A&D DEAL SHEET |
|||||
|---|---|---|---|---|---|
| Sector | Date Announced |
Buyer | Seller | Value (US$MM) |
Comments |
| 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) |
| Mid | 6/17/20 | Equitrans Midstream Corp. | EQM Midstream Partners LP | N/A |
Bought all outstanding common units representing LP interests in EQM not already owned through a merger launching a standalone company with a single C-Corp structure focused in the Appalachian Basin's Marcellus and Utica shale plays. (Completed; PSA announced February 2020) |
| 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. |
For more up-to-date information on the latest deals visit Hart Energy’s online database of transactions.
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