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Oil & Gas Report Q4 2016€¦ · 10/31/2016 Questar Pipeline Co. Dominion Midstream Partners LP...

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Page 6: Oil & Gas Report Q4 2016€¦ · 10/31/2016 Questar Pipeline Co. Dominion Midstream Partners LP Midstream Oil & Gas $1,723.40 - - 10/31/2016 Archrock, Inc. /Compression Assets/ Archrock

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58

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10

20

30

40

50

60

70

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%

Page 7: Oil & Gas Report Q4 2016€¦ · 10/31/2016 Questar Pipeline Co. Dominion Midstream Partners LP Midstream Oil & Gas $1,723.40 - - 10/31/2016 Archrock, Inc. /Compression Assets/ Archrock

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

Page 10: Oil & Gas Report Q4 2016€¦ · 10/31/2016 Questar Pipeline Co. Dominion Midstream Partners LP Midstream Oil & Gas $1,723.40 - - 10/31/2016 Archrock, Inc. /Compression Assets/ Archrock

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

Page 11: Oil & Gas Report Q4 2016€¦ · 10/31/2016 Questar Pipeline Co. Dominion Midstream Partners LP Midstream Oil & Gas $1,723.40 - - 10/31/2016 Archrock, Inc. /Compression Assets/ Archrock

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

- -

Page 12: Oil & Gas Report Q4 2016€¦ · 10/31/2016 Questar Pipeline Co. Dominion Midstream Partners LP Midstream Oil & Gas $1,723.40 - - 10/31/2016 Archrock, Inc. /Compression Assets/ Archrock

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

- -


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