A&D DEAL SHEET |
|||||
|---|---|---|---|---|---|
| Sector | Date Announced |
Buyer | Seller | Value (US$MM) |
Comments |
| 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. |
| E&P | 8/19/20 | Orion Mine Finance | Occidental Petroleum Corp. | $1,330 |
To buy WY, CO and UT land grant assets covering approximately 4.5 million mineral acres and 1 million fee surface acres; doesn't include cash flow from currently producing oil and gas properties on the position and mineral acres derived from the land grant in CO. (Expected to close 4Q 2020) |
| E&P | 8/19/20 | Posse Resources LLC | Live Oak Resources Partners LLC | N/A |
Purchased Live Oak Fund I's remaining assets consisting of roughly 4,800 net royalty acres (normalized to 1/8 royalty) located in N LA with production across the Haynesville Shale, Bossier and Cotton Valley formations. |
| E&P | 8/21/20 | ConocoPhillips Co. | Kelt Exploration Ltd. | $405 |
Acquired 140,000 net acres located adjacent to its Montney position in the liquids-rich Inga-Fireweed field in Canada, adding over 1,000 well locations and about 15,000 boe/d; transaction includes assumption of $30 MM in financing obligations for associated partially owned infrastructure. (Completed; PSA announced July 2020) |
| E&P | 8/24/20 | HighPeak Energy Inc. | Pure Acquisition Corp. | N/A |
Acquired through a business combination with blank-check company Pure Acquisition forming a Midland Basin pure-play with 51,000-net-acre position primarily in Howard County, TX, more than 90% operated and anticipated net production of about 12,000 boe/d (more than 80% oil). (Completed; PSA announced May 2020) |
| Mid | 8/25/20 | Compass Energy Systems Ltd. | Exerran Corp. | N/A |
To buy Exterran's US compression fabrication business. (Expected to close 4Q 2020) |
For more up-to-date information on the latest deals visit Hart Energy’s online database of transactions.
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