A&D DEAL SHEET
|
|||||
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) |
Source: HartEnergy.com |
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.