Also, Kinder Morgan sold its entire equity stake in Calgary, Alberta-based Pembina Pipeline for about $764 million. (Source: Shutterstock.com)
A&D DEAL SHEET
|
|||||
|
Sector |
Date |
Buyer |
Seller |
Value |
Comments |
|
E&P |
1/7/20 |
Cona Resources Ltd.; Waterous Energy Fund |
Pengrowth Energy Corp. |
C$740 |
Purchased Calgary, Alberta-based oil and gas producer with long-life assets in the Western Canadian Sedimentary Basin; includes assumption of debt. (Completed; PSA announced November 2019) |
|
E&P |
1/7/20 |
Premier Oil Plc |
BP Plc |
$625 |
To buy interests in the Andrew area in the central UK North Sea and its nonoperating interest in the Shearwater Field. (Expected to close 3Q 2020) |
|
E&P |
1/7/20 |
Premier Oil Plc |
Dana Petroleum Ltd. |
$246 |
To purchase additional interests increasing its stake in the Tulmount UK North Sea gas project to 25%; includes up to $55 MM contingent payments. (Expected to close 3Q 2020) |
|
E&P |
1/7/20 |
Revolution Resources LLC; Mountain Capital Partners LP |
Jones Energy Inc. |
$201.5 |
Acquired Austin, TX-based Jones Energy, which has assets in the Anadarko Basin in OK and TX. (Completed; PSA announced December 2019) |
|
E&P |
1/9/20 |
Kimbell Royalty Partners LP |
Springbok Energy Partners LLC; Natural Gas Partners (NGP) |
$175 |
To acquire the mineral and royalty interests held by NGP-backed Springbok and its affiliates, adding interests in the Permian's Delaware Basin, Eagle Ford Shale, Bakken, Haynesville, Stack Play and D-J Basin; consideration comprised of $95 MM cash and Kimbell stock. (Expected to close 2Q 2020) |
|
Mid |
1/9/20 |
Undisclosed |
Kinder Morgan Inc. |
$764 |
Purchased Kinder Morgan's roughly 5% equity stake in Calgary, Alberta-based Pembina Pipeline comprised of roughly 25 MM Pembina shares. |
|
E&P |
1/10/20 |
Parsley Energy Inc. |
Jagged Peak Energy Inc. |
$2,300 |
Acquired Denver-based Jagged Peak, a Southern Delaware Basin operator with about 78,000 net acres in Winkler, Ward, Reeves & Pecos Cos., TX and 2Q 2019 production of about 38,300 boe/d (76% oil); all-stock transaction includes assumption of $625 MM debt. (Completed; PSA announced October 2019) |
|
S&S |
1/13/20 |
Stress Engineering Services Inc. |
Laserstream LP |
N/A |
Bought Laserstream, a Houston-based technical service company specializing in laser mapping of tubular assets. |
|
E&P |
1/14/20 |
PDC Energy Inc. |
SRC Energy Inc. |
$1,700 |
Acquired Denver-based SRC Energy, which holds roughly 86,000 net acres in the D-J Basin's Wattenberg Field, nearly 100% of which is located in Weld County, CO, through all-stock transaction; includes assumption of about $685 MM in net debt. (Completed; PSA announced August 2019) |
|
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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