A&D DEAL SHEET |
|||||
|---|---|---|---|---|---|
| Sector | Date Announced |
Buyer | Seller | Value (US$MM) |
Comments |
| Mid | 6/1/21 | Kinder Morgan Inc. | Consolidated Edison Inc.; Crestwood Equity Partners LP | $1,230 |
To buy StageCoach Gas Services, a natural gas pipeline and storage JV between Consolidated and Crestwood. (Expected to close 3Q 2021) |
| Mid | 6/1/21 | Pembina Pipeline Corp. | Inter Pipeline Ltd. | CA$8,300 |
To purchase all of the issued and outstanding shares of Inter Pipeline in a share-for-share transaction; asset include pipelines and infrastructure assets in Western Canada. |
| E&P | 6/2/21 | Colgate Energy Partners III LLC | Luxe Energy LLC | N/A |
Bought a majority of the assets owned by Luxe Energy in an all-stock transaction; includes roughly 22,000 net acres in the Permian Basin in Reeves and Ward counties, TX, with net daily production of about 17,000 boe/d. |
| E&P | 6/2/21 | Southwestern Energy Co. | Indigo Natural Resources LLC | $2,700 |
To acquire privately held Indigo Natural Resources, adding a 149,000 net-acre position in the Haynesville Shale in LA with 1.1 Bcf/d of net production and proved reserves as of year-end 2020 of 3.1 Tcf. (Expected to close 4Q 2021) |
| E&P | 6/7/21 | Civitas Resources Inc.; Bonanza Creek Energy Inc. | Crestone Peak Resources LLC; Canada Pension Plan Investment | N/A |
To acquire privately held Crestone Peak in an all-stock transaction; pro forma company will operate across more than half a million net acres in the D-J Basin with estimated production base of approximately 160,000 boe/d and year-end 2020 proved reserves of more than 530 million boe. (Expected to close 3Q 2021) |
| Mid | 6/7/21 | Trencap LP | Enbridge Inc. | $1,140 |
To purchase minority 38.9% stake in oil producer Noverco Inc., which indirectly owns a Quebec-based business with interests primarily in gas distribution and power distribution in Quebec and VT. (Expected to close early 2022) |
| Mid | 6/8/21 | Hartree Partners LP | Plains All American Pipeline LP | $850 |
To acquire the Pine Prairie and Southern Pines natural gas storage facilities along the US Gulf Coast consisting of approximately 70 Bcf of total working gas capacity across nine caverns in LA and MS, along with associated base gas, header pipelines and compression facilities. (Expected to close 3Q 2021) |
| E&P | 6/8/21 | Independence Energy LLC; KKR & Co. Inc. | Contango Oil & Gas Co. | N/A |
To acquire Forth Worth, TX-based Contango in an all-stock combination to create platform targeting acquisitions of low-decline, producing upstream oil and natural gas assets with an enterprise value of about $5.7 billion. (Expected to close by year-end 2021) |
| Mid | 6/9/21 | Empire Midstream LLC | Shell Midstream Partners LP | N/A |
Bought the Auger 12-inch pipeline which runs approximately 33 miles from the Enchilada Platform in the US GoM to a downstream subsea tie-in into the Eugene Island Pipeline System offshore LA. |
| E&P | 6/10/21 | Colgate Energy Partners III LLC | Occidental Petroleum Corp. | $508 |
To acquire roughly 25,000 net acres in the Permian in Reeves and Ward counties, TX, within the southern Delaware Basin with current production of approximately 10,000 boe/d from about 360 active wells. (Expected to close 3Q 2021) |
| E&P | 6/11/21 | Tourmaline Oil Corp. | Black Swan Energy Ltd. | CA$1,100 |
To acquire privately owned Montney operator Black Swan Energy, adding 230,000 net acres of Montney rights and over 50,000 boe/d of production. (Expected to close July) |
| 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) |
For more up-to-date information on the latest deals visit Hart Energy’s online database of transactions.
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