A&D DEAL SHEET |
|||||
| Sector | Date Announced |
Buyer | Seller | Value (US$MM) |
Comments |
| E&P | 1/24/2023 | Matador Resources Co. | Advance Energy Partners Holdings LLC; EnCap Investments LP | $1,600 |
To acquire 18,500 net acres, 99% held by production, adding 406 gross (203 net) drillable horizontal locations with prospective targets throughout the Wolfcamp, Bone Spring and Avalon formations. Purchase price does not include contingency payments. |
| E&P | 1/18/2023 | WildFire Energy I LLC | Chesapeake Energy Corp. | $1,425 |
To sell approximately 377,000 net acres and approximately 1,350 wells in the Brazos Valley, along with related property, plant and equipment. |
| Renew |
1/18/2023 |
Ørsted | Public Service Enterprise Group | N/A |
Agreed to buy partner Public Service Enterprise Group's 25% stake in the 1,100-megawatt Ocean Wind 1 project being developed offshore New Jersey. |
| E&P | 1/17/2023 | Permian Resources Corp. | N/A | $98 |
To acquire 4,000 net leasehold acres, 3,300 net royalty acres and average net production of 1,100 boe/d (73% oil). |
| E&P | 1/17/2023 | N/A | Permian Resources Corp. | $70 |
Divested producing, non-operated Reeves County leasehold consisting of an average 1,800 boe/d and 3,500 net leasehold acres. |
| MID | 1/17/2023 | Permian Resources Corp. | N/A | $125 |
To divest a portion of its saltwater disposal wells and associated produced water infrastructure in Reeves County. |
| E&P | 1/17/2023 | WhiteHawk Energy LLC | N/A | $105 |
To acquire Haynesville Shale mineral and royalty interests, which include production from more than 1,230 horizontal wells. |
| E&P | 1/9/2023 | Northern Oil and Gas | Midland-Petro D.C. Partners LLC | $320 |
NOG acuired 39.958% working interest in Midland-Petro D.C. Partners’ Mascot Project, a 3.25% increase after the company kicked in another $29 million. |
| MID | 1/8/2023 | Phillips 66 | DCP Midstream LP | $3,800 |
To acquire more than 43% more interest in NGL pipeline system, bringing Phillips 66's total stake to 86.8%. |
| Renew | 1/6/23 | Canadian Utilities Ltd.; ATCO | Suncor Energy Inc. | CA$713 |
Closed an acquisition of Suncor's Canadian wind and solar projects that include 202 MW wind projects as well as other assets. |
| Renew | 1/3/2023 | Chevron Corp. | Beyond6 LLC; Mercuria Energy Trading | N/A |
Closed on acquisition of Beyond6 and its network of 55 compressed natural gas (CNG) stations across the US. |
| MID | 1/3/2023 | Targa Resources Corp. | Blackstone Energy Partners | $1,050 |
To acquire remaining 25% stake in the Grand Prix NGL Pipeline. |
| Renew | 12/30/2022 | Boralex Inc. | EDF Renewables North America | CA$339.7 |
Acquired a 50% interest in five operating wind farms in Texas and New Mexico in a deal valued at CAD$339.7 million (US$249.8 million). |
| E&P | 12/29/2022 | Sitio Royalties Corp. | Brigham Minerals Inc. | $4,800 |
Closed all-stock merger; combined company will consist of a total of 259,510 net royalty acres in the Permian Basin and other oil-focused regions. |
| Renew | 12/28/2022 | BP Plc | Archaea Energy Inc. | $4,100 |
Purchased Houston-based RNG producer, Archaea, which operates about 50 RNG and landfill gas-to-energy facilities across the U.S. |
| Renew | 12/27/2022 | Superior Plus Corp. | Centaurs Ltd. | CA$1,050 |
To acquire Certarus Ltd., a low-carbon energy solutions provider based in North America |
| E&P | 12/27/2022 | PHX Minerals Inc. | N/A | $10.7 |
To purchase WI in 151 non-operated Arkoma Basin wells and WI in 106 non-operated Eagle Ford wells |
| E&P | 12/27/2022 | Camber Energy Inc. | Brothers Investments LLC; Lake Boeuf Investments LLC; Bass TMJ LLC; James III Investments LLC | $69 |
To acquire working interests in approximately 169 proved, producing oil wells averaging about 2,000 net bbl/d of oil and other assets. |
| E&P | 12/27/2022 | Marathon Oil Corp. | Ensign Natural Resources LLC; Warburg Pincus LLC; Kayne Private Energy | $3,000 |
Closed acquistion of Ensign Eagle Ford assets comprising 130,000 net acres, more than 600 undrilled locations and 67,000 net boe/d of production spanning Live Oak, Bee, Karnes and Dewitt counties, TX. |
| E&P | 12/20/2022 | Surge Energy Inc. | Enerplus Corp. | CA$245 |
Closed acquisition of Alberta and Saskatchewan assets focused entirely within Surge’s Sparky and SE Saskatchewan core areas; includes production of roughly 3,000 boe/d (99% crude oil) on a net after deduction of royalties basis. |
| E&P | 12/19/2022 | Northern Oil and Gas Inc. | Nature N/A | $110 |
Closed acquisition of certain nonoperated properties within the Midland Basin of the Permian located in in Howard County, TX; includes 1,650 net acres and expected full-year 2023 average net production of 1,800 boe/d (roughly 72% oil) substantially operated by SM Energy. |
Recommended Reading
Commentary: Maximizing the Opportunity for Energy Dominance
2024-12-18 - Energy produced in the U.S. already has a strong grip on global markets. But with the country on the cusp of a new regulatory environment, will the U.S. capitalize on the opportunity to maximize energy dominance?
Exclusive: Arbo Monitoring Courts, Congress Amid Energy Policy Shifts
2024-12-09 - Chip Moldenhauer, CEO and founder of energy analytics company Arbo, gives insight into regulatory impacts the energy sector should watch for entering 2025, in this Hart Energy Exclusive interview.
Analysts: DOE’s LNG Study Will Result in Few Policy Changes
2024-12-18 - However, the Department of Energy’s most recent report will likely be used in lawsuits against ongoing and future LNG export facilities.
Dell: Folly of the Forecast—Why DOE’s LNG Study Will Invariably Be Wrong
2025-01-07 - Kimmeridge’s Ben Dell says the Department of Energy’s premise that increased LNG exports will raise domestic natural gas prices ignores a market full of surprises.
Biden-Led EPA Rolls Out Methane Fee Targeting Oil, Gas Emitters
2024-11-12 - Companies violating the new Environmental Protection Agency rules will start paying penalties next year based on methane emissions reported in calendar year 2024.
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.