A&D DEAL SHEET |
|||||
|---|---|---|---|---|---|
| Sector | Date Announced |
Buyer | Seller | Value (US$MM) |
Comments |
| E&P | 6/1/20 | Spartan Delta Corp. | Bellatrix Exploration Ltd. | CA$196.4 |
Purchased substantially all of bankrupt Bellatrix's assets located in the heart of the Alberta Deep Basin; includes assumption of CA$21.2 MM of estimated liabilities. (Completed; PSA announced April 2020) |
| S&S | 6/3/20 | ChampionX Corp.; Apergy Corp. | Ecolab Inc. | $4,400 |
Bought Ecolab’s Nalco Champion business in a combination forming ChampionX, headquartered in The Woodlands, TX with operations in over 55 countries. (Completed; PSA announced December 2019) |
| Renewable | 6/3/20 | Total SA | SSE Plc | $88 |
To acquire a 51% stake in the Seagreen 1 offshore wind farm project, located off the coast of Scotland in the UK North Sea. |
| E&P | 6/4/20 | Pegasus Resources LLC; EnCap Investments LP | Black Stone Minerals LP | $100 |
To purchase 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. (Expected to close July) |
| E&P | 6/4/20 | Undisclosed | Black Stone Minerals LP | $55 |
To buy mineral and royalty interests in specific tracts in Midland County, TX, in the Permian Basin. (Expected to close July) |
| Mid | 6/9/20 | Glenfarne Group LLC | LNG Ltd. | N/A |
Purchased the Magnolia LNG project, a Gulf Coast export terminal being developed in Lake Charles, LA. |
| E&P | 6/10/20 | Northern Oil and Gas Inc. | Undisclosed | $1.5 |
To acquire core Williston Basin properties comprising of 320 acres operated by WPX Energy; projected production of 1,200 boe/d. (Expected to close July 1) |
| S&S | 6/11/20 | Bristow Group Inc. | Era Group Inc. | N/A |
Acquired fellow Houston-based offshore helicopter company in an all-stock merger transaction. (Completed; PSA announced January 2020) |
| 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) |
For more up-to-date information on the latest deals visit Hart Energy’s online database of transactions.
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