A&D DEAL SHEET |
|||||
|---|---|---|---|---|---|
| Sector | Date Announced |
Buyer | Seller | Value (US$MM) |
Comments |
| E&P | 7/20/20 | Chevron Corp. | Noble Energy Inc. | $13,000 |
To acquire in all-stock transaction Houston-based Noble, which has U.S. shale assets in the Permian, D-J and Eagle Ford basins including a publicly traded midstream business plus international positions in the Eastern Mediterranean and offshore West Africa; includes assumption of $8 B in debt. (Expected to close 4Q 2020) |
| S&S | 7/20/20 | Wilks Brothers LLC | CARBO Ceramics Inc. | N/A |
Purchased Houston-based global technology company CARBO Ceramics through a debt-for-equity exchange pursuant to a plan of reorganization in a Chapter 11 bankruptcy case. |
| E&P | 7/22/20 | ConocoPhillips Co. | Kelt Exploration Ltd. | $405 |
To acquire 140,000 net acres located adjacent to its Montney position in the liquids-rich Inga-Fireweed field in Canada, adding over 1,000 well locations and about 15,000 boe/d; transaction includes assumption of $30 MM in financing obligations for associated partially owned infrastructure. (Expected to close 3Q 2020) |
| Mid | 7/22/20 | Undisclosed | Montage Resources Corp. | $25 |
To buy a Utica wellhead gas and liquids gathering infrastructure in OH. (Expected to close 4Q 2020) |
| Mid | 7/24/20 | NRG Energy Inc. | Centrica Plc; Direct Energy LP | $3,630 |
To acquire the Houston-based Direct Energy, a retail provider of electricity, natural gas and home and business energy-related services in North America. |
| Mid | 7/27/20 | CNX Resources Inc. | CNX Midstream Partners LP | $357 |
To purchase the remaining public stake, comprising about 42.1 million outstanding common units, of CNX Midstream Partners, which has assets in the Appalachian Basin in PA and WV. (Expected to close 4Q 2020 |
| E&P | 7/27/20 | Lukoil | Cairn Energy Plc | $400 |
To purchase 40% interest in the Rufisque, Sangomar and Sangomar Deep contract area offshore Senegal in W Africa. |
| E&P | 7/27/20 | Pegasus Resources LLC; EnCap Investments LP | Black Stone Minerals LP | $95.5 |
Purchased a 57% undivided interest across parts of the Delaware Basin and a 32% undivided interest across parts of the Midland Basin position in the Permian. (Completed; PSA announced June 2020) |
| E&P | 7/27/20 | Undisclosed | Black Stone Minerals LP | $54.5 |
Bought mineral and royalty interests in specific tracts in Midland County, TX, in the Permian Basin. (Completed; PSA announced June 2020) |
| S&S | 7/28/20 | KLX Energy Services Holdings Inc. | Quintana Energy Services Inc. | N/A |
Acquired Quintana in an all-stock merger to form company providing production, completion and drilling solutions in all major US onshore oil and gas basins. (Completed; PSA announced May 2020) |
| E&P | 7/28/20 | Undisclosed | Riviera Resources Inc. | $26.5 |
To buy interest in N LA properties, consisting of about 100 wells averaging 16 MMcfe/d of net production in 2Q 2020. (Expected to close 3Q 2020) |
For more up-to-date information on the latest deals visit Hart Energy’s online database of transactions.
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