Petroleum Corp. | N/A |
Formed JV to develop E TX properties comprised of workover/recompletion programs to potentially uplift field production in the Fort Trinidad Field asset in Houston and Madison counties. |
| E&P | 8/12/20 | Southwestern Energy Co. | Montage Resources Corp. | $213 |
To acquire to acquire Montage Resources in an all-stock, adding 325,000 net acres in Appalachia’s Utica and Marcellus shale plays across OH, PA and WV. (Expected to close 4Q 2020) |
| E&P | 8/18/20 | Ensign Natural Resources LLC; Reliance Industries Ltd. | Newpek LLC | $88 |
Purchased Eagle Ford Shale and Edwards acreage in S TX; Ensign portion includes about 5,700 net acres in Bee, DeWitt, Karnes and Live Oak Cos. And 2,200 boe/d of current net production. |
For more up-to-date information on the latest deals visit Hart Energy’s online database of transactions.
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