A&D DEAL SHEET |
|||||
|---|---|---|---|---|---|
| Sector | Date Announced |
Buyer | Seller | Value (US$MM) |
Comments |
| S&S | 5/3/20 | KLX Energy Services Holdings Inc. | Quintana Energy Services Inc. | N/A |
To merge in an all-stock merger to form company providing production, completion and drilling solutions in all major US onshore oil and gas basins. (Expected to close 2H 2020) |
| E&P | 5/4/20 | National Fuel Gas Co. | Royal Dutch Shell Plc | $541 |
To buy Shell's Appalachia shale position of upstream and midstream assets; includes roughly 450,000 net leasehold acres across PA with about 350 producing Marcellus and Utica wells located in Tioga County. (Expected to close July 31) |
| E&P | 5/4/20 | HighPeak Energy Inc. | Pure Acquisition Corp. | N/A |
To merge in a business combination with blank-check company Pure Acquisition forming a Midland Basin pure-play with 51,000-net-acre position primarily in Howard County, TX, more than 90% operated and anticipated net production of about 12,000 boe/d (more than 80% oil). (Expected to close 3Q 2020) |
| Mid | 5/5/20 | Crestwood Equity Partners LP | Plains All American Pipeline LP | $160 |
Acquired several NGL storage and rail-to-truck LPG terminals located in high demand markets across the central and eastern US; include 7 MMbbl of NGL storage and 7 LPG. (Completed April 1; PSA signed February 2020) |
| 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 | Diversified Gas & Oil Plc | EQT Corp. | $125 |
To buy 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. |
| 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) |
For more up-to-date information on the latest deals visit Hart Energy’s online database of transactions.
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