M&A Deal Summary

Liquefied Natural Gas Acquires Bear Head LNG

On August 27, 2014, Liquefied Natural Gas acquired utilities company Bear Head LNG from Anadarko Petroleum for 11M USD

Acquisition Highlights
  • This is Liquefied Natural Gas’ 1st transaction in the Utilities sector.
  • This is Liquefied Natural Gas’ largest (disclosed) transaction.
  • This is Liquefied Natural Gas’ 1st transaction in Canada.
  • This is Liquefied Natural Gas’ 1st transaction in Nova Scotia.

M&A Deal Summary
Date 2014-08-27
Target Bear Head LNG
Sector Utilities
Buyer(s) Liquefied Natural Gas
Sellers(s) Anadarko Petroleum
Deal Type Divestiture
Deal Value 11M USD

Target

Bear Head LNG

Richmond County, Nova Scotia, Canada
Bear Head LNG Corp.A 255‐acre site comprising industrial‐zoned land (180 acres) and deep‐water acreage (75acres) as well as foundations in place for two 180,000 cubic meter LNG tanks. The land hasbeen cleared, a majority of site works completed and roads constructed.The Project Rights of the previously proposed LNG import terminal, including all assets,rights and obligations associated with the Bear Head project.

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Buyer(S) 1

Buyer

Liquefied Natural Gas

West Perth, Australia
Category Company
Sector Oil/Gas Exploration
DESCRIPTION

Liquefied Natural Gas is a provider of mid-scale LNG liquefaction solutions that develops and operates small and medium-scale liquefied natural gas projects in Australia.

DEAL STATS #
Overall 1 of 1
Sector (Utilities) 1 of 1
Type (Divestiture) 1 of 1
State (Nova Scotia) 1 of 1
Country (Canada) 1 of 1
Year (2014) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Anadarko Petroleum

The Woodlands, Texas, United States
Category Company
Founded 1959
Sector Oil/Gas Exploration
Employees5,800
Revenue 12.9B USD (2018)
DESCRIPTION
Anadarko Petroleum's corporate headquarters in The Woodlands, Texas.
Anadarko Petroleum's corporate headquarters in The Woodlands, Texas.

Anadarko Petroleum Corp. is an independent oil and natural gas exploration and production company. Anadarko Petroleum was formed in 1959 and is based in The Woodlands, Texas.

DEAL STATS #
Overall 7 of 10
Sector (Utilities) 1 of 1
Type (Divestiture) 7 of 9
State (Nova Scotia) 1 of 1
Country (Canada) 1 of 1
Year (2014) 1 of 1
Size (of disclosed) 9 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-01-17 Red Desert Complex

Wyoming, United States

Red Desert Complex is located in Sweetwater and Carbon Counties of Wyoming. The complex gathers, compresses, treats, processes and fractionates natural gas and NGLs produced in the eastern portion of the Greater Green River Basin, providing service primarily to the Red Desert and Washakie Basins. The Red Desert Complex is strategically linked to Anadarko’s land grant acreage across the southern Wyoming corridor.

Sell $483M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-24 Springfield Pipeline

Houston, Texas, United States

Springfield Pipeline LLC consists of 548 miles of gas gathering lines with a capacity of 795 MMcf/d and 241 miles of oil gathering lines with a capacity of 130 MBbls/d, located in Dimmit, La Salle, Maverick and Webb Counties in South Texas.

Sell $750M
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