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. |
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