A&D DEAL SHEET
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Sector |
Date |
Buyer |
Seller |
Value |
Comments |
|
Mid |
2/24/20 |
WaterBridge Resources LLC; Five Point Energy LLC |
Centennial Resource Development Inc. |
$225 |
To acquire Centennial's southern Delaware Basin produced water infrastructure in Reeves County, TX; includes $150 MM in upfront cash and additional $75 MM incentive payments over 3-year period. (Expected to close March) |
|
E&P |
2/26/20 |
Lonestar Resources US Inc. |
Undisclosed |
N/A |
Formed JV to develop an AMI encompassing about 15,000 acres in the Eagle Ford Shale in Gonzales County, TX, in the Cyclone/Hawkeye area. |
|
E&P |
2/26/20 |
Undisclosed |
HighPoint Resources Corp. |
$27 |
To buy nonoperated HighPoint assets in three separate transactions; combined production was about 2,000 boe/d during January 2020. (Expected to close 2Q 2020) |
|
Mid |
2/28/20 |
Shell Midstream Partners LP |
Royal Dutch Shell Plc |
N/A |
To buy through a dropdown of 79% interest in the Mattox Pipeline serving the Shell-operated Appomattox platform in the US GoM and certain logistics assets at the Shell Norco Manufacturing Complex. (Expected to close 2Q 2020) |
|
E&P |
2/28/20 |
Undisclosed |
Lilis Energy Inc. |
$24.9 |
Bought about 1,185 undeveloped Permian Basin acres in Lea County, NM. (Completed; PSA announced Feb. 14) |
|
E&P |
3/2/20 |
Talos Energy Inc. |
ILX Holdings LLC; Castex Energy LLC; Venari Resources LLC |
$640 |
Acquired a broad portfolio of US GoM producing assets, exploration prospects and acreage including over 40 identified exploration prospects located on a total acreage footprint of roughly 700,000 gross acres; 3Q 2019 production was bout 19,000 boe/d (65% oil and over 70% liquids). (Completed ILX agreement Feb. 28; agreement with Venari previously closed; PSAs announced December 2019) |
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Source: HartEnergy.com |
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For more up-to-date information on the latest deals visit Hart Energy’s online database of transactions.
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