(Source: Hart Energy/Shutterstock.com)
A&D DEAL SHEET
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Sector |
Date |
Buyer |
Seller |
Value |
Comments |
|
Mid |
2/4/20 |
Black Diamond Gathering LLC (Noble Midstream Partners LP; Greenfield Midstream LLC) |
Magellan Midstream Partners LP; Plains All American Pipeline LP; Western Midstream Partners LP |
$155 |
Acquired 20% in the Saddlehorn Pipeline, which transports crude oil and condensate from the D-J and Powder River basins to Cushing, OK. |
|
E&P |
2/4/20 |
Peregrine Energy Partners |
Caelus Energy LLC |
N/A |
To purchase producing overriding royalty interests in the Oooguruk Field of the North Slope of Alaska. |
|
S&S |
2/12/20 |
Enverus; Genstar Capital LLC |
RS Energy Group; Warburg Pincus LLC |
N/A |
To acquire RS Energy Group, a Calgary, Alberta-based technology firm focused in the upstream oil and gas industry. |
|
E&P |
2/12/20 |
Laredo Petroleum Inc. |
Undisclosed |
$22.5 |
Purchased 1,100 net acres as a bolt-on to its Howard County, TX, position in the Permian's Midland Basin. |
|
E&P |
2/12/20 |
Marathon Oil Corp. |
Rocky Creek Resources LLC; Boomtown Oil LLC; Juniper Capital Advisors LP; Delago Resources LLC |
$191 |
Acquired 18,000 contiguous and largely undeveloped net acres adjacent to Marathon's existing NE Eagle Ford leasehold; includes 7,000 net boe/d of current production and associated midstream infrastructure. (PSA signed November; closed December) |
|
Mid |
2/13/20 |
Enbridge Inc. |
NextDecade Corp. |
$25 |
To acquire the Rio Bravo Pipeline designed to transport up to 4.5 Bcf/d of natural gas from the Agua Dulce supply area to NextDecade’s Rio Grande LNG project in Brownsville, TX. (Expected to close 1Q 2020) |
|
S&S |
2/13/20 |
National Energy Services Reunited Corp. |
Sahara Petroleum Services Co. SAE |
$49 |
To acquire SAPESCO, the largest indigenous oilfield services company in Egypt with operations across the MENA region; includes assumption of $22 MM debt. (Expected to close 1Q 2020) |
|
E&P |
2/14/20 |
Undisclosed |
Lilis Energy Inc. |
$24.9 |
To buy about 1,185 undeveloped Permian Basin acres in Lea County, NM. |
|
E&P |
2/14/20 |
Undisclosed |
Riviera Resources Inc. |
$18.5 |
Purchased interests in properties located in the Overton Field of E TX. (PSA announced November; closed January) |
|
E&P |
2/14/20 |
Undisclosed |
Riviera Resources Inc. |
$4.5 |
Bought Riviera's remaining interests in properties located in the Drunkards Wash Field in the Uinta Basin. (PSA announced November; closed January) |
|
S&S |
2/18/20 |
Quorum Software |
EnergyIQ |
N/A |
Purchased EnergyIQ, a Denver-based provider of well master data management software applications. |
|
Source: HartEnergy.com |
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For more up-to-date information on the latest deals visit Hart Energy’s online database of transactions.
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