A&D DEAL SHEET |
|||||
|---|---|---|---|---|---|
| Sector | Date Announced |
Buyer | Seller | Value (US$MM) |
Comments |
| E&P | 10/11/21 | Citizen Energy LLC; Warburg Pincus LLC | Undisclosed | $153 |
To acquire 28,000 net acres (94% HBP) located primarily in Blaine, Canadian and Kingfisher Cos., OK, largely within Citizen’s existing Anadarko Basin footprint; includes net production of 8,000 boe/d (58% gas, 25% NGL) from 97 operated wells and 400 nonoperated wells. (Expected to close 4Q 2021) |
| E&P | 10/11/21 | SilverBow Resources Inc. | Undisclosed | $75 |
To acquire from two sellers 17,000 total net acres in the oil window of the Eagle Ford shale play in La Salle, McMullen, DeWitt and Lavaca cos., TX, with approximately 2,500 boe/d (71% liquids / 46% oil) of net production in May from 111 PDP wells; includes over 100 net drilling locations. |
| Mid | 10/12/21 | Rattler Midstream LP; Diamondback Energy Inc. | West Texas Gas Inc. | $104 |
Purchased a majority interest in a Midland Basin gas gathering and processing company through a JV; assets primarily consist of an interconnected gas gathering system and six major gas processing plants servicing the Midland Basin with 925 MMcf/d of total processing capacity. |
| E&P | 10/13/21 | Ghana National Petroleum Corp. | Occidental Petroleum Corp. | $200 |
To buy a portion of Occidental’s interests in both the Jubilee and TEN fields in Ghana. (Expected to close 4Q 2021) |
| E&P | 10/13/21 | Kosmos Energy Ltd. | Occidental Petroleum Corp. | $550 |
Bought an additional 18% interest in the Jubilee Field and an additional 11% interest in the TEN fields in Ghana. |
| E&P | 10/14/21 | Otto Energy Ltd. | Undisclosed | $1.1 |
Purchased a participating interest in two onshore prospects in TX testing the Wilcox play comprising the Schindler Well in Colorado County and the Eaves Well in Lavaca County. |
| 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 | 10/27/21 | 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) |
For more up-to-date information on the latest deals visit Hart Energy’s online database of transactions.
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