A&D DEAL SHEET |
|||||
|---|---|---|---|---|---|
| Sector | Date Announced |
Buyer | Seller | Value (US$MM) |
Comments |
| 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. |
| Mid | 9/23/20 | Max Midstream | Oaktree Capital Management LP | N/A |
Bought the Seahawk Pipeline and Terminal with plans to revitalize the terminal located at the Port of Calhoun into a new export hub for US crude oil on the TX Gulf Coast. |
| Mid | 9/24/20 | Brookfield Infrastructure Partners LP; Blackstone Infrastructure Partners | The Blackstone Group Inc.; Cheniere Energy Partners LP | $7,000 |
Bought a roughly 42% stake in Cheniere Energy Partners. |
| Renewable | 9/28/20 | ACCIONA SA | Diode Ventures LLC | N/A |
Purchased a 240-MW, PV-solar power project in development in Fort Bend County, TX, near Houston. |
| Mid | 9/28/20 | CNX Resources Corp. | CNX Midstream Partners LP | $357 |
Purchased the remaining public stake, comprising about 42.1 million outstanding common units, of CNX Midstream Partners, which has assets in the Appalachian Basin in PA and WV. (Completed; PSA announced July 2020) |
| E&P | 9/28/20 | Devon Energy Corp. | WPX Energy Inc.; EnCap Investments LP | $5,750 |
To acquire in an all-stock combination transaction creating a multibasin company with positions across the Permian/Delaware Basin, Eagle Ford, Anadarko Basin/STACK, Powder River Basin and Williston Basin/Bakken including 400,000 net acres in the Delaware Basin accounting for nearly 60% of its total oil production; includes assumption of $3.2 billion net debt. (Expected to close 1Q 2021) |
| E&P | 9/28/20 | Petrobras | Total SA | N/A |
To buy equity interest in five exploration blocks in the Foz do Amazonas basin offshore Brazil. |
For more up-to-date information on the latest deals visit Hart Energy’s online database of transactions.
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