A&D DEAL SHEET |
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|---|---|---|---|---|---|
| Sector | Date Announced |
Buyer | Seller | Value (US$MM) |
Comments |
| E&P | 6/14/21 | Earthstone Energy Inc. | Undisclosed; Titanium Exploration Partners LLC: EnCap Investments LP | $48 |
Acquired working interests in Eagle Ford assets the company operates located in southern Gonzales County, Texas, from four separate sellers including two affiliates of Titanium, an EnCap-backed company. |
| S&S | 6/15/21 | Proserv Group Inc. | Dron & Dickson | N/A |
Purchased the trade and assets of Dron & Dickson Electromechanical Contracting LLC, the Middle Eastern business of UK-based industrial equipment supplier Dron & Dickson focused on the supply, assembly and maintenance of hazardous area and industrial electrical equipment. |
| S&S | 6/16/21 | Enverus | Integrity Title Co. | N/A |
Bought Integrity Title Co., the largest provider of title plant access in TX and NM. |
| E&P | 6/16/21 | Northern Oil and Gas Inc. | Undisclosed | $102.2 |
To buy nonoperated interests across approximately 2,900 net acres located in the core of the Delaware Basin in Reeves County, TX, and Lea and Eddy counties, NM. (Expected to close 3Q 2021) |
| S&S | 6/21/21 | Encore Green Environmental Technologies & Licensing | XRI Holdings LLC | N/A |
Purchased a Fountain Quail water treatment technology and equipment formerly known as NOMAD, adding a proven desalination system to its operations in WY. |
| S&S | 6/21/21 | Rod and Tubing Services LLC; Lime Rock Partners | Certus Energy Solutions; Amberjack Capital Partners | N/A |
Acquired through a combination forming the premier provider of oilfield tubular inspection and integrity services. |
| E&P | 6/22/21 | Surge Energy Inc. | Astra Oil Corp. | CA$160 |
To acquire Astra Oil, more than 4,100 boe/d (90% liquids) of operated, light oil production focused primarily in the SE Saskatchewan region of the Western Canadian Sedimentary Basin. (Expected to close August) |
| S&S | 6/24/21 | Ensign Energy Services Inc. | Nabors Industries Ltd. | N/A |
To buy Nabors’ Canadian drilling assets comprising of 35 land-based drilling rigs plus related equipment and certain real property. |
| E&P | 6/25/21 | Royal Dutch Shell Plc | BP Plc | N/A |
To buy 27.5% stake in the Shearwater North Sea, increasing its holdings in the gas field, which it operates, to 55.5%. |
| S&S | 6/28/21 | Baker Hughes Co. | Electrochaea GmbH | N/A |
Acquired a 15% stake as part of a recent investment in the startup focused on the production of natural gas from hydrogen and CO₂, known as synthetic natural gas. |
| E&P | 6/28/21 | Kiwetinohk Resources Corp.; ARC Financial Corp. | Distinction Energy Corp. | N/A |
To acquire Distinction, formerly Delphi Energy, with accumulated property in the Montney resource near Fox Creek, Alberta. |
| E&P | 6/28/21 | Trafigura AG | Vista Oil & Gas SAB de CV | $25 |
Formed JV for the development of five pads of four wells each in Bajada del Palo Oeste, a shale oil development in Argentina’s Vaca Muerta Shale. |
| S&S | 6/29/21 | Enverus | Marginal Unit Inc. | N/A |
Purchased Marginal Unit, an Austin, TX-based power market analytics firm providing grid congestion modeling and analytics software for the power markets. |
| E&P | 6/30/21 | Dorchester Minerals LP | Undisclosed | N/A |
Bought ORRI in the Bakken Trend totaling approximately 6,400 net royalty acres under 63,000 gross acres located in Dunn, McKenzie, McLean and Mountrail counties, ND, in exchange for 725,000 common LP units. (Completed; PSA announced May 2021) |
| Mid | 7/1/21 | DT Midstream Inc. | DTE Energy Co. | N/A |
Formed through the spinoff of DTE Energy's gas pipeline business, which transports natural gas extracted from shale basins in Appalachia and the Haynesville in LA, into a publicly-traded company. |
| E&P | 7/1/21 | Laredo Petroleum Inc. | Sabalo Energy LLC; EnCap Investments LP; Undisclosed | $715 |
Purchased the assets of Sabalo Energy and a nonoperating partner including roughly 21,000 contiguous net acres directly offsetting Laredo’s existing Howard County, TX, leasehold in the Midland Basin of the Permian; current production is about 14,500 boe/d (83% oil, three stream) and PDP reserves are approximately 30 million boe (73% oil, three stream). (Completed; PSA announced May 2021) |
| E&P | 7/1/21 | Undisclosed; Sixth Street Partners LLC | Laredo Petroleum Inc. | $405 |
Bought operated PDP reserves in gas-weighted legacy assets in Reagan and Glasscock counties, TX, in the Permian Basin; comprises 37.5% of Laredo’s WI in the assets, wellbore WI only, and does not include undeveloped locations. (Completed; PSA announced May 2021) |
| S&S | 7/5/21 | ChampionX Corp. | Scientific Aviation Inc. | N/A |
Purchased Scientific Aviation, a market leader in site-specific and regional methane emissions monitoring solutions for continuous and periodic monitoring applications based in Boulder, CO. |
| E&P | 7/5/21 | Diversified Energy Co. Plc | Blackbeard Operating LLC | $180 |
Purchased 123,000 net acres, 16,000 barrels of oil equivalent per day and 840 net wells in the Barnett Shale. (Completed; PSA announced May 2021) |
| E&P | 7/6/21 | Crowheart Energy LLC | The Williams Cos. Inc. | N/A |
Formed upstream JV consolidates three legacy upstream assets into one contiguous footprint in the Wamsutter Field of the Greater Green River Basin covering over 1.2 million net acres in WY. |
| S&S | 7/6/21 | Patterson-UTI Energy Inc. | Pioneer Energy Services Corp. | $295 |
To acquire San Antonio-based Pioneer, a contract driller with a fleet of 17 drilling rigs in the US plus eight rigs in Colombia that also provides a number of well and production services. (Expected to close 4Q 2021) |
For more up-to-date information on the latest deals visit Hart Energy’s online database of transactions.
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