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.
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