A&D DEAL SHEET |
|||||
---|---|---|---|---|---|
Sector | Date Announced |
Buyer | Seller | Value (US$MM) |
Comments |
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) |
E&P | 9/16/20 | U.S. Energy Development Corp. | Royal Dutch Shell Plc | $8.5 |
Formed a JV through the purchase of an interest in the Columbia Project development within the Permian Basin in Loving County, TX, targeting the Wolfcamp Shale. |
E&P | 9/17/20 | Zarvone Energy LLC | Approach Resources Inc. | $115.5 |
To purchase essentially all of the assets of Fort Worth, TX-based Approach Resources through a bankruptcy auction; includes leasehold within the Permian's Midland Basin largely located in the Wolfcamp Shale in W TX. |
For more up-to-date information on the latest deals visit Hart Energy’s online database of transactions.
Recommended Reading
Not Sweating DeepSeek: Exxon, Chevron Plow Ahead on Data Center Power
2025-02-02 - The launch of the energy-efficient DeepSeek chatbot roiled tech and power markets in late January. But supermajors Exxon Mobil and Chevron continue to field intense demand for data-center power supply, driven by AI technology customers.
BlackRock CEO: US Headed for More Inflation in Short Term
2025-03-11 - AI is likely to cause a period of deflation, Larry Fink, founder and CEO of the investment giant BlackRock, said at CERAWeek.
Transocean President, COO to Assume CEO Position in 2Q25
2025-02-19 - Transocean Ltd. announced a CEO succession plan on Feb. 18 in which President and COO Keelan Adamson will take the reins of the company as its chief executive in the second quarter of 2025.
Ovintiv Names Terri King as Independent Board Member
2025-01-28 - Ovintiv Inc. has named former ConocoPhillips Chief Commercial Officer Terri King as a new independent member of its board of directors effective Jan. 31.
Independence Contract Drilling Emerges from Chapter 11 Bankruptcy
2025-01-21 - Independence Contract Drilling eliminated more than $197 million of convertible debt in the restructuring process.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.