A&D DEAL SHEET |
|||||
|---|---|---|---|---|---|
| Sector | Date Announced |
Buyer | Seller | Value (US$MM) |
Comments |
| E&P | 8/31/20 | Whitecap Resources Inc. | NAL Resources Ltd. | C$155 |
To buy NAL Resources, which has oil and gas operations in Alberta and Saskatchewan and is currently producing approximately 27,000 boe/d (55% oil and NGL). (Expected to close January 2021) |
| S&S | 9/1/20 | Liberty Oilfield Services Inc. | Schlumberger Ltd.; OneStim | N/A |
To purchase OneStim, Schlumberger’s North America fracking business that includes pressure pumping, pumpdown perforating, and Permian frac sand assets; in exchange, Schlumberger will receive a 37% equity interest in the combined company. (Expected to close 4Q 2020) |
| E&P | 9/1/20 | Ovintiv Inc. | PetroChina Co. Ltd. | N/A |
Acquired a consolidated interest in approximately 250,000 net acres in the Duvernay Shale play in Alberta after ending JV; includes average net production of 13,000 boe/d (43% liquids). |
| E&P | 9/7/20 | Undisclosed | Sumitomo Corp. | N/A |
Purchased 30% stake in Marcellus Shale project, which is the currently owned and operated by PennEnergy Resources. |
| Mid | 9/9/20 | Black Bear Transmission LLC; Basalt Infrastructure Partners LLP | Third Coast Midstream LLC | N/A |
Purchased a portfolio of natural gas transmission assets that includes six intrastate natural gas pipelines spanning approximately 1,400 miles in AL, LA and MS with total capacity of more than 800 MMcf/d. (Completed; PSA announced June 2020) |
| Mid | 9/9/20 | Pin Oak Midstream LLC | Laurel Mountain Midstream LLC; Williams Cos. Inc.; Chevron Corp. | N/A |
Bought the Jackson Center assets comprised of natural gas gathering pipelines and compressor stations in the Appalachian Basin in NW PA. |
| E&P | 9/9/20 | Royal Dutch Shell Plc | Kosmos Energy Ltd. | $200 |
To buy participating interest in select frontier exploration assets including blocks offshore São Tomé & Príncipe, Suriname, Namibia and South Africa; consideration comprises $100 MM upfront cash payment and future contingent payments of up to $100 MM. (Expected to close 4Q 2020) |
| Renewable | 9/10/20 | BP Plc | Equinor ASA | $1,100 |
To acquire a 50% interest in both the Empire Wind and Beacon Wind assets located on the US East Coast; includes new strategic partnership to jointly develop offshore wind projects in the US. (Expected to close early 2021) |
| E&P | 9/10/20 | Northern Oil and Gas Inc. | Undisclosed | $11.9 |
Acquired nonoperated interests within the Permian's Delaware sub-basin; includes acreage and proposed wells in Lea County, NM, operated by EOG Resources. |
| S&S | 9/10/20 | Pelican Energy Partners LP | Baker Hughes Co. | N/A |
To buy the surface pressure control (SPC) flow business unit with operations in the U.S., Australia, Papua New Guinea and Trinidad & Tobago. (Expected to close 4Q 2020) |
For more up-to-date information on the latest deals visit Hart Energy’s online database of transactions.
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