A&D DEAL SHEET |
|||||
Sector | Date Announced | Buyer | Seller | Value (US$MM) | Comments |
MID | 4/14/2023 | Canadian Pacific | Kansas City Southern | $31,000 |
Closed a December 2021 acquisition that creates a crude-by-rail network stretching across Canada, the U.S. and Mexico. |
E&P | 4/13/2023 | Matador Resources Co. | Advance Energy Partners; EnCap Investments LP | $1,600 |
Purchased Advance Energy's Delaware Basin assets, including 18,500 net acres in Lea County, NM, and Ward County, TX. |
E&P | 4/13/2023 | Tellurian Inc. | N/A | $1,000 |
Tellurian entered into a binding letter of intent to sell 800 acres for its LNG terminal that will be leased back to the company. |
E&P | 4/12/2023 | Kimbell Royalty Partners LP | MB Minerals; Sabalo Holdings LLC | $143.10 |
To purchase Midland Basin mineral and royalty acreage producing 1,459 bbl/d of crude from more than 300 producing wells. |
Renew | 4/11/2023 | Dominion Energy | Longroad Energy | N/A |
To buy Longroad Energy's 108 megawatt Foxhound solar project in Virginia |
E&P | 4/4/2023 | Tailwater E&P LLC; Tailwater Capital | N/A | N/A |
To acquire royalty and mineral interests on 1,877 net acres in the Eagle Ford, Haynesville and Permian Basin. |
S&S | 4/03/2023 | Liberty Energy Inc. | Siren Energy | $78 |
Acquired Siren's integrated natural gas compression and CNG delivery business focused on the Permian Basin. |
E&P | 4/3/2023 | Vital Energy Inc. | Driftwood Energy Operating LLC | $214 |
Acquired Midland Basin leasehold in Upton and Reagan counties, Texas, including 11,200 net acres that averaged 5,400 boe/d (63% oil). |
MID | 3/31/2023 | South 49 Holdings Ltd.; Midstream Energy Partners | USD Partners LP | $33 |
Acquired Casper, Wyoming, crude rail terminal. |
E&P | 4/5/2023 | Riley Exploration Permian Inc. | Pecos Oil & Gas LLC; Cibolo Energy Partners LLC | $330 |
Acquired 11,700 contiguous net acres in Eddy County, New Mexico, and production of 4,200 bbl/d (7,200 boe/d). |
E&P | 4/3/2023 | Ovintiv Inc. | Black Swan Oil & Gas; PetroLegacy Energy; Piedra Resources; EnCap Investments LP | $4,275 |
To acquire 65,000 net acres in the core of the Midland Basin; 1,060 net locations; and 60,000 bbl/d of oil and condensate. |
E&P | 4/3/2023 | Grayson Mill Bakken LLC; EnCap Investments LP | Ovintiv Inc. | $825 |
To sell Ovintiv's Bakken position, including 46,000 net acres and average production of 37,000 boe/d |
E&P | 4/3/2023 | Ovintiv Inc. | To acquire various bolt-on acquisitions. | $200 |
Acquired acreage in various bolt-on acquisitions. |
Renew | 3/31/2023 | Shell USA Inc. | Volta Inc. | $169 |
Acquired network of more than 3,000 charging locations in 31 U.S. states and territories. |
E&P | 3/30/2023 | IOG Resources II | N/A | N/A |
Acquired Appalachia assets, including 66 producing wellbores on 7,000 net acres with production of 24 MMcfe/d. |
Renew | 3/28/2023 | Brookfield Renewable Partners; GIC; Temasek; EIG; MidOcean Energy | MidOcean Energy | $10,300 |
To acquire Origin Energy, Australia’s largest integrated power generator. |
E&P | 3/28/2023 | Crescent Point Energy Corp. | Spartan Delta Corp. | $1,280 |
To acquire Montney oil and liquids assets with average production of 38,000 barrels of oil equivalent per day (boe/d), 55% liquids, and drilling inventory of 600 net locations. |
MID | 3/27/2023 | Energy Transfer LP | Lotus Midstream LLC; EnCap Flatrock Midstream | $1,450 |
To acquire Lotus' system consisting of approximately 3,000 active miles of pipeline that serves major production areas of the Permian with nearly 1.5 MMbbl/d of capacity. |
Recommended Reading
Exclusive: Silixa’s Distributed Fiber Optics Solutions for E&Ps
2024-03-19 - Todd Chuckry, business development manager for Silixa, highlights the company's DScover and Carina platforms to help oil and gas operators fully understand their fiber optics treatments from start to finish in this Hart Energy Exclusive.
CERAWeek: AI, Energy Industry Meet at Scary but Exciting Crossroads
2024-03-19 - From optimizing assets to enabling interoperability, digital technology works best through collaboration.
Cyber-informed Engineering Can Fortify OT Security
2024-03-12 - Ransomware is still a top threat in cybersecurity even as hacktivist attacks trend up, and the oil and gas sector must address both to maintain operational security.
Forum Energy Signs MOU to Develop Electric ROV Thrusters
2024-03-13 - The electric thrusters for ROV systems will undergo extensive tests by Forum Energy Technologies and SAFEEN Survey & Subsea Services.
Axis Energy Deploys Fully Electric Well Service Rig
2024-03-13 - Axis Energy Services’ EPIC RIG has the ability to run on grid power for reduced emissions and increased fuel flexibility.