2016 Review 2016 Transactions

2016 Review 2016 Transactions 2016 was an active year for the energy investment banking team at Simmons & Company International, Energy Specialists of Piper Jaffray with transaction activity increasing throughout the year and becoming more robust particularly in the fourth quarter. With the addition of the Piper Jaffray resources in debt and equity capital markets, our team was able to complete some very unique and interesting transactions including two very large private debt placements in the energy services and equipment sector, as well serving as a joint bookrunner on two IPOs and one follow-on offering in the sector. On the M&A front, our upstream group was very active in the Permian Basin region and our midstream group completed a successful $760M M&A transaction of a Permian Basin crude oil system. The Aberdeen team completed 15 transactions with Eastern Hemisphere businesses. We expect 2017 to remain active as we continue to advise our clients in all sectors of energy. Martin Midstream Partners, Quintana Energy Services, a publicly traded limited a provider of directional partnership with a diverse drilling and completion and set of midstream energy production related services, operations primarily in the including pressure pumping, has sold certain Corpus U.S. Gulf Coast region, has cementing, acidizing, wireline Christi, TX terminalling sold certain Corpus Christi, and other ancillary services, assets to Texas terminalling assets to has received a has received a private capital NuStar Energy. private capital raise raise to pay down part of its credit facility and fund Undisclosed growth. $107 Million December 2016 December 2016 READ Cased Hole, a Diamondback Energy, portfolio company of Energy an independent crude oil Ventures Private Equity and and natural gas company a portfolio company of Viking Venture and a leading focused on the acquisition, independent provider of development, exploration and specialist production logging exploitation of unconventional and integrity evaluation Follow-On Equity Offering onshore crude oil and natural has been acquired by services across select gas reserves in the Permian Eastern Hemisphere markets, Basin in West Texas, has has been acquired by completed its follow-on Norvestor Equity. $1.2 Billion equity offering. Undisclosed December 2016 December 2016 Pioneer Energy Services, WildHorse Resource a provider of contract land Development a growth- drilling services to oil and gas oriented, independent crude operators in Texas, the Mid- oil and natural gas company Continent and Appalachian focused on the acquisition, regions in the U.S. and exploitation, development internationally in Colombia, and production of crude Follow-On Equity Offering has completed its follow-on oil, natural gas and NGL equity offering. Initial Public Offering resources, has completed its initial public offering. $60 Million $413 Million December 2016 December 2016 2 Denotes a transaction completed by Simmons & Company International Denotes a transaction completed by Simmons & Company International Limited 2016 Transactions Gulfport Energy an SM Energy, an independent independent exploration energy company engaged in & production company the acquisition, exploration, headquartered in Oklahoma development, and production City, Oklahoma with primary of crude oil, natural gas, operations in the Utica Shale and natural gas liquids in of Ohio, has completed its onshore North America, Follow-On Equity Offering follow-on equity offering. has completed its follow-on Follow-On Equity Offering equity offering. $717 Million $418 Million December 2016 December 2016 Transocean, a leading global Archrock Partners, a provider of offshore contract master limited partnership drilling services for energy that provides natural gas Transocean applications, has completed compression services to its offering of senior secured customers throughout Senior Secured Notes Offering notes. has acquired compression the U.S., has acquired assets from compression assets from Joint Bookrunner Archrock, Inc. $625 Million $85 Million November 2016 November 2016 Vitol, an energy and Blackhawk Specialty Tools, commodities company a portfolio company of primarily focused on the Bain Capital and a leading trading and distribution of supplier of engineered energy products globally, well construction and well a portfolio company of has sold its Permian Basin has sold its Permian Basin intervention solutions to the Crude Oil System to Crude Oil System to Sunoco global oil and gas industry, Logistics. has been acquired by has been acquired by Frank’s International. $760 Million November 2016 November 2016 Smart Sand, a pure-play, Novomer Inc’s CO2 Division, low-cost producer of high- which has developed a quality Northern White frac unique surfactant that sand, which is used as a has been acquired by creates a stable CO2 foam proppant in unconventional for enhanced oil recovery crude oil and natural gas and other downstream applications, has completed applications, has been its initial public offering. acquired by Saudi Aramco. Initial Public Offering Aramco Performance Materials & Saudi Aramco Joint Bookrunner Technologies $148 Million $75 Million November 2016 November 2016 Denotes a transaction completed by Simmons & Company International Denotes a transaction completed by Simmons & Company International Limited 3 2016 Transactions Emerge Energy Services, TOTALTEC Oilfield Services a growth-oriented limited Limited, a newly established partnership engaged in the company focused on the oil mining, production, and and gas industry in Guyana distribution of silica sand supporting the major offshore for energy applications, has discovery by ExxonMobil Follow-On Equity Offering completed its follow-on in 2015, has successfully equity offering. completed its initial equity Joint Bookrunner has arranged start up equity capital financing from several private investors. $39 Million Undisclosed November 2016 October 2016 Rice Midstream Partners, Allied Group, a global a fee-based, growth- manufacturer and distributor oriented limited partnership of carbon and stainless pipe, has acquired the formed by Rice Energy to valve and fitting products own, operate, develop and used in the midstream and acquire midstream assets in downstream oil and gas midstream assets from the Appalachian basin, has has acquired industry, in addition to other acquired the Vantage Energy mechanical and industrial midstream assets from Rice applications, has acquired Energy. Ezeflow Group. $600 Million Undisclosed October 2016 October 2016 Logan International, Critical Flow Solutions, an a manufacturer of a affiliated portfolio company comprehensive range tools of Sun Capital Partners and used in drilling, intervention an affiliated portfolio com- a global leader in the design, has been acquired by and production activities pany of engineering, manufacturing globally, has been acquired and repair of select severe- by Rubicon Oilfield service equipment for the International in partnership has been acquired by petroleum refining industry, with Warburg Pincus. has been acquired by Circor. in partnership with Warburg Pincus $210 Million October 2016 October 2016 Bayou Well Services, a HollyFrontier Corporation, leading well service rig an independent petroleum operator with operations in refiner and marketer that the North American crude oil produces high-value light has contributed its well and natural gas markets, has products, including gasoline, services operations into has completed the sale of contributed its well services certain of its Woods Cross diesel fuel, jet fuel and other operations into Ranger Refinery units to specialty products, has Energy Services. completed the sale of its Woods Cross Refinery units a portfolio company of to Holly Energy Partners. $278 Million Undisclosed October 2016 October 2016 4 Denotes a transaction completed by Simmons & Company International Denotes a transaction completed by Simmons & Company International Limited 2016 Transactions Element Petroleum, a Mammoth Energy Partners, privately owned oil and gas an integrated, growth- company headquartered in oriented oilfield service Midland, Texas with Permian company serving companies Basin oil and gas assets, engaged in the exploration has sold certain assets in has sold certain assets in and development of North the Midland Basin to the Midland Basin to Callon American unconventional Petroleum. Initial Public Offering crude oil and natural gas reserves, has completed its Joint Bookrunner initial public offering. $327 Million $116 Million October 2016 October 2016 Transocean, a leading global Permasense, a world leader provider of offshore contract in the field of continuous drilling services for energy integrity monitoring for the Transocean applications, has completed oil & gas production, refining its offering of senior secured and power industries, Senior Secured Notes has been acquired by Offering notes. providing real-time data-to- desk measurement of fixed Sole Bookrunner equipment wall thicknesses in inhospitable and inaccessible environments, has been $600 Million Undisclosed acquired by Emerson. October 2016 September 2016 Twister BV, a privately Tesoro Logistics, a leading owned provider of high- full-service logistics company yield and robust solutions operating primarily in the for natural gas processing western and mid-continent and separation for upstream regions of the U.S., has and midstream energy acquired Alaska storage and has been acquired by applications, has been

Load more