A&D DEAL SHEET |
|||||
|---|---|---|---|---|---|
| Sector | Date Announced |
Buyer | Seller | Value (US$MM) |
Comments |
| Mid | 10/21/21 | EagleClaw Midstream; I Squared Capital; Blackstone Energy Partners LP | Altus Midstream Co.; Apache Corp. | N/A |
Agreed to an all-stock business with Altus Midstream that will create the largest pure-play midstream company in the Permian Basin focused primarily in the southern Delaware Basin in W TX. (Expected to close 1Q 2022) |
| E&P | 10/21/21 | Oasis Petroleum Inc. | Diamondback Energy Inc. | $745 |
Acquired Diamondback’s Williston Basin asset in the Bakken comprising approximately 95,000 net acres with estimated net production of 25,000 boe/d for full-year 2021. (Completed; PSA announced May 2021) |
| Mid | 10/21/21 | Rattler Midstream LP | Diamondback Energy Inc. | $160 |
To purchase certain water midstream assets through a dropdown, consisting primarily of produced water gathering and disposal systems, produced water recycling facilities and sourced water gathering and storage assets. (Expected to close 4Q 2021) |
| S&S | 10/22/21 | ProFrac Holdings LLC | FTS International Inc. | $407.5 |
To acquire Fort Worth, TX-based FTS for $26.52 per share in an all-cash transaction set to create the largest completions focused service companies in the US oil and gas industry. (Expected to close 1Q 2022) |
| S&S | 10/25/21 | Wilks Brothers LLC | Dawson Geophysical Co. | N/A |
To buy the Midland, TX-based provider of onshore seismic data acquisition services in both Canada and the Lower 48 through a tender offer for all of its outstanding common shares for $2.34 per share in cash. (Expected to close 4Q 2021) |
| Mid | 10/26/21 | Crestwood Equity Partners LP | Oasis Midstream Partners LP; Oasis Petroleum Inc. | $1,800 |
To acquire Oasis Petroleum’s midstream affiliate with assets are located in the heart of the oil-rich Bakken and Permian basins; equity and cash transaction includes assumption of $660 MM in outstanding debt. (Expected to close 1Q 2022) |
| Mid | 10/27/21 | Phillips 66 Co. | Phillips 66 Partners LP | $3,400 |
To buy remaining Phillips 66 Partners units not already owned as part of an all-stock, MLP simplification transaction. (Expected to close 1Q 2022) |
| E&P | 11/1/21 | Chesapeake Energy Corp. | Vine Energy Inc.; Blackstone Energy Partners LP | $2,200 |
Acquired Vine, an energy company focused on the development of natural gas properties in the overpressured stacked Haynesville and Mid-Bossier shale plays in NW LA. (Completed; PSA announced August 2021) |
| E&P | 11/1/21 | Civitas Resources Inc.; Bonanza Creek Resources Inc. | Extraction Oil & Gas Inc. | $1,400 |
Acquired through an all-stock merger, forming Civitas Resources, with approximately 425,000 net acres in CO’s D-J Basin, a production base of 117,000 boe/d and aggregate enterprise value of $2.6 B. (Completed; PSA announced May 2021) |
| E&P | 11/1/21 | Civitas Resources Inc. | Crestone Peak Resources LLC; Canada Pension Plan Investment Board | N/A |
Acquired privately held Crestone Peak in an all-stock transaction; pro forma company will operate across more than half a million net acres in the D-J Basin with estimated production base of approximately 160,000 boe/d and year-end 2020 proved reserves of more than 530 million boe. (Completed; PSA announced June 2021) |
| E&P | 11/1/21 | PHX Minerals Inc. | Undisclosed | $1.2 |
Bought approximately 220 net royalty acres located primarily in OK’s Stephens County in the same area of the SCOOP Springboard III play. |
| E&P | 11/1/21 | Undisclosed | PHX Minerals Inc. | $2.1 |
Purchased package of 499 nonoperated legacy working interest wellbores located in AR’s Fayetteville Shale; mineral rights not included in transaction. |
For more up-to-date information on the latest deals visit Hart Energy’s online database of transactions.
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