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.
Recommended Reading
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.