A&D DEAL SHEET |
|||||
|---|---|---|---|---|---|
| Sector | Date Announced |
Buyer | Seller | Value (US$MM) |
Comments |
| E&P | 3/4/20 | W&T Offshore Inc. | ConocoPhillips Co. | N/A |
To buy the remaining 25% working interest in the Magnolia Field, located in the central region of the deepwater US GoM, offshore LA. (Expected to close March 31) |
| E&P | 3/5/20 | Crestone Peak Resources LLC; Canada Pension Plan Investment Board; The Broe Group | ConocoPhillips Co. | $380 |
Acquired Niobrara assets located in the southern D-J Basin with 11,000 boe/d of production for 2019; includes about 98,000 net acres in NE CO. |
| E&P | 3/5/20 | Navitas Petroleum US LLC | Denbury Resources Inc. | $50 |
Bought 50% WI in four SE TX oil fields consisting of Webster, Thompson, Manvel and East Hastings. (Completed; PSA announced December 2019) |
| E&P | 3/5/20 | U.S. Energy Corp. | New Horizon Resources LLC | $0.4 |
Bought New Horizon Resources in a cash and stock transaction; includes assets in a mature Williston Basin field, primarily in McKenzie and Divide counties, ND. |
| E&P | 3/5/20 | Undisclosed | ConocoPhillips Co. | N/A |
Purchased the Waddell Ranch property, a conventional asset located in the Permian Basin with associated production associated of 4,000 boe/d for 2019. |
| E&P | 3/6/20 | International Petroleum Corp. | Granite Oil Corp. | $59 |
Acquired Calgary, Alberta-based Granite and its light oil position in the Alberta Bakken play; includes assumption of debt. (Completed; PSA announced January 2020) |
| E&P | 3/6/20 | WPX Energy Inc. | Felix Energy Holdings II LLC; EnCap Investments LP | $2,500 |
Acquired PE-backed Felix Energy II, which has a 58,500 net acre position in the Permian's Delaware Basin in W TX projected to be producing about 60,000 boe/d (70% oil) at time of closing. (Completed; PSA announced December 2019) |
| S&S | 3/9/20 | Basic Energy Services Inc. | NexTier Oilfield Solutions Inc. | $94 |
Purchased the production operations from NexTier Oilfield Solutions, known as C&J Well Services, which is the third-largest rig servicing provider in the US. |
| Mid | 3/12/20 | TC Energy Corp. | Tidewater Midstream and Infrastructure Ltd.; TransAlta Corp. | C$255 |
To buy Pioneer Pipeline, a 131 km pipeline used to transport sweet natural gas in Alberta. (Entered LOI; PSA expected 2Q 2020) |
For more up-to-date information on the latest deals visit Hart Energy’s online database of transactions.
Recommended Reading
Hess Corp. Bucks E&P Trend, Grows Bakken Production by 7%
2025-01-29 - Hess Corp. “continues to make the most of its independent status,” delivering earnings driven by higher crude production and lower operating costs, an analyst said.
What's Affecting Oil Prices This Week? (Feb. 3, 2025)
2025-02-03 - The Trump administration announced a 10% tariff on Canadian crude exports, but Stratas Advisors does not think the tariffs will have any material impact on Canadian oil production or exports to the U.S.
Artificial Lift Firm Flowco’s Stock Surges 23% in First-Day Trading
2025-01-22 - Shares for artificial lift specialist Flowco Holdings spiked 23% in their first day of trading. Flowco CEO Joe Bob Edwards told Hart Energy that the durability of artificial lift and production optimization stands out in the OFS space.
EON Deal Adds Permian Interests, Restructures Balance Sheet
2025-02-11 - EON Resources Inc. will acquire Permian overriding royalty interests in a cash-and-equity deal with Pogo Royalty LLC, which has agreed to reduce certain liabilities and obligations owed to it by EON.
Utica Oil’s Infinity IPO Values its Play at $48,000 per Boe/d
2025-01-30 - Private-equity-backed Infinity Natural Resources’ IPO pricing on Jan. 30 gives a first look into market valuation for Ohio’s new tight-oil Utica play. Public trading is to begin the morning of Jan. 31.
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.