oil & gas report q4 2016€¦ · 10/31/2016 questar pipeline co. dominion midstream partners lp...
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Midstream Oil &Gas
Refining &Marketing
Equipment &Services
Exploration &Production
Integrated Oil &Gas
Date Target Buyer(s) SegmentAmount
($ in Mil)
TEV/
Rev
TEV/
EBITDA11/21/2016 Energy Transfer Partners LP Sunoco Logistics Partners LP Refining & Marketing $51,500.27 2.44x 11.50x
10/31/2016 Baker Hughes, Inc. General Electric Co. Equipment & Services 35,186.00 3.25x -
11/17/2016 Western Refining, Inc. Tesoro Corporation Refining & Marketing 5,696.75 0.74x 10.48x
10/25/2016 Penntex Midstream Partners LP Energy Transfer Partners LP Storage & Transportation 2,589.04 - -
10/31/2016 Questar Pipeline Co. Dominion Midstream Partners LP Storage & Transportation 1,723.40 - -
12/12/2016 Seventy Seven Energy, Inc. Patterson-UTI Energy, Inc. Equipment & Services 1,519.71 1.52x -
12/21/2016 Anadarko Petroleum Corp. /Marcellus Shale Natural
Gas Assets/
Alta Marcellus Development LLC Exploration & Production 1,240.00 - -
10/13/2016 Silver Hill Energy Partners LLC RSP Permian, Inc. Exploration & Production 1,231.90 - -
10/24/2016 JP Energy Partners LP American Midstream Partners LP Storage & Transportation 310.55 2.31x -
Strategic94%
Financial6%
Financial Buyer Inv. Date Select Corporate Acquisitions11/1/2016 ▪ Delta House FPS, LLC7/25/2016 ▪ LOGOS Resources, LLC12/28/2015 ▪ GULF OIL LP9/15/2015 ▪ Hovensa, LLC, Shuttered Refinery on St. Croix's South Shore11/7/2014 ▪ Deep Gulf Energy LP III
12/5/2016 ▪ Streamline Production Systems, Inc.10/10/2016 ▪ Gas Natural, Inc.9/12/2016 ▪ Applied-Cleveland Holdings, Inc.8/10/2016 ▪ Chesapeake Energy Corporation, Barnett Shale Operating Area in North Texas2/24/2016 ▪ Western Gas Partners LP
7/28/2016 ▪ Raisa Energy, LLC7/28/2016 ▪ Fortis Minerals, LLC5/6/2016 ▪ Felix Energy II12/31/2015 ▪ Verdun Oil Company, LLC9/21/2015 ▪ Council Oak Resources, LLC
7/18/2016 ▪ Sabinal Energy, LLC4/11/2016 ▪ Phoenix Natural Resources, LLC1/13/2016 ▪ Invictus Energy LLC8/17/2015 ▪ Monadnock Resources, LLC7/16/2015 ▪ Oak Ridge Natural Resources, LLC
8/9/2016 ▪ Goodnight Midstream, LLC2/25/2016 ▪ TopSail Energy LP8/19/2015 ▪ Southcross Energy Partners, LP
First Reserve Management LP
EnCap Investments LP
Kayne Anderson Capital Advisors, LP
Tailwater Capital LLC
ArcLight Capital Partners
Strategic Buyer Inv. Date Select Corporate Acquisitions11/21/2016 ▪ Energy Transfer Partners LP9/26/2016 ▪ 50% Stake in SunVit Pipeline LLC and Crude Oil Business in West Texas2/26/2015 ▪ West Texas Gulf Pipe Line Company3/18/2014 ▪ Explorer Pipeline, Inc.
5/8/2013 ▪ Sunoco Inc., Marcus Hook Facility
10/5/2016 ▪ Suds Properties LLC / Slick Unit Dutcher Sands9/22/2016 ▪ Twin Lakes San Andres Unit in Chavez County, New Mexico2/8/2016 ▪ Askarii Resources, LLC4/24/2015 ▪ 2,600 acre Slick Unit Dutcher Sands field in Creek County, Oklahoma5/4/2012 ▪ Certain Leases In Texas
10/11/2016 ▪ Crude Products & NGL Logistics Assets8/25/2016 ▪ Natural Gas Liquids (NGL) Logistics System in Louisiana7/25/2016 ▪ Explorer Pipeline, Inc.5/4/2016 ▪ Phillips 66 Plymouth LLC and Sweeny Frac Bravo LLC and Sweeny Frac Charlie LLC and
Sweeny Frac Delta10/30/2015 ▪ Bayou Bridge Pipeline, LLC
12/28/2016 ▪ Endymion Oil Pipeline Co. LLC7/25/2016 ▪ Explorer Pipeline, Inc.5/17/2016 ▪ 30% interest in Zydeco Pipeline ,1% in interest Bengal Pipeline and 3% interest in
Colonial Pipeline7/1/2015 ▪ Poseidon Oil Pipeline Company, LLC5/13/2015 ▪ 19.5% of Zydeco Pipeline Company, LLC and 1.388% of Colonial Pipeline Company
11/17/2016 ▪ Western Refining, Inc.7/1/2016 ▪ Kenai Pipe Line Company and Tesoro Alaska Terminals LLC6/28/2016 ▪ Dakota Prairie Refining, LLC12/9/2015 ▪ 15 High Value ARCO Sites12/8/2015 ▪ Great Northern Midstream LLC
Sunoco Logistics Partners LP
Petrolia Energy Corporation
Phillips 66 Partners LP
Shell Midstream Partners LP
Tesoro Corporation
Date Target Buyer(s) SegmentAmount
($ in Mil)
TEV/
Rev
TEV/
EBITDA12/31/2016 Richardson Oil LLC Crystal Flash LP of Michigan Refining & Marketing - - -
12/30/2016 Strike Energy Ltd. /Wilcox Formation Production Unit/ Shoreline Energy Corp.; Strike Energy
Ltd. /Wilcox Formation Prod
Unit//Private Group/; Oblaen
Resources LLC; Donlie Enterprises
LLC
Exploration & Production
-
- -
12/30/2016 Strike Energy Ltd. /MB Clearfork Project/ Rockport Permian LLC Exploration & Production $0.70 - -
12/28/2016 Endymion Oil Pipeline Co. Llc Shell Midstream Partners LP Midstream Oil & Gas - - -
12/27/2016 Dog Day, Inc. /53 Wells/ Cherryvale Kansas LLC Exploration & Production $4.87 - -
12/23/2016 Eagle Ford Assets Sundance Energy Australia Ltd. Exploration & Production $5.13 - -
12/22/2016 Campbell Oil Co. Lykins Energy Solutions Refining & Marketing - - -
12/22/2016 Mitsui E&P USA LLC /Marcellus Shale Gas Project/ Alta Resources Development LLC Exploration & Production$1,447.55
- -
12/22/2016 Dakota Plains Holdings, Inc. BioUrja Trading LLC Midstream Oil & Gas $63.24 5.16x NM
12/21/2016 Anadarko Petroleum Corp. /Marcellus Shale Natural
Gas Assets/
Alta Marcellus Development LLC Exploration & Production$1,240.00
- -
12/20/2016 Tema Oil & Gas Co. KLR Energy Acquisition Corp. Exploration & Production - - -
12/20/2016 Questar Fueling Co. American Natural Gas LLC Refining & Marketing - - -
12/20/2016 Constellation CNG LLC American Natural Gas LLC; ANG
Holding, Inc.
Refining & Marketing-
- -
12/20/2016 Enlink Midstream LLC /North Texas Pipeline Assets/ Atmos Energy Corp. Midstream Oil & Gas-
- -
12/20/2016 Tellurian Investments, Inc. Total Delaware, Inc. Exploration & Production $900.00 - -
12/20/2016 Howard Midstream Energy Partners LLC Province of Alberta; Alberta
Investment Management Corp.
Midstream Oil & Gas$612.90
- -
12/20/2016 Chesapeake Energy Corp. /Louisiana Haynesville
Shale/
Denham Capital Management LP;
Covey Park Energy LLC
Exploration & Production$465.00
- -
12/20/2016 Murphy Energy Corp. /Port Hudson & Kingfisher
Facility Assets/
NGL Energy Partners LP Exploration & Production$51.00
- -
12/17/2016 Kemper Valve & Fittings Corp. Caterpillar Oil & Gas Exploration & Production - - -
12/14/2016 Minerva Rockdale E&P LLC /Producing Assets In
Milam/
Fieldpoint Petroleum Corp. Exploration & Production-
- -
12/14/2016 Brigham Resources LLC /Subsidiaries (2)/ Diamondback Energy, Inc. Exploration & Production $2,429.60 - -
12/14/2016 Vitruvian II Woodford LLC /Scoop Assets/ Gulfport Energy Corp. Exploration & Production $1,874.71 - -
12/13/2016 American Resource Development LLC /Oil & Gas
Properties/
Callon Petroleum Operating Co.;
Callon Petroleum Operating Co.
(Mississippi)
Exploration & Production$615.18
- -
12/12/2016 Seventy Seven Energy, Inc. Patterson-UTI Energy, Inc. Equipment & Services $1,519.71 1.52x -
12/9/2016 Incremental Oil & Gas (Florence) LLC Austin Exploration Ltd. Exploration & Production $2.00 - -
12/8/2016 Swift Energy Co. /South Bearhead Creek & Burr Ferry
Field/
Texegy LLC Exploration & Production-
- -
12/8/2016 Horizon Well Testing LLC Alpine 4 Technologies Ltd. Exploration & Production $5.51 - -
12/5/2016 Streamline Production Systems, Inc. First Reserve Management LP; Tri-
Point Oil & Gas Production Systems
LLC
Exploration & Production-
- -
12/2/2016 Doc Retail, Inc. Holston Gases, Inc. Refining & Marketing - - -
12/2/2016 Enervest Ltd. /Barnett Shale Natural Gas Properties/ Saddle Operating LLC Exploration & Production$170.00
- -
12/1/2016 Pendleton Grain Growers, Inc. /Propane Bussiness/ Morrow County Grain Growers, Inc. Refining & Marketing-
- -
11/30/2016 Hilcorp Energy Co /West Little Lake Field/ Krewe Energy LLC Exploration & Production - - -
11/29/2016 Titan CNG LLC Minn Shares, Inc. Exploration & Production $3.73 - -
11/28/2016 Silverback Exploration LLC /Oil & Gas Assets/ Centennial Resource Development,
Inc.
Exploration & Production$855.00
- -
11/28/2016 Crimson Exploration Operating, Inc. /Oil & Gas
Assets/
PetroShare Corp. Exploration & Production$5.00
- -
11/22/2016 Bakken & Three Forks Salt Creek Oil & Gas LLC Exploration & Production $38.10 - -
11/21/2016 Adams County Government Center/Mineral Interests
Covering/
PetroShare Corp. Exploration & Production-
- -
11/21/2016 Energy Transfer Partners LP Sunoco Logistics Partners LP Refining & Marketing $51,500.27 2.44x 11.50x
Date Target Buyer(s) SegmentAmount
($ in Mil)
TEV/
Rev
TEV/
EBITDA11/21/2016 Robinson Lake Assets QEP Field Services LLC Exploration & Production $450.00 - -
11/21/2016 Northern Delaware Basin Assets COG Operating LLC Exploration & Production $434.14 - -
11/21/2016 Whiting Petroleum Corp. /Belfield Natural Gas/ QEP Field Services LLC Refining & Marketing $400.00 - -
11/21/2016 WBI Energy Midstream LLC /Pronghorn Plant/ QEP Field Services LLC Midstream Oil & Gas $400.00 - -
11/21/2016 Stonegate Production Co. LLC /Oil & Gas Assets/ Shun Cheong Holdings Ltd. Exploration & Production$278.00
2.36x -
11/18/2016 Anadarko Petroleum Corp. /East Texas Assets/ Castleton Commodities International
LLC
Exploration & Production$1,000.00
- -
11/17/2016 Western Refining, Inc. Tesoro Corp. Refining & Marketing $5,696.75 0.74x 10.48x
11/15/2016 Cone Midstream Devco I LP CONE Midstream Partners LP Midstream Oil & Gas $992.28 - -
11/14/2016 Top-Co Holdings, Inc. Warburg Pincus LLC; Rubicon Oilfield
International Ltd.
Equipment & Services-
- -
11/10/2016 McCabe Petroleum Corp. /Hazel Project/ Torchlight Energy Resources, Inc. Exploration & Production $7.96 - -
11/9/2016 Buccaneer Operating LLC Mosman Oil & Gas Ltd. Exploration & Production $0.98 - -
11/8/2016 Xplorer Midstream LLC Quantum Energy Partners LLC;
Intensity Midstream LLC
Exploration & Production-
- -
11/7/2016 FMC Technologies Inc /Blending & Transfer Systems
Bus/
Emerson Electric Co. Exploration & Production-
- -
11/7/2016 Bold Energy III LLC Earthstone Energy, Inc. Exploration & Production - - -
11/4/2016 Los Angeles Basin Oil Field Xstate Resources Ltd. Exploration & Production $53.06 - -
11/3/2016 Dassel's Petroleum, Inc. EDPO LLC Refining & Marketing - - -
11/1/2016 Isolation Technologies LLC TEAM Oil Tools LP Equipment & Services - - -
11/1/2016 Delta House FPS LLC ArcLight Capital Holdings LLC;
American Midstream Partners LP
Exploration & Production$785.26
- -
10/31/2016 Permian Resources Occidental Petroleum Corp. Exploration & Production - - -
10/31/2016 Baker Hughes, Inc. General Electric Co. Equipment & Services $35,186.00 3.25x NM
10/31/2016 Questar Pipeline Co. Dominion Midstream Partners LP Midstream Oil & Gas$1,723.40
- -
10/31/2016 Archrock, Inc. /Compression Assets/ Archrock Partners LP Equipment & Services $85.00 - -
10/31/2016 Atmos Energy Marketing LLC CenterPoint Energy Resources Corp.;
CenterPoint Energy Services, Inc.
Refining & Marketing$40.00
- -
10/31/2016 App Energy LLC Sandy Valley Gas, Inc.; Eagle Well
Service, Inc.
Equipment & Services$4.50
- -
10/31/2016 Peregrine Ltd. Sacgasco Ltd. Refining & Marketing $3.49 - -
10/28/2016 Atinum Midcon I LLC /Oil & Gas Assets/ SandRidge Energy, Inc. Exploration & Production $66.00 - -
10/27/2016 Raging Bull Oilfield Services LLC Trilantic Capital Management LP;
Fluid Delivery Solutions LLC
Equipment & Services-
- -
10/27/2016 KED Interests LLC Värde Partners (Private Equity);
Titanium Exploration Partners LLC;
Ked Interests LLC /Private Group/
Exploration & Production
-
- -
10/25/2016 Penntex Midstream Partners LP Energy Transfer Partners LP Midstream Oil & Gas $2,589.04 43.89x 66.24x
10/25/2016 Trans Energy, Inc. EQT Corp. Exploration & Production $197.36 21.27x NM
10/24/2016 Clayton Williams Energy, Inc. /DE/ /Burlseon North
Assets/
WildHorse Resource Development
Corp.
Exploration & Production$400.00
- -
10/24/2016 JP Energy Partners LP American Midstream Partners LP Midstream Oil & Gas $310.55 2.31x 7.30x
10/24/2016 Sanchez Energy Corp. /Eagle Ford Shale Assets/ Carrizo Oil & Gas, Inc. Exploration & Production$181.00
- -
10/24/2016 Martin Midstream Partners LP /Corpus Christi Crude
Oil Assets/
NuStar Energy LP Midstream Oil & Gas$93.00
- -
10/23/2016 Gulf Coast Mineral LLC /Pleasant Home Field/ Grand Gulf Energy Ltd. Exploration & Production $0.25 - -
10/20/2016 Trey Exploration, Inc. /Oil Producing Assets/ Kinetrex Energy Exploration &
Production LLC
Exploration & Production-
- -
10/20/2016 Stone Energy Corp. /Appalachia Basin/ Tug Hill, Inc. Exploration & Production $360.00 - -
10/19/2016 JMD/Entrada Holdings, Inc. American Patriot Oil & Gas Ltd. Exploration & Production $9.76 - -
10/18/2016 SM Energy Co. /Williston Assets/ Oasis Petroleum North America LLC Exploration & Production$785.00
- -
10/17/2016 Continental Resources, Inc. /Oil&Gas Assets/ Casillas Petroleum Resource Partners
LLC
Exploration & Production$294.00
- -
Date Target Buyer(s) SegmentAmount
($ in Mil)
TEV/
Rev
TEV/
EBITDA10/17/2016 TIW Corp. Dril-Quip, Inc. Equipment & Services $142.70 1.02x -
10/17/2016 Hydrodec of North America LLC G&S Technologies, Inc. Refining & Marketing $2.64 - -
10/14/2016 Alon USA Energy, Inc. Delek US Holdings, Inc. Refining & Marketing $1,154.16 0.31x 16.76x
10/14/2016 Freeport-Mcmoran, Inc. /California Oil & Gas
Properties/
Quantum Energy Partners LLC;
Sentinel Peak Resources LLC
Exploration & Production$742.00
- -
10/13/2016 Silver Hill Energy Partners LLC RSP Permian, Inc. Exploration & Production $1,231.90 - -
10/13/2016 Allegheny Valley Connector LLC EQT Midstream Partners LP Midstream Oil & Gas $275.00 - -
10/13/2016 Downstream Aggregator LLC CIRCOR International, Inc. Equipment & Services $210.00 1.75x -
10/11/2016 Vobm#1 Well Pantheon Resources Plc Exploration & Production - - -
10/11/2016 Bayou Workover Services LLC Ranger Energy Services LLC Equipment & Services - - -
10/11/2016 Magna Energy Services LLC CSL Capital Management LLC;
Ranger Energy Services LLC
Exploration & Production-
- -
10/11/2016 Phillips 66 /30 Crude Products & NGL Logistics
Assets/
Phillips 66 Partners LP Refining & Marketing$1,294.17
- -
10/10/2016 Gas Natural, Inc. First Reserve Management LP Refining & Marketing $197.17 2.01x 19.65x
10/9/2016 Noble Americas Energy Solutions LLC Calpine Corp. Refining & Marketing $800.00 - -
10/7/2016 Blackhawk Specialty Tools LLC Frank's International NV Equipment & Services $321.14 - -
10/6/2016 Carnero Processing LLC Sanchez Production Partners LP Equipment & Services $127.70 - -
10/6/2016 Sanchez Energy Corp. /Non Core Producing Oil &
Gas Assets/
Sanchez Production Partners LP Exploration & Production$27.00
- -
10/5/2016 Suds Properties LLC /Slick Unit Dutcher Sands/ Petrolia Energy Corp. Exploration & Production $8.09 - -
10/4/2016 Firewheel Energy LLC /Delaware Basin Assets/ Resolute Energy Corp. Exploration & Production $144.30 - -
10/3/2016 Veritas Energy Partners LLC Apollo Global Management LLC
(Private Equity); Double Eagle Lone
Star LLC
Exploration & Production-
- -
10/3/2016 Pelorus Terminal Point Comfort LLC /Gas Terminal
Assets/
NGL Energy Partners LP Midstream Oil & Gas-
- -
10/3/2016 Travis Oil LLC American Synthol, Inc. Equipment & Services - - -
10/1/2016 First Reserve Management LP /Thermal Power
Portfolio/
UIL Holdings Corp.; WGP Acquisition
LLC; Avangrid, Inc.
Equipment & Services-
- -
10/1/2016 Woods Cross Operating LLC Holly Energy Partners-Operating LP Refining & Marketing$278.00
- -