A&D DEAL SHEET |
|||||
|---|---|---|---|---|---|
| Sector | Date Announced |
Buyer | Seller | Value (US$MM) |
Comments |
| 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) |
| Mid | 6/29/20 | Sabine Oil & Gas LLC; Osaka Gas Co. Ltd. | Align Midstream Partners II LLC; Tailwater Capital LLC | N/A |
Formed Haynesville/Cotton Valley midstream JV; includes pipeline located in E TX Carthage area with interconnections to downstream takeaway markets. |
| Mid | 7/5/20 | Berkshire Hathaway Inc. | Dominion Energy Inc. | $9,700 |
To purchase Dominion's natural gas transmission and storage business; includes over 7,700 miles of natural gas transmission lines, with about 20.8 Bcf/d of transportation capacity and 900 Bcf of operated natural gas storage with 364 Bcf of company-owned working storage capacity, and partial ownership of an LNG export facility plus assumption of $5.7 B debt. (Expected to close 4Q 2020) |
| E&P | 7/8/20 | Undisclosed | Harvest Oil & Gas Corp. | $20.5 |
To purchase Appalachian Basin assets representing substantially all of the assets of Harvest in a cash and stock transaction; includes assets in the Utica Shale located across OH, PA and WV. (Expected to close August) |
For more up-to-date information on the latest deals visit Hart Energy’s online database of transactions.
Recommended Reading
NextDecade Plans 3 More Trains at Rio Grande LNG
2025-02-28 - Houston-based NextDecade continues to build the Rio Grande LNG Center in Brownsville, Texas, as its permits filed with the Federal Energy Regulatory Commission continue to go through the legal process.
Commercial Operations at Calcasieu Pass LNG to Begin in April
2025-02-18 - Venture Global started selling LNG at the plant in 2022, angering its long-term customers.
Predictions 2025: Downward Trend for Oil and Gas, Lots of Electricity
2025-01-07 - Prognostications abound for 2025, but no surprise: ample supplies are expected to keep fuel prices down and data centers will gobble up power.
Venture Global's LNG Tanker Heading Towards Germany, LSEG Data Shows
2024-12-26 - U.S. LNG company Venture Global LNG's tanker Venture Bayou is currently stationed at the Plaquemines LNG export plant.
Expand CFO: ‘Durable’ LNG, Not AI, to Drive US NatGas Demand
2025-02-14 - About three-quarters of future U.S. gas demand growth will be fueled by LNG exports, while data centers’ needs will be more muted, according to Expand Energy CFO Mohit Singh.
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.