Oil & Gas Report Q1 2017 - SDR Ventures · 1/24/2017 Alpha Crude Connector LLC Plains All American Pipeline LP Midstream Oil & Gas 1,216.00 - - 1/24/2017 Samson Energy Co. LLC (Pecos

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Date Target Buyer(s) SegmentAmount

($ in Mil)

TEV/

Rev

TEV/

EBITDA1/17/2017 Bass (Permian Basin Oil Fields) XTO Energy, Inc.; Exxon Mobil Corp. Exploration & Production $6,600.00 - -

1/25/2017 WGL Holdings, Inc. AltaGas Ltd. Refining & Marketing 6,584.28 2.73x 15.16x

1/4/2017 DCP Midstream LLC DCP Midsteam Partners LP Integrated Oil & Gas 3,816.27 0.55x 8.00x

3/6/2017 Motiva Enterprises LLC Government of Saudi Arabia; Saudi

Refining, Inc.

Refining & Marketing 2,900.00 - -

2/7/2017 Double Eagle Energy Permian Operating LLC Parsley Energy LLC Exploration & Production 2,740.32 - -

1/16/2017 Clayton Williams Energy, Inc. (Delaware) Noble Energy, Inc. Exploration & Production 2,671.61 16.09x 43.13x

1/12/2017 Anadarko Petroleum Corp. (Western Eagle Ford

Assets)

Sanchez Energy Corp.; Blackstone

Corporate Private Equity; The Blackstone

Group LP; Anadarko Petroleum Corp.

Exploration & Production 2,300.00 - -

3/1/2017 Marathon Petroleum Corp. (3 Subsidiaries) MPLX LP Midstream Oil & Gas 2,015.00 - -

1/27/2017 Midcoast Energy Partners LP Enbridge Energy Co., Inc. Refining & Marketing 936.88 0.48x 16.21x

12 11 13

43

1

- 5

10 15 20 25 30 35 40 45 50

Midstream Oil &Gas

Refining &Marketing

Equipment &Services

Exploration &Production

Integrated Oil &Gas

Strategic92%

Financial8%


Financial Buyer Inv. Date Select Corporate Acquisitions2/9/2017 ▪ Axeon Marketing LLC11/1/2016 ▪ 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 Shore

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

3/20/2017 ▪ Radler 2000 LP (Marcellus Shale Assets)1/17/2017 ▪ Chief Exploration & Development LLC (Marcellus Shale Assets)

▪

First Reserve Management LP

EnCap Investments LP

Kayne Anderson Capital Advisors, LP

Kalnin Ventures LLC

ArcLight Capital Partners

Strategic Buyer Inv. Date Select Corporate Acquisitions2/7/2017 ▪ Double Eagle Energy Permian Operating LLC (Subs (3))8/15/2016 ▪ Undeveloped Acreage And Producing Oil And Gas Properties In Glasscock County5/23/2016 ▪ 30,000 Acres Mineral Rights In Pecos And Reeves Counties5/23/2016 ▪ 885 Net Acres in Pecos and Reeves Counties

4/4/2016 ▪ Riverbend Permian, LLC (8,800 Gross Acres)

3/15/2017 ▪ Valley Center Propane12/18/2015 ▪ Gasco Energy Supply, LLC6/1/2015 ▪ Bridger Logistics, LLC7/1/2014 ▪ Wise Choice Propane, LLC5/5/2014 ▪ Viking Propane, Inc.

11/21/2016 ▪ 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

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

Parsley Energy LLC

Ferrellgas Partners LP

Sunoco Logistics Partners LP

Shell Midstream Partners LP

Tesoro Corporation







($ in Mil)

TEV/

Rev

TEV/

EBITDA3/31/2017 Stack Asset Chisholm Oil And Gas LLC Exploration & Production - - -

3/29/2017 Sacgasco Ltd. (Gas Fields 5) Xstate Resources Ltd. Exploration & Production - - -

3/28/2017 Crescent Cos. LLC Rockwater Energy Solutions, Inc. Equipment & Services 207.00 - -

3/21/2017 Sundance Energy, Inc. (Oklahoma Gas Assets) White Star Petroleum LLC Exploration & Production - - -

3/21/2017 Black Mountain Oil & Gas LLC (Permians Northern

Delaware Basin)

Marathon Oil Co. Exploration & Production 700.00 - -

3/20/2017 Radler 2000 LP (Marcellus Shale Assets) Kalnin Ventures LLC Exploration & Production 16.00 - -

3/15/2017 Azure Midstream Partners LP (Midstream Business) Enterprise Products Partners LP Midstream Oil & Gas 189.00 - -

3/15/2017 Valley Center Propane Ferrellgas Partners LP Refining & Marketing - - -

3/13/2017 NextDecade, LLC Harmony Merger Corp. Exploration & Production 1,000.00 - -

3/13/2017 Creole Chemicals LLC OMNOVA Solutions, Inc. Equipment & Services 2.50 - -

3/9/2017 BC Operating, Inc. (Basin Assets) Marathon Oil Corp. Exploration & Production 1,100.00 - -

3/6/2017 Motiva Enterprises LLC Government of Saudi Arabia; Saudi

Refining, Inc.

Refining & Marketing 2,900.00 - -

3/3/2017 Orla Project & Southwest Rim Project Assets Resolute Natural Resources

Southwest LLC

Exploration & Production 160.00 - -

3/3/2017 Ponderosa Energy LLC (Texas Panhandle Oil & gas

Assets)

Molori Energy, Inc. Exploration & Production 5.44 - -

3/1/2017 Clean Energy Renewable Fuels LLC (Renewable

Natural Gas Bus)

BP Amoco Corp.; BP Products North

America, Inc.

Exploration & Production 180.00 - -

3/1/2017 Total Equipment & Service, Inc. Propell Equipment & Services - - -

3/1/2017 Marathon Petroleum Corp. (3 Subsidiaries) MPLX LP Midstream Oil & Gas 2,015.00 - -

2/28/2017 Encana Oil & Gas (USA), Inc. (TMS Assets) Australis TMS, Inc. Exploration & Production 80.00 - -

2/28/2017 Elba Liquefaction Co. LLC EIG Global Energy Partners LLC Refining & Marketing 785.71 - -

2/27/2017 Iroquois Gas Transmission System LP TC Pipelines LP Midstream Oil & Gas - - -

2/24/2017 HaenepSource LLC FlexWeek, Inc. Equipment & Services - - -

2/24/2017 Ohio & Pennsylvania Gas & Oil Wells Diversified Gas & Oil Plc Exploration & Production 1.75 - -

2/22/2017 Squaw Canyon Virtus Oil & Gas Corp. Equipment & Services - - -

2/22/2017 Salt Valley Property Virtus Oil & Gas Corp. Exploration & Production - - -

2/22/2017 Tin Cup Mesa Unit Virtus Oil & Gas Corp. Exploration & Production - - -

2/21/2017 Delta Natural Gas Co., Inc. Peoples Natural Gas Co. LLC;

SteelRiver Infrastructure Partners LP

Refining & Marketing 258.99 3.89x 13.80x

2/17/2017 Forestar Usa Real Estate Group, Inc. (3 Subs) Mineral Resources Partners LLC Exploration & Production 85.60 - -

2/16/2017 Azure Midstream Partners LP M5 Midstream LLC Midstream Oil & Gas 311.79 4.31x 12.31x

2/14/2017 Slingshot Supply LLC Performance Wellhead & Frac

Components, Inc.

Equipment & Services - - -

2/13/2017 Enbridge Pipelines Ozark LLC (Ozark Pipeline Assets) MPLX Pipe Line Holdings LP Midstream Oil & Gas 220.00 - -

2/13/2017 Advantage Pipeline LLC Plains All American Pipeline LP;

Noble Midstream Partners LP;

Advantage Pipeline LLC (Private

Group)

Midstream Oil & Gas 133.00 - -

2/9/2017 Williams Partners LP (Ranch Westex Gas) Anadarko Petroleum Corp. Exploration & Production 135.01 - -

2/9/2017 Conocophillips (Subsurface Laboratory) Premier Oilfield Laboratories LLC Equipment & Services - - -

2/9/2017 Axeon Marketing LLC ArcLight Capital Holdings LLC;

Goldman Sachs Capital Partners;

Associated Asphalt, Inc.

Exploration & Production - - -

2/9/2017 Western Gas Partners LP (Liberty & Rome Gas

Gathering Systems)

Williams Partners LP Exploration & Production 459.26 - -

2/8/2017 Stone Energy Corp. (Marcellus Gas Assets) EQT Production Co. Exploration & Production 527.00 - -

2/7/2017 ABA Energy Corp. (Sacramento Basin Natural Gas

Wells (13))

Sacgasco Ltd. Exploration & Production - - -

2/7/2017 Double Eagle Energy Permian Operating LLC (Subs

(3))

Parsley Energy LLC Exploration & Production 2,740.32 - -

2/2/2017 Greene Energy Group (Chemicals Services Bus) Brenntag AG Equipment & Services - - -

2/1/2017 ONEOK Partners LP ONEOK, Inc. Equipment & Services 23,324.22 - -

2/1/2017 Eagle Ford Oil & Gas Assets EV Energy Partners LP Exploration & Production 58.70 - -

2/1/2017 Bluewater Gas Holding LLC WEC Energy Group, Inc. Exploration & Production 230.00 - -



($ in Mil)

TEV/

Rev

TEV/

EBITDA1/27/2017 Midcoast Energy Partners LP Enbridge Energy Co., Inc. Refining & Marketing 936.88 0.48x 16.21x

1/25/2017 WGL Holdings, Inc. AltaGas Ltd. Refining & Marketing 6,584.28 2.73x 15.16x

1/25/2017 Capital Terminal Co. (Terminal Asset) Sprague Operating Resources LLC Refining & Marketing 23.00 - -

1/25/2017 Halcon Resources Corp. (Oil Assets) Hawkwood Energy East Texas, LLC Exploration & Production 500.00 - -

1/24/2017 Leonard E. Belcher, Inc. (Terminal & Storage Assets) Sprague Operating Resources LLC Refining & Marketing 20.00 - -

1/24/2017 Alpha Crude Connector LLC Plains All American Pipeline LP Midstream Oil & Gas 1,216.00 - -

1/24/2017 Samson Energy Co. LLC (Pecos County Assets) Halcón Energy Properties, Inc. Exploration & Production 705.00 - -

1/24/2017 4Ward Resources, Inc. Mirage Energy Corp. Midstream Oil & Gas 8.70 - -

1/23/2017 Outrigger Energy Investments LLC (3 Subs) Targa Resources Partners LP Exploration & Production 1,500.00 - -

1/19/2017 Gasco Affiliates LLC CI Capital Partners LLC; Tech Air, Inc. Refining & Marketing - - -

1/18/2017 Plains All American Pipeline LP (Red River Pipeline

Bus)

Valero Energy Partners LP; Valero

Partners Wynnewood LLC

Midstream Oil & Gas 175.00 - -

1/17/2017 Chief Exploration & Development LLC (marcellus

shale assets)

Kalnin Ventures LLC Exploration & Production 63.00 - -

1/17/2017 Bass (Permian Basin Oil Fields) XTO Energy, Inc.; Exxon Mobil Corp. Exploration & Production 6,600.00 - -

1/17/2017 FMC Technologies, Inc. (Material Handling Systems) TAKRAF GmbH Equipment & Services - - -

1/17/2017 Bonanza Creek Energy, Inc. Bill Barrett Corp. Exploration & Production - - -

1/17/2017 Chesapeake Energy Corp. (Gas Assets) Trive Capital LLC; Chesapeake

Energy Corp. (Gas Assets); Core

Minerals III LLC

Exploration & Production - - -

1/16/2017 Clayton Williams Energy, Inc. (Delaware) Noble Energy, Inc. Exploration & Production 2,671.61 16.09x 43.13x

1/12/2017 Gulf Coast Power & Control of Louisiana LLC CSE W-Industries, Inc. Equipment & Services 5.35 - -

1/12/2017 Anadarko Petroleum Corp. (Western Eagle Ford

Assets)

Sanchez Energy Corp.; Blackstone

Corporate Private Equity; The

Blackstone Group LP; Anadarko

Petroleum Corp.

Exploration & Production 2,300.00 - -

1/12/2017 West Texas Permian Basin WPX Energy, Inc. Exploration & Production 775.00 - -

1/11/2017 Vanguard Operating LLC (11 Oil & Gas Assets) PetroGas Co. Exploration & Production - - -

1/10/2017 Coquille Bay Field Krewe Energy LLC Exploration & Production - - -

1/10/2017 Fairbanks Natural Gas LLC Borough of Fairbanks North Star

(Alaska); Interior Gas Utility

Refining & Marketing 58.20 - -

1/6/2017 The Technologies Alliance, Inc. Dril-Quip, Inc. Equipment & Services 20.00 - -

1/5/2017 Trinity Oil Project New Horizon Coal Ltd. Exploration & Production 2.66 - -

1/5/2017 Presidio Oil Project New Horizon Coal Ltd. Exploration & Production 7.82 - -

1/5/2017 Turner Gas Co. (Wholesale Propane Division) Crestwood Services LLC Equipment & Services 7.00 - -

1/4/2017 Rex Energy Corp. (Ohio Utica Assets) Antero Resources Corp. Exploration & Production 50.00 - -

1/4/2017 DCP Midstream LLC DCP Midsteam Partners LP Integrated Oil & Gas 3,816.27 0.55x 8.00x

1/4/2017 3PS, Inc. McCoy Global, Inc. Equipment & Services 6.10 - -

1/4/2017 Sydson Energy, Inc. (Sugarberry South Project) Texas South Energy, Inc. Exploration & Production - - -

1/4/2017 Sydson Energy, Inc. (West Tuleta Oil & Gas Assets) Texas South Energy, Inc. Exploration & Production - - -

1/4/2017 Sydson Energy, Inc. (Ray Field Oil & Gas Assets) Texas South Energy, Inc. Exploration & Production - - -

1/4/2017 Founders Oil & Gas III LLC (Permian Basin Assets) Houston American Energy Corp. Exploration & Production 4.40 - -

1/3/2017 Global Cos. LLC (Natural Gas & Electricity Business) Sprague Operating Resources LLC;

Sprague Resources LP; Sprague

Energy Solutions, Inc.

Refining & Marketing 17.25 - -

1/3/2017 Tallgrass Operations LLC (Subsidiaries (2)) Tallgrass Energy Partners LP Midstream Oil & Gas 140.00 - -

1/3/2017 SM Energy ST LLC KKR & Co. LP; Venado Oil & Gas LLC Exploration & Production 800.00 - -

1/3/2017 Freeport Mcmoran, Inc. (Oil & Gas Fields) Elk Petroleum, Inc. Exploration & Production 125.00 - -


Documents

Oil & Gas Report Q1 2017 - SDR Ventures · 1/24/2017 Alpha Crude Connector LLC Plains All American Pipeline LP Midstream Oil & Gas 1,216.00 - - 1/24/2017 Samson Energy Co. LLC (Pecos