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.
Recommended Reading
Phillips 66 Buys EPIC’s Permian NGL Midstream Assets for $2.2B
2025-01-07 - Phillips 66 will buy EPIC’s NGL assets, including a 175,000 bbl/d pipeline that links production supplies in the Delaware and Midland basins and the Eagle Ford Shale to Gulf Coast fractionation complexes.
DNOW Closes Cash Acquisition of Water Service Company Trojan Rentals
2024-11-26 - DNOW Inc.’s acquisition of Trojan Rentals LLC is its third purchase aimed at providing a holistic water management solution to the market, the company said.
Martin Midstream Terminates Merger Agreement Following Pushback
2024-12-29 - Martin Midstream Partners will continue operating as a standalone publicly traded company following termination of its deal to merge with Martin Resource Management Corp.
Allete Gets OK From FERC for $6.2B Sale to Canada Pension Plan, GIP
2024-12-20 - Allete Inc. announced its acquisition by the Canada Pension Plan Investment Board and Global Infrastructure Partners in May.
Exxon Mobil Completes Purchase of FPSO Offshore Guyana
2024-12-19 - Exxon Mobil Corp. paid $535 million to SBM Offshore for the FPSO, which will operate the unit through 2033.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.