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Tug Hill

Company Summary

Description

Tug Hill is a diversified investment firm based in Fort Worth, Texas. The firm’s largest investment concentration is in the domestic oil and gas industry as an operator through its affiliate, Tug Hill Operating, as a non-operator through working interest and leasehold ownership, and as a fee mineral investor. Tug Hill also actively invests in real estate and has diversified holdings in the public and private equity markets.

Website

http://www.tug-hill.com/

Related Entities

Recent news

  • 8/23/2023 - EQT Finalizes... (subscriber access)
  • 8/17/2023 - EQT Corporation Receives... (subscriber access)
  • 9/21/2022 - EQT Sets $1.0B in Senior... (subscriber access)
  • 6/22/2022 - Tug Hill-Quantum Energy... (subscriber access)
  • 3/10/2022 - Chesapeake Energy... (subscriber access)

Company Transactions

Date: 12/31/2022
Type: Acquisition

BUYERS:
  • EQT Corporation
    • SELLERS:
  • THQ Appalachia I
  • XcL Midstream Operating, LLC
  • Tug Hill Operating
  • Quantum Energy Partners
  • Tug Hill
    • DETAILS:

    COST: 5.2 $B

    VOLUMES: 800 Mmcfe/d

    ACRES: 90000 Acres

    NOTES:
    EQT has entered into a purchase agreement with THQ Appalachia I for its upstream assets and the XcL Midstream gathering & processing position for $5.2 billion. The deal will include $2.6 billion in cash and $2.6 billion in EQT common stock. THQ is backed by commitments from Quantum Energy Partners, and the deal will close in 4Q22.
    REGIONS:
  • Appalachia

    • Date: 6/30/2022
    Type: Acquisition

    BUYERS:
  • Chesapeake Energy Corporation
    • SELLERS:
  • Chief Oil & Gas
  • Tug Hill
    • DETAILS:

    COST: 2.6 $B

    VOLUMES: 835 Mmcf/d

    ACRES: 113000 Acres

    NOTES:
    Chesapeake has officially announced the acquisition of Chief E&D Holdings, LP and associated non-operated interests held by Tug Hill, for $2 billion in cash and 9.44 million common shares. The cash portion of the deal is being financed with CHK's cash on hand and the revolving credit facility.
    REGIONS:
  • Marcellus Shale

    • Date: 2/22/2016
    Type: Acquisition

    BUYERS:
  • Tug Hill Operating
  • Tug Hill
    • SELLERS:
  • Gastar Exploration LLC
    • DETAILS:

    COST: 80 $MM

    ACRES: 37400 Acres

    REGIONS:
  • Marcellus Shale
  • Utica