M&As this week: Qatar Petroleum, First Reserve Corp, Front Range Resources

Qatar Petroleum has entered an agreement with Exxon Mobil Corp (ExxonMobil) to purchase a 30% stake in ExxonMobil Exploration Argentina and Mobil Argentina.

ExxonMobil Exploration Argentina, Mobil Argentina and other partners collectively hold the rights for seven blocks in Argentina, including the unconventional exploration licenses in the Neuquen Province.

Qatar Petroleum is a state-owned petroleum company in Qatar, while Exxon Mobil Corp is a US-based oil and gas company.

The acquisition is expected to expand Qatar Petroleum’s presence in Argentina.

First Reserve Corp has entered an agreement to divest Texas American Resources I’s assets to a subsidiary of Venado Oil & Gas.

First Reserve Corp is a private equity firm, while Texas American Resources I and Venado Oil & Gas are oil and gas companies.

All the companies involved in the transaction are based in the US.

The acquisition is expected to strengthen Venado’s business operations.

Canadian oil and gas company Front Range Resources has signed an agreement to acquire Arrow Exploration in a reverse takeover transaction.

Arrow Exploration will be integrated with Front Range subsidiary 2118295 Alberta (FRK Subco) to form a new company named Arrow Exploration.

The agreement includes the exchange of one share each of Arrow for 8.5 Front Range shares.

Arrow Exploration has simultaneously agreed to purchase Carrao Energy for $40m.

Arrow Exploration is an oil and gas exploration and development company, which deals with the acquisition of oil and gas properties in Colombia.

The acquisition will establish Front Range as an international exploration and production company.

New Stratus Energy has signed a binding letter of intent to acquire all the issued and outstanding shares of Vetra Energia for $123m.

The acquisition also includes net financial and commercial debt.

New Stratus Energy is a Canada-based oil and gas company, while Vetra Energia is a Columbian oil and gas company.

The acquisition is expected to strengthen New Stratus’s business operations.

Osprey Energy Acquisition Corp has entered an agreement to acquire Royal Resources from Blackstone Energy Partners and Blackstone Capital Partners for $800m.

Osprey Energy will be renamed as Falcon Minerals Corporation, with Blackstone holding a 47% interest in the newly formed company.

Blackstone will receive $400m in cash and 40 million common units priced at $10 a unit in Falcon Minerals, as part of the transaction.

Osprey Energy Acquisition Corp is a special-purpose acquisition company focused on the energy sector, while Royal Resources owns and acquires over-riding royalty interests, mineral and royalty interests in oil and natural gas assets in North America.

Blackstone Energy Partners and Blackstone Capital Partners are both investment arms of The Blackstone Group, a private equity firm.

All the companies involved in the transaction are based in the US.

The acquisition will help Osprey Energy to enter the oil and gas market.