A&D DEAL SHEET |
|||||
|---|---|---|---|---|---|
| Sector | Date Announced |
Buyer | Seller | Value (US$MM) |
Comments |
| E&P | 6/15/20 | Sixth Street Partners LLC | Antero Resources Corp. | $402 |
Bought ORRI in Antero's Appalachian Basin position located across WV and OH; includes $300 MM at closing and up to an additional $102 MM consisting of two contingent payments over the next year. |
| Mid | 6/16/20 | Saudi Aramco | Saudi Basic Industries Corp. (SABIC) | $69,100 |
Bought a majority 70% stake in petrochemicals group SABIC. (Completed; PSA announced March 2019) |
| Mid | 6/17/20 | Equitrans Midstream Corp. | EQM Midstream Partners LP | N/A |
Bought all outstanding common units representing LP interests in EQM not already owned through a merger launching a standalone company with a single C-Corp structure focused in the Appalachian Basin's Marcellus and Utica shale plays. (Completed; PSA announced February 2020) |
| E&P | 6/22/20 | Talos Energy Inc. | Castex Energy LLC; Riverstone Holdings LLC | $65 |
To acquire 16 selected assets US GoM Shelf area averaging 6,400 boe/d of production (15% oil/85% natural gas), including operatorship of 11 fields in which WI was previously acquired. (Expected to close 3Q 2020) |
| Mid | 6/23/20 | Global Infrastructure Partners; Ontario Teachers' Pension Plan; Snam SpA; NH Investment & Securities Co. Ltd. | Abu Dhabi National Energy Co. (ADNOC) | $10,100 |
Purchased a 49% stake in newly formed subsidiary ADNOC Gas Pipeline Assets comprising select ADNOC gas pipeline assets valued at $20.7 B. |
| Mid | 6/25/20 | Empire Pipeline LLC | Shell Oil Co.; Equilon Enterprises LLC (d/b/a Shell Oil Products US) | N/A |
Acquired the Gibson crude oil terminal in Terrebonne Parish, LA; comprised of 300,000 bbl of crude oil tankage for storage or blending services. |
| S&S | 6/25/20 | Proserv Group Inc. | Dril-Quip Inc. | N/A |
Formed JV establishing a framework where Dril-Quip supplies subsea trees and Proserv the subsea controls. |
| Mid | 6/29/20 | Black Bear Transmission LLC; Basalt Infrastructure Partners LLP | Third Coast Midstream LLC | N/A |
To purchase a portfolio of natural gas transmission assets that includes six intrastate natural gas pipelines spanning approximately 1,400 miles in AL, LA and MS with total capacity of more than 800 MMcf/d. (Expected to close 2H 2020) |
| E&P | 6/29/20 | Energean Oil & Gas Plc | Edison SpA | $284 |
To purchase the oil and gas division of Italian energy company Edison including assets in Egypt, Italy, the UK North Sea and Croatia; deal revised June 2020 to exclude Algeria and Norwegian assets. |
| Down | 6/29/20 | Ineos Group Ltd. | BP Plc | $5,000 |
To purchase BP global petrochemicals business including stakes in manufacturing plants in the U.S., Trinidad and Tobago, Britain, Belgium, China, Malaysia and Indonesia. (Expected to close year-end 2020) |
For more up-to-date information on the latest deals visit Hart Energy’s online database of transactions.
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