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 |
|||||
For more up-to-date information on the latest deals visit Hart Energy’s online database of transactions.
Recommended Reading
Not Sweating DeepSeek: Exxon, Chevron Plow Ahead on Data Center Power
2025-02-02 - The launch of the energy-efficient DeepSeek chatbot roiled tech and power markets in late January. But supermajors Exxon Mobil and Chevron continue to field intense demand for data-center power supply, driven by AI technology customers.
Ovintiv Names Terri King as Independent Board Member
2025-01-28 - Ovintiv Inc. has named former ConocoPhillips Chief Commercial Officer Terri King as a new independent member of its board of directors effective Jan. 31.
EON Enters Funding Arrangement for Permian Well Completions
2024-12-02 - EON Resources, formerly HNR Acquisition, is securing funds to develop 45 wells on its 13,700 leasehold acres in Eddy County, New Mexico.
Murphy Shares Drop on 4Q Miss, but ’25 Plans Show Promise
2025-02-02 - Murphy Oil’s fourth-quarter 2024 output missed analysts’ expectations, but analysts see upside with a robust Eagle Ford Shale drilling program and the international E&P’s discovery offshore Vietnam.
Confirmed: Liberty Energy’s Chris Wright is 17th US Energy Secretary
2025-02-03 - Liberty Energy Founder Chris Wright, who was confirmed with bipartisan support on Feb. 3, aims to accelerate all forms of energy sources out of regulatory gridlock.
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.