A&D DEAL SHEET

Sector

Date
Announced

Buyer

Seller

Value
(US$MM)

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)

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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.

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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)

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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)

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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)

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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