A&D DEAL SHEET |
|||||
|---|---|---|---|---|---|
| Sector | Date Announced |
Buyer | Seller | Value (US$MM) |
Comments |
| Mid | 5/11/20 | Global Energy Megatrend Ltd. | LNG Ltd. | $2.25 |
To purchase the Magnolia LNG project, a Gulf Coast export terminal being developed in Lake Charles, LA; includes transfer of 16 employees, patents and project debt. (Expected to close May 15) |
| S&S | 5/11/20 | Undisclosed | Precision Compression LLC; Post Oak Energy Capital LP | N/A |
Bought equity stake in Weatherford, TX-based Precision Compression in an all-cash transaction. |
| E&P | 5/11/20 | Magnolia Oil & Gas Corp. | Undisclosed | $71.3 |
Bought certain nonoperated oil and natural gas assets located within the Eagle Ford Shale in Karnes and DeWitt counties, TX. (Completed February 2020) |
| S&S | 5/12/20 | JD Fields & Co. Inc. | Alameda Pipe & Steel Co. | N/A |
Purchased 85-year-old steel products manufacturer based in Gardena, CA. |
| Mid | 5/15/20 | WaterBridge Resources LLC; Five Point Energy LLC | Centennial Resource Development Corp. | $225 |
Transaction terminated by Centennial for the acquisition of its southern Delaware Basin produced water infrastructure in Reeves County, TX. (PSA announced February 2020) |
| Mid | 5/25/20 | KKR & Co. Inc.; Alberta Investment Management Corp. (AIMCo) | TC Energy Corp. | CA$2,100 |
Bought a 65% Coastal GasLink stake, which will move gas in Canada from NE British Columbia to the Pacific Coast. (Completed; PSA announced December 2019) |
| E&P | 5/26/20 | Diversified Gas & Oil Plc | EQT Corp. | $125 |
Bought upstream and midstream Appalachia assets across PA and WV; includes about 900 net operated wells and 8,500 net acres HBP and prospective for future Marcellus and Utica development. (Completed; PSA announced May 11) |
| E&P | 5/27/20 | Santos Ltd. | ConocoPhillips Co. | $1,390 |
Bought ConocoPhillips subsidiaries that hold its Australia-West assets and operations; includes interest in Athena, Bayu-Undan, Bayu-Undan and Poseidon fields, the Barossa project and the Darwin LNG facility and about 50,000 boe/d of production. (Completed; PSA announced October 2019) |
| 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) |
For more up-to-date information on the latest deals visit Hart Energy’s online database of transactions.
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