On Jan. 26, the Biden administration announced what they referred to as a “temporary pause on pending decisions of Liquefied Natural Gas exports.”
What they were pausing was one of the most visible and successful policy bridges between the fossil fuel energy industry and administration commitments to climate change. Before the pause LNG was widely viewed as a plentiful and clean replacement for coal-fired heating and electricity — a “win-win” in the bumpy road to energy transition. But like most issues involving the role of fossil fuels and climate change, nothing is simple, and passions run high.
The importance of LNG exports in Texas and other Gulf Coast states — not to mention the energy M&A market — has grown dramatically since 2016, when the first U.S. LNG exports began. In February 2022, with the Russian invasion of Ukraine and Europe’s subsequent withdrawal of dependence on Russian natural gas, its role became pivotal to U.S. energy and climate policies — not to mention Texas energy producers.
How pivotal? During the first half of 2022, according to the U.S. Energy Information Administration, the U.S. became the world’s leader in LNG exports, with 64 percent of those exports directed at the European markets — and the preponderance of those exports coming from Gulf Coast LNG facilities fed from producers in the Permian and Haynesville Basins.
Since then, the theoretical blend of climate-friendly energy security and money has been playing out in Texas M&A markets in the form of consolidations and lucrative investment exits in all phases of energy development — whether Permian upstream production, consolidation of midstream pipelines and even in large-scale carbon capture and storage deals.
- In a deal announced in July 2022, for instance, Momentum Midstream, known as M6, acquired Midcoast Energy for $1.3 billion and Align Midstream for an undisclosed amount. The deals were part of their announced intention to create a new project designed to deliver gas produced from the Haynesville Shale to the Gulf Coast LNG facilities.
- In January 2022, Enbridge announced a 20-year agreement to deliver 720 million cubic feet per day of natural gas to the Texas LNG Brownsville facility, as part of an expansion of the Valley Crossing Pipeline.
- In November 2022, ConocoPhillips acquired a 30 percent interest in the Phase 1 of the LNG facility in Port Arthur, along with a long-term agreement to manage the feed-gas supply for their liquefaction facility.
- In February 2023, I Squared Capital acquired a controlling interest in the Whistler Pipeline, which connects the Permian Basin with the various Gulf Coast LNG terminals and processing facilities.
- And in July 2023, ExxonMobil married carbon capture and LNG delivery with its $4.9 billion purchase of Denbury Energy and its 1,300 miles of CO2 pipeline, then followed it up in October with its eye-popping $64.5 billion acquisition of Pioneer Natural Resources.
But as we’ve noted nothing in the space between fossil-based energy and climate change is simple. Several recent scientific studies have alleged that the ameliorative tradeoff between LNG and coal is chimeric, at best. Those studies have been widely trumpeted within the administration by climate change advocates concerned with unfettered policy support for any kind of fossil fuel.
Moreover, there is growing concern among communities bordering massive LNG facilities that localized pollutants are affecting businesses dependent on commercial fishing and coastal oyster beds.
Of immediate concern, and what seems to have provoked the pause, is a project known as Plaquemines involving 18 new mid-scale liquefaction trains at the Calcasieu Pass LNG facility in Louisiana. Owned by Virginia-based Venture Global LNG, the project expansion is receiving vigorous protest from residents and local fishermen. Moreover, Venture Global, founded in 2013, has been under fire from players like BP and Shell in an ongoing dispute over product they say is owed by Venture Global under prior off-take agreements, but has been diverted to higher-paying European markets.
While the pause, as specified by the White House, is directed at existing export agreements, it’s the effect on expansion that’s of most concern. And some industry experts, like maverick energy analyst Art Berman, argue that it should be.
Berman argues that the supplies of shale gas, the source for existing Gulf Coast LNG facilities are already in decline, and that they may not be able to ultimately support the long-term investments of time and money required — even for the permitted facilities undisturbed by the pause.
“There’s a good chance that the Biden Administration’s announcement to pause LNG export approvals was politically motivated as it tries to make a climate statement ahead of the 2024 U.S. elections,” Berman noted last week. “There is an equal probability that opposing viewpoints are similarly designed to produce negative press for Biden and his party.”
“In the final analysis, the pause announcement and subsequent debate are irrelevant.”
But any pause is likely to have a ripple effect on the Texas M&A market. Neither buyers nor sellers like uncertainty. That may be the one thing that is certain.
During the week ending February 17, there were 15 Texas-related transactions reported valued at a total of $29.9 billion — thanks to the $26 billion Diamondback/Endeavor merger. That eclipses the $10.6 billion aggregate value for 25 deals the week prior, as well as the 14 transactions for $5.7 billion this time last year.
Weekly Corporate Deal Tracker Roundup Stats
A compilation of weekly stats from The Lawbook's CDT Weekly Roundup
(Deal Values in Millions)
(Deal Values in Millions)
| Deal Count | Amount | Firms | Lawyers | M&A Count | M&A Value $M | CapM Count | ||
|---|---|---|---|---|---|---|---|---|
| 14-Jun-2025 | 9 | $478 | 8 | 133 | 6 | 0 | 3 | $478 |
| 07-Jun-2025 | 16 | $26,210 | 11 | 196 | 11 | $24,744 | 5 | $1,466 |
| 31-May-2025 | 19 | $23,381 | 11 | 166 | 12 | $18,665 | 7 | $4,717 |
| 24-May-2025 | 15 | $24,033 | 11 | 121 | 13 | $23,624 | 2 | $409 |
| 17-May-2025 | 16 | $21,760 | 12 | 145 | 11 | $18,615 | 5 | $3,145 |
| 10-May-2025 | 24 | $33,175 | 16 | 206 | 19 | $30,765 | 5 | $2,410 |
| 03-May-2025 | 11 | $4,249 | 13 | 90 | 11 | $2,226.5 | 2 | $2,022.5 |
| 26-Apr-2025 | 12 | $8,787 | 9 | 168 | 9 | $6,011 | 3 | $2,776 |
| 19-Apr-2025 | 11 | $8,097 | 7 | 138 | 9 | $7,985 | 2 | $112 |
| 12-Apr-2025 | 13 | $2,392 | 8 | 152 | 10 | $2,065 | 3 | $327 |
| 05-Apr-2025 | 19 | $27,762 | 15 | 188 | 16 | $25,473 | 3 | $2,289 |
| 29-Mar-2025 | 21 | $8,188 | 10 | 258 | 16 | $4,125 | 5 | $4,064 |
| 22-Mar-2025 | 19 | $6,485 | 14 | 231 | 15 | $4,128 | 4 | $2,857 |
| 15-Mar-2025 | 13 | $13,737 | 13 | 151 | 10 | $9,932 | 4 | $3,805 |
| 8-Mar-2025 | 7 | $2,234 | 5 | 66 | 5 | $224 | 2 | $2,100 |
| 1-Mar-2025 | 11 | $3,050 | 8 | 75 | 10 | $2,550 | 1 | $500 |
| 24-Feb-25 | 12 | $16,397 | 7 | 149 | 6 | $6,635 | 6 | $9,862 |
| 17-Feb-25 | 17 | $12,136 | 13 | 134 | 10 | $9,411 | 2 | $2,725 |
| 10-Feb-25 | 14 | $7,154 | 9 | 179 | 9 | $4,950 | 5 | $2,204 |
| 3-Feb-25 | 16 | $10,068 | 7 | 200 | 11 | $7,553 | 5 | $2,515 |
| 25-Jan-25 | 14 | $10,261 | 10 | 125 | 9 | $2,207 | 5 | $8,054 |
| 18-Jan-25 | 19 | $7,382 | 15 | 316 | 12 | $2,300 | 7 | $5,082 |
| 11-Jan-25 | 21 | $33,560 | 16 | 187 | 16 | $32,521 | 5 | $1,039 |
| 4-Jan-25 | 9 | $6,827 | 9 | 80 | 9 | $6,827 | 0 | 0 |
| 21-Dec-24 | 11 | $2,798 | 11 | 92 | 8 | $2,229 | 3 | $570 |
| 14-Dec-24 | 15 | $5,323 | 12 | 186 | 12 | $3,812 | 3 | $1,511 |
| 07-Dec-24 | 16 | $4,766 | 10 | 231 | 11 | $2,321 | 5 | 2,445 |
| 30-Nov-24 | 10 | $10,291 | 9 | 103 | 4 | $8,290 | 6 | $2.001 |
| 23-Nov-24 | 15 | $4,553 | 15 | 153 | 11 | $3,379 | 4 | $1,174 |
| 16-Nov-24 | 17 | $11,488 | 11 | 245 | 13 | $10,186 | 4 | $1,303 |
| 09-Nov-24 | 14 | $2,110 | 12 | 139 | 12 | $1,410 | 2 | $700 |
| 02-Nov-24 | 12 | $52,788 | 11 | 107 | 11 | $52,738 | 1 | $50 |
| 26-Oct-24 | 8 | $3,160 | 8 | 65 | 7 | $3,065 | 1 | $75 |
| 19-Oct-24 | 12 | $5,304 | 11 | 136 | 11 | $4,554 | 1 | $750 |
| 12-Oct-24 | 17 | $8,438 | 12 | 150 | 15 | $8,116 | 2 | $322 |
| 05-Oct-24 | 22 | $23,181 | 12 | 189 | 15 | $19,980 | 7 | $3,201 |
| 28-Sep-24 | 11 | $2,356 | 7 | 144 | 7 | $53 | 4 | $2,303 |
| 21-Sep-24 | 12 | $9,568 | 10 | 169 | 5 | $4,101 | 7 | $5,467 |
| 14-Sep-24 | 24 | $10,988 | 12 | 235 | 16 | $7,175 | 8 | $3,813 |
| 7-Sep-24 | 12 | $20,420 | 16 | 168 | 11 | $20,307 | 1 | $112.9 |
| 31-Aug-24 | 13 | $20,631 | 9 | 134 | 12 | $14,775 | 1 | $5,856 |
| 24-Aug-24 | 19 | $8,452 | 21 | 325 | 16 | $7,102 | 3 | $1,350 |
| 17-Aug-24 | 25 | $49,196 | 16 | 304 | 11 | $39,386 | 14 | $9,810 |
| 10-Aug-24 | 20 | $12,264 | 15 | 312 | 16 | $9,794 | 4 | $2,470 |
| 03-Aug-24 | 26 | $16,498 | 16 | 334 | 18 | $8,137 | 8 | $8,361 |
| 27-Jul-24 | 19 | $16,442 | 21 | 271 | 15 | $13,838 | 4 | $2,604 |
| 20-Jul-24 | 15 | $16,016 | 14 | 184 | 10 | $14,232 | 5 | $1,784 |
| 13-Jul-24 | 20 | $17,220 | 14 | 265 | 18 | $7,146 | 2 | $10,074 |
| 6-Jul-24 | 11 | $3,941 | 11 | 95 | 8 | $2,650 | 3 | $1,291 |
| 29-Jun-24 | 14 | $6,296 | 15 | 224 | 8 | $6,296 | 6 | $1,927 |
| 22-Jun-24 | 12 | $5,679 | 8 | 137 | 5 | $210 | 7 | $5,469 |
| 15-Jun-24 | 13 | $9,895 | 16 | 214 | 10 | $5,280 | 3 | $4,615 |
| 8-Jun-24 | 19 | $23,859 | 13 | 239 | 12 | $19,436 | 7 | $4,423 |
| 1-Jun-24 | 12 | $34,510 | 11 | 147 | 9 | $26,110 | 3 | $8,400 |
| 25-May-24 | 13 | $9,684 | 15 | 171 | 10 | $4,434 | 3 | $5,250 |
| 18-May-24 | 11 | $5,490 | 11 | 173 | 8 | $3,129 | 3 | $2,361 |
| 11-May-24 | 22 | $14,855 | 14 | 227 | 16 | $11,105 | 6 | $3,750 |
| 4-May-24 | 13 | $3,139 | 9 | 87 | 10 | $1,297 | 3 | $1,842 |
| 27-Apr-24 | 10 | $6,684 | 6 | 28 | 10 | $6,684 | 0 | 0 |
| 20-Apr-24 | 19 | $15,989 | 11 | 147 | 9 | $5,208 | 10 | $10,781 |
| 13-Apr-24 | 13 | $8,952 | 9 | 76 | 10 | $1,652 | 3 | $7,300 |
| 6-Apr-24 | 23 | $26,616 | 14 | 222 | 14 | $13,501 | 8 | $13,116 |
| 30-Mar-24 | 12 | $9,286 | 8 | 136 | 8 | $4,299 | 4 | $4,987 |
| 23-Mar-24 | 18 | $5,451 | 17 | 266 | 16 | $4,759 | 2 | $692 |
| 16-Mar-24 | 21 | $11,437 | 13 | 186 | 14 | $9,316 | 6 | $2,070 |
| 9-Mar-24 | 23 | $4,695 | 21 | 218 | 19 | $2,723 | 4 | $1,972 |
| 2-Mar-24 | 20 | $9,108 | 19 | 372 | 14 | $4,558 | 6 | $4,550 |
| 24-Feb-24 | 19 | $16,382 | 12 | 248 | 15 | $9,507 | 4 | $6,875 |
| 17-Feb-24 | 16 | $29,932 | 15 | 157 | 12 | $29,216 | 4 | $716 |
| 10-Feb-24 | 25 | $10,750 | 17 | 196 | 19 | $5,372 | 6 | $5,379 |
| 3-Feb-24 | 12 | $8,416 | 18 | 125 | 9 | $3,416 | 3 | $5,000 |
| 27-Jan-24 | 9 | $8,165 | 9 | 87 | 8 | $7,815 | 1 | $800 |
| 20-Jan-24 | 14 | $4,084 | 12 | 109 | 12 | $3,219 | 2 | $865 |
| 13-Jan-24 | 17 | $33,588 | 12 | 256 | 12 | $26,765 | 5 | $6,823 |
| 6-Jan-24 | 8 | $7,915 | 8 | 84 | 6 | $7,265 | 2 | $650 |
| 30-Dec-23 | 17 | $14,599 | 12 | 99 | 15 | $2,714 | 2 | $11,885 |
| 23-Dec-23 | 23 | $4,182 | 13 | 219 | 16 | $1,813 | 7 | $2,370 |
| 16-Dec-23 | 13 | $16,436 | 13 | 280 | 7 | $15,150 | 5 | $1,286 |
| 9-Dec-23 | 26 | $14,633.90 | 17 | 244 | 16 | $8,095 | 10 | $6,538.90 |
| 2-Dec-23 | 13 | $6,720 | 9 | 57 | 12 | $6,630 | 1 | $90 |
| 25-Nov-23 | 9 | $4,835 | 9 | 131 | 6 | $1,785 | 3 | $3,050 |
| 18-Nov-23 | 22 | $6,568.70 | 17 | 184 | 14 | $4,709.20 | 8 | $1,859.50 |
| 11-Nov-23 | 15 | $9,825 | 13 | 179 | 12 | $6,581 | 3 | $3,244 |
| 4-Nov-23 | 15 | $20,582.50 | 14 | 193 | 12 | $19,417.50 | 3 | $1,165 |
| 28-Oct-23 | 18 | $68,419.10 | 18 | 152 | 15 | $66,646 | 3 | $1,773.10 |
| 21-Oct-23 | 16 | $6,755.90 | 16 | 165 | 15 | $6,755.90 | 1 | $3 |
| 14-Oct-23 | 14 | $67,851.20 | 13 | 125 | 9 | $61,998.50 | 5 | $5,852.70 |
| 7-Oct-23 | 17 | $6,595.50 | 13 | 228 | 16 | $5,995.50 | 1 | $600 |
| 30-Sep-23 | 17 | $1,896.45 | 13 | 189 | 14 | $806.45 | 3 | $1,090 |
| 23-Sep-23 | 23 | $6,432.70 | 17 | 230 | 16 | $1,402.80 | 7 | $5,029.90 |
| 16-Sep-23 | 25 | $23,226.70 | 23 | 353 | 16 | $17,239 | 9 | $5,987.70 |
| 9-Sep-23 | 12 | $6,369 | 8 | 102 | 7 | $4,311 | 5 | $2,058 |
| 2-Sep-23 | 14 | $2,522 | 6 | 92 | 13 | $1,322 | 1 | $1,200 |
| 26-Aug-23 | 17 | $12,160.25 | 13 | 202 | 15 | $6,573.25 | 2 | $5,587.00 |
| 19-Aug-23 | 19 | $11,505 | 13 | 213 | 15 | $11,255 | 4 | $250 |
| 12-Aug-23 | 19 | $9,698.80 | 13 | 184 | 7 | $3,270 | 12 | $6,428.80 |
| 5-Aug-23 | 13 | $5,201 | 12 | 118 | 12 | $5,051 | 1 | $150 |
| 29-Jul-23 | 15 | $21,031.60 | 13 | 196 | 11 | $18,292.00 | 4 | $2,739.60 |
| 22-Jul-23 | 18 | $3,992 | 12 | 130 | 13 | $2,808 | 5 | $1,184 |
| 15-Jul-23 | 13 | $8,254.95 | 13 | 81 | 13 | $8,254.95 | 0 | 0 |
| 8-Jul-23 | 16 | $5,441.45 | 12 | 172 | 11 | $2,443 | 5 | $2,998.45 |
| 1-Jul-23 | 16 | $6,872 | 10 | 105 | 12 | $5,474 | 4 | $1,398 |
| 24-Jun-23 | 13 | $10,914 | 16 | 201 | 10 | $7,874 | 3 | $3,040 |
| 17-Jun-23 | 17 | $5,880.70 | 15 | 151 | 15 | $4,705.70 | 2 | $1,175 |
| 10-Jun-23 | 19 | $8,516.10 | 13 | 111 | 16 | $6,252.40 | 3 | $2,263.70 |
| June 3 2023 | 12 | $6,104.42 | 12 | 138 | 8 | $4,256.92 | 4 | $1,847.50 |
| 27-May-23 | 17 | $12,200 | 10 | 67 | 11 | $6,165 | 6 | $6,035 |
| 20-May-23 | 11 | $22,458.10 | 8 | 103 | 4 | $19,455 | 7 | $3,003 |
| 13-May-23 | 12 | $7,034 | 10 | 101 | 8 | $5,460 | 4 | $1,574 |
| 6-May-23 | 20 | $3,297.60 | 18 | 196 | 17 | $2,985.60 | 3 | $312 |
| 29-Apr-23 | 23 | $3,691.20 | 18 | 135 | 17 | $1,969.70 | 6 | $1,721.50 |
| 22-Apr-23 | 16 | $5,570 | 14 | 104 | 14 | $4,750 | 2 | $1,000 |
| 15-Apr-23 | 12 | $23,818.10 | 9 | 59 | 10 | $21,618.10 | 2 | $2,200 |
| 8-Apr-23 | 16 | $7,949 | 9 | 173 | 9 | $5,472 | 7 | $3,477 |
| 1-Apr-23 | 21 | $18,676.70 | 12 | 175 | 11 | $10,926.70 | 10 | $7,750 |
| 25-Mar-23 | 15 | $8,779.50 | 10 | 141 | 5 | $2,362 | 10 | $6,416.50 |
| 18-Mar-23 | 7 | $14,048.80 | 6 | 69 | 5 | $13,345 | 2 | $703.80 |
| 11-Mar-23 | 21 | $11,576 | 16 | 165 | 16 | $8,131 | 5 | $3,445 |
| 4-Mar-23 | 20 | $9,668 | 11 | 228 | 16 | $8,209 | 4 | $1,459 |
| 25-Feb-23 | 13 | $5,335 | 13 | 130 | 12 | $4,235 | 1 | $1,200 |
| 18-Feb-23 | 14 | $5,743.70 | 13 | 158 | 8 | $898.70 | 6 | $4,845 |
| 11-Feb-23 | 16 | $12,088 | 12 | 137 | 12 | $9,965 | 4 | $2,123 |
| 4-Feb-23 | 17 | $8,066 | 15 | 140 | 13 | $5,614 | 4 | $2,452 |
| 28-Jan-23 | 7 | $2,180 | 7 | 75 | 5 | $1,692.75 | 2 | $488 |
| 21-Jan-23 | 17 | $5,768 | 16 | 174 | 12 | $1,918 | 5 | $3,850 |
| 14-Jan-23 | 11 | $2, 800 | 10 | 102 | 8 | $421 | 3 | $2,400 |
| 7-Jan-23 | 18 | $8,296 | 11 | 167 | 14 | $6,461 | 3 | $1,835 |
| 31-Dec-22 | 14 | $2,732 | 11 | 99 | 12 | $2,092 | 2 | $640 |
| 17-Dec | 14 | $7,919 | 13 | 115 | 12 | $7,419 | 1 | $500 |
| 10-Dec-22 | 14 | $10,093 | 12 | 88 | 11 | $7,093 | 3 | $3,000 |
| 3-Dec-22 | 26 | $12,800.90 | 11 | 172 | 20 | $4,141 | 6 | $8,659.90 |
| 26-Nov-22 | 8 | $2,266.70 | 8 | 5 | 3 | $76 | 5 | $2,190.70 |
| 19-Nov-22 | 21 | $2,886 | 15 | 212 | 19 | $2,550 | 2 | $336 |
| 12-Nov-22 | 13 | $15,093.70 | 9 | 81 | 9 | $14,200 | 4 | $893.70 |
| 5-Nov-22 | 25 | 19,337.20 | 16 | 509 | 22 | $8,267.20 | 3 | $11,070 |
| 29-Oct-22 | 15 | $7,805.30 | 9 | 116 | 14 | $7,180.30 | 1 | $625 |
| 22-Oct-22 | 20 | $8,193.50 | 13 | 253 | 13 | $5,442 | 7 | $2,751.50 |
| 15-Oct-22 | 9 | $3,046.10 | 9 | 139 | 7 | $2,588.30 | 2 | $457.80 |
| 8-Oct-22 | 19 | $2,011.80 | 12 | 114 | 16 | $833.80 | 3 | $1,178 |
| 1-Oct-22 | 23 | $5,532.90 | 16 | 156 | 18 | $4,952.30 | 5 | $580.60 |
| 24-Sep-22 | 18 | $5,194 | 14 | 216 | 15 | $4,050 | 3 | $1,144 |
| 17-Sep-22 | 21 | $8,352.30 | 12 | 320 | 15 | $4,759.60 | 6 | $3,592.70 |
| 10-Sep-22 | 15 | $19,853.50 | 10 | 126 | 13 | $19,403.60 | 2 | $450 |
| 3-Sep-22 | 9 | $2,312 | 9 | 62 | 9 | $2,312 | 0 | 0 |
| 27-Aug-22 | 16 | $30,891.70 | 10 | 135 | 15 | $30,666.40 | 1 | 227.7 |
| 20-Aug-22 | 12 | $1,977 | 8 | 152 | 9 | 925 | 3 | $1,052 |
| 13-Aug-22 | 18 | $8,004.70 | 11 | 242 | 11 | $2,844.70 | 7 | $5,160 |
| 6-Aug-22 | 24 | $7,948.90 | 12 | 240 | 17 | $3,577 | 7 | $4,371.90 |
| 30-Jul-22 | 8 | $6,941 | 9 | 78 | 7 | $6,839 | 1 | $102 |
| 23-Jul-22 | 11 | $801 | 11 | 92 | 10 | $801 | 1 | 0 |
| 16-Jul-22 | 14 | $3,650 | 10 | 122 | 14 | $3,650 | 0 | 0 |
| 9-Jul-22 | 10 | $3,557.70 | 7 | 68 | 9 | $3,557.70 | 1 | 0 |
| 2-Jul-22 | 18 | $8,609.40 | 13 | 152 | 15 | $2,754.40 | 3 | $5,855 |
| 25-Jun-22 | 15 | $6,142 | 13 | 146 | 9 | $2,017 | 6 | $4,125 |
| 18-Jun-22 | 17 | $11,890.10 | 14 | 228 | 15 | $11,410 | 2 | 479.7 |
| 11-Jun-22 | 17 | $7,600 | 12 | 123 | 10 | $2,300 | 7 | $5,300 |
| 4-Jun-22 | 12 | $2,937 | 10 | 127 | 9 | $692 | 3 | $2,245 |
| 28-May-22 | 9 | $3,197.60 | 11 | 86 | 9 | $3,197.60 | 0 | 0 |
| 21-May-22 | 14 | $7,284.50 | 12 | 185 | 11 | $6,609 | 3 | $675.50 |
| 14-May-22 | 11 | $306.60 | 9 | 80 | 10 | $306.60 | 1 | $225 |
| 7-May-22 | 16 | $10,451.75 | 12 | 108 | 12 | $1,827 | 4 | $8,624.75 |
| 30-Apr-22 | 16 | $2,296.50 | 16 | 157 | 12 | $895.50 | 4 | $1,401 |
| 23-Apr-22 | 10 | $2,241 | 11 | 58 | 8 | $1,641 | 2 | $600 |
| 16-Apr-22 | 11 | $6,643 | 7 | 156 | 8 | $2,359 | 3 | $4,284 |
| 9-Apr-22 | 17 | $4,429 | 14 | 184 | 11 | $1,690 | 6 | $2,739 |
| 2-Apr-22 | 13 | $1,755 | 8 | 84 | 10 | $1,145 | 3 | $610 |
| 26-Mar-22 | 11 | $3,205 | 8 | 65 | 6 | $200 | 5 | $3,005 |
| 19-Mar-22 | 13 | $2,239.17 | 9 | 106 | 13 | $2,239.17 | 0 | 0 |
| 12-Mar-22 | 18 | $12,016 | 11 | 239 | 15 | $11,965 | 2 | $51.35 |
| 5-Mar-22 | 17 | $6,786 | 13 | 137 | 13 | $5,161 | 4 | $1,625 |
| 26-Feb-22 | 12 | $5,095 | 8 | 149 | 9 | $4,437.50 | 3 | $658 |
| 19-Feb-22 | 17 | $22,229 | 17 | 174 | 14 | $21,354 | 3 | $875 |
| 12-Feb-22 | 12 | $2,344.70 | 10 | 73 | 8 | $641.70 | 4 | $1,703 |
| 5-Feb-22 | 11 | $2,503 | 8 | 99 | 11 | $2,503 | 0 | 0 |
| 29-Jan-22 | 11 | $3,872 | 12 | 101 | 12 | $3,872 | 0 | 0 |
| 22-Jan-22 | 13 | $5,143.50 | 10 | 99 | 12 | $4,842.50 | 1 | $301 |
| 15-Jan-22 | 12 | $7,605 | 9 | 155 | 9 | $6,480 | 3 | $1,025 |
| 8-Jan-22 | 13 | $8,256.20 | 11 | 102 | 13 | $8,256.20 | 0 | 0 |
| 1-Jan-22 | 9 | $1,273.80 | 6 | 50 | 9 | $1,273.80 | 0 | 0 |
| 25-Dec-21 | 21 | $4,734.75 | 11 | 176 | 16 | $3,410 | 5 | $1,324.75 |
| 18-Dec-21 | 26 | $7,325.20 | 15 | 193 | 18 | $3,640.20 | 8 | $3,685.20 |
| 11-Dec-21 | 16 | $5,017 | 10 | 109 | 13 | $1,417 | 3 | $3,600 |
| 4-Dec-21 | 14 | $2,310 | 8 | 86 | 8 | $2,310 | 6 | $1,882.05 |
| 27-Nov-21 | 9 | $3.460.1 | 10 | 101 | 6 | $1,758 | 3 | $1,702.60 |
| 20-Nov-21 | 20 | $22,792 | 15 | 157 | 12 | $18,864.50 | 8 | $3,928 |
| 13-Nov-21 | 21 | $26,729 | 12 | 178 | 13 | $11,822 | 8 | $14,907 |
| 6-Nov-21 | 12 | $8,303 | 13 | 157 | 10 | $6,682 | 3 | $1,621 |
| 30-Oct-21 | 21 | $10,368 | 15 | 218 | 15 | $9,24.4 | 6 | $1,103.00 |
| 23-Oct-21 | 21 | $18.783.1 | 15 | 222 | 11 | $12,314 | 10 | $6,468.60 |
| 16-Oct-21 | 15 | $3,868 | 11 | 118 | 15 | $2,293 | 2 | $1,575 |
| 9-Oct-21 | 20 | $8,610 | 16 | 175 | 16 | $7,795 | 4 | $815 |
| 2-Oct-21 | 14 | $6,250 | 11 | 137 | 10 | $5,200 | 4 | $1,050 |
| 25-Sep-21 | 11 | $11,460 | 9 | 93 | 7 | $10,200 | 4 | $1,250 |
| 18-Sep-21 | 11 | $16,603 | 8 | 99 | 8 | $15,084 | 3 | $1,519 |
| 11-Sep-21 | 17 | $10,653 | 11 | 103 | 13 | $8,503 | 4 | $2,150 |
| 4-Sep-21 | 13 | $7,222 | 10 | 89 | 11 | $6,715 | 2 | $507 |
| 28-Aug-21 | 12 | $763 | 9 | 63 | 11 | $663 | 1 | $100 |
| 21-Aug-21 | 12 | $29,659 | 7 | 79 | 11 | $29,579 | 1 | $80 |
| 14-Aug-21 | 22 | $17,845 | 11 | 199 | 12 | $12,805 | 10 | $5,04 |
| 7-Aug-21 | 17 | $13,670 | 12 | 139 | 15 | $11,766 | 2 | $1,904 |
| 31-Jul-21 | 21 | $8,160 | 11 | 134 | 10 | $3,574 | 10 | $4,586 |
| July 24,2021 | 21 | $6,367 | 11 | 139 | 15 | $3,712 | 6 | $2,655 |
| 17-Jul-21 | 14 | $4,009 | 11 | 124 | 12 | $2,015 | 2 | $1,994 |
| 10-Jul-21 | 16 | $3,997 | 13 | 143 | 11 | $1,597 | 4 | $2,4 |
| 3-Jul-21 | 24 | $7,492 | 13 | 94 | 16 | $3,769 | 8 | $3,722 |
| 26-Jun-21 | 10 | $4,995 | 7 | 85 | 8 | $3,847 | 2 | $1,148 |
| 19-Jun-21 | 28 | $16,830 | 8 | 228 | 9 | $1,861 | 19 | $14,968 |
| 12-Jun-21 | 26 | $27,238 | 15 | 209 | 19 | $25,602 | 7 | $1,636 |
| 5-Jun-21 | 15 | $15,539 | 13 | 100 | 13 | $14,709 | 2 | $600 |
| 29-May-21 | 35 | $20,279 | 11 | 145 | 28 | $18,64 | 7 | $1,639 |
| 22-May-21 | 24 | $53,208 | 14 | 174 | 17 | $51,047 | 7 | $2,161 |
| 15-May-21 | 18 | $10,620 | 13 | 220 | 11 | $5,870 | 7 | $4,809 |
| 8-May-21 | 17 | $10,400 | 11 | 156 | 15 | $8,386 | 2 | $2,500 |
| 1-May-21 | 21 | $7,200 | 16 | 115 | 12 | $3,808 | 9 | $3,392 |
| 24-Apr-21 | 8 | $20,200 | 9 | 31 | 8 | $20,200 | 0 | 0 |
| 17-Apr-21 | 14 | $6,270 | 8 | 102 | 11 | $40,180 | 3 | $2,260 |
| 10-Apr-21 | 15 | $8,940 | 13 | 129 | 14 | $7,990 | 1 | $950 |
| 3-Apr-21 | 18 | $19,513 | 10 | 151 | 12 | $16,923 | 6 | $2,590 |
| 27-Mar-21 | 27 | $13,942 | 15 | 244 | 14 | $4,300 | 13 | $9,633.50 |
| 20-Mar-21 | 11 | $2,046 | 4 | 102 | 3 | $270 | 8 | $1,776 |
| 13-Mar-21 | 15 | $3,270 | 9 | 109 | 6 | $538 | 9 | $2,732 |
| 6-Mar-21 | 24 | $13,617 | 10 | 196 | 13 | $10,395 | 11 | $3,222 |
| 27-Feb-21 | 19 | $8,105 | 12 | 139 | 15 | $4,970 | 4 | $3,135 |
| 20-Feb-21 | 9 | $8,820 | 9 | 153 | 8 | $8,520 | 1 | $300 |
| 13-Feb-21 | 12 | $4,852.60 | 7 | 81 | 7 | 2,766 | 5 | $2,086.60 |
| 6-Feb-21 | 18 | $9,752 | 13 | 153 | 14 | $5,222 | 4 | $4,530 |
| 30-Jan-21 | 18 | $9,449 | 9 | 182 | 15 | $8,753.80 | 3 | $695.30 |
| 23-Jan-21 | 14 | $8,150 | 8 | 118 | 6 | $4,000 | 8 | $4,150 |
| 16-Jan-21 | 17 | $6,783 | 13 | 138 | 11 | $2,400 | 6 | $4,382.90 |
| 9-Jan-21 | 22 | $6,829 | 14 | 135 | 18 | $3,139.30 | 4 | $3,690 |
| 2-Jan-21 | 7 | $1,466 | 7 | 60 | 7 | $1,466 | 0 | 0 |
| 26-Dec-20 | 18 | $15,900 | 12 | 163 | 16 | $5,300 | 1 | $600 |
| 19-Dec-20 | 18 | $9,769 | 14 | 110 | 14 | $8,426 | 4 | $1,343 |
| 12-Dec-20 | 10 | $7,200 | 9 | 100 | 9 | $3,325 | 1 | $3,830 |
| 5-Dec-20 | 15 | $4,261 | 9 | 122 | 9 | $2,780 | 6 | $1,481 |
| 28-Nov-20 | 19 | $7,758 | 10 | 110 | 13 | $4,003 | 6 | $3,755 |
| 14-Nov-20 | 14 | $864.10 | 14 | 157 | 12 | $289.10 | 2 | $575 |
| 7-Nov-20 | 13 | $6,332 | 9 | 129 | 9 | $2,483.50 | 4 | $3,849 |
| 31-Oct-20 | 10 | $3,995.80 | 8 | 103 | 6 | $3,231.10 | 4 | $754.70 |
| 24-Oct-20 | 6 | $18,100 | 6 | 58 | 5 | $17,709 | 1 | $350 |
| 17-Oct-20 | 8 | $351.90 | 5 | 55 | 8 | $351.90 | 0 | 0 |
| 10-Oct-20 | 7 | $5,229 | 3 | 50 | 4 | $735 | 3 | $4,494 |
| 3-Oct-20 | 14 | $21,428 | 9 | 173 | 9 | $17,535 | 5 | $3,893 |
| 26-Sep-20 | 10 | $12,770 | 8 | 93 | 5 | $10,300 | 5 | $2,470 |
| 19-Sep-20 | 14 | $8,365 | 9 | 101 | 6 | $1,020 | 8 | $7,345 |
| 12-Sep-20 | 6 | $4,406 | 8 | 59 | 3 | $1,270 | 3 | $3,136 |
| 5-Sep-20 | 11 | $5,191 | 8 | 117 | 9 | $4,061 | 2 | $1,130 |
| 29-Aug-20 | 11 | $2,531 | 9 | 94 | 5 | $1,130 | 6 | $1,401 |
| 22-Aug-20 | 18 | $6,574 | 12 | 140 | 7 | $1,930 | 11 | $4,644 |
| 15-Aug-20 | 13 | $4,991 | 10 | 97 | 7 | $1,216 | 6 | $3,775 |
| 8-Aug-20 | 12 | $32,092 | 11 | 112 | 9 | $30,457 | 3 | $1,635 |
| 1-Aug-20 | 7 | $5,287 | 8 | 76 | 5 | $3,687 | 2 | $1,600 |
| 25-Jul-20 | 9 | $18,751 | 6 | 67 | 7 | $18,403 | 2 | $348 |
| 18-Jul-20 | 6 | $1,982.50 | 5 | 50 | 4 | $1,407.50 | 2 | $575 |
| 11-Jul-20 | 11 | $565.10 | 12 | 75 | 10 | $65.10 | 1 | $500 |
| 4-Jul-20 | 10 | $8,889 | 8 | 98 | 9 | $8,788 | 1 | $100.30 |
| 27-Jun-20 | 8 | $6,874 | 10 | 50 | 5 | $4,972.50 | 3 | $2,081.50 |
| 20-Jun-20 | 12 | $4,444 | 9 | 115 | 7 | $2,829 | 5 | $1,615 |
| 13-Jun-20 | 6 | $3,582 | 4 | 37 | 2 | $350 | 4 | $3,232 |
| 6-Jun-20 | 11 | $3,213.70 | 8 | 65 | 7 | $470 | 4 | $2,743.70 |
| 30-May-20 | 8 | $7,335 | 7 | 48 | 6 | $4,639 | 2 | $2,697 |
| 23-May-20 | 4 | $432.40 | 4 | 34 | 3 | $432.40 | 1 | 0 |
| 16-May-20 | 6 | $310 | 6 | 34 | 5 | $310 | 1 | 0 |
| 9-May-20 | 18 | $5,630 | 16 | 124 | 14 | $3,180 | 4 | $2,450 |
| 2-May-20 | 15 | 10,400 | 10 | 90 | 8 | $1,900 | 7 | $,8,500 |
| 25-Apr-20 | 8 | $3,400 | 9 | 36 | 5 | $1,000 | 3 | $2,450 |
| 18-Apr-20 | 19 | $9,500 | 14 | 92 | 8 | $185.70 | 11 | $9,360 |
| 11-Apr-20 | 12 | $6,000 | 9 | 40 | 5 | $190 | 7 | $5,800 |
| 4-Apr-20 | 14 | $8,200 | 11 | 68 | 10 | $2,200 | 4 | $6,000 |
| 28-Mar-20 | 16 | $6,500 | 13 | 96 | 10 | $3,700 | 6 | $2,800 |
| 21-Mar-20 | 11 | $11,910 | 7 | 33 | 7 | $2,250 | 4 | $9,960 |
| 14-Mar-20 | 7 | 809.8 | 6 | 34 | 6 | 684.8 | 1 | 125 |
| 7-Mar-20 | 16 | $2,500 | 15 | 70 | 13 | $669 | 3 | $1,400 |
| 29-Feb-20 | 13 | $15,260 | 13 | 128 | 11 | $11,760 | 2 | $3,500 |
| 22-Feb-20 | 12 | $3,700 | 10 | 92 | 10 | $2,560 | 2 | $1,130 |
| 15-Feb-20 | 16 | $1,250 | 10 | 84 | 12 | $35 | 4 | $1,222 |
| 8-Feb-20 | 18 | $6,080 | 14 | 123 | 14 | $2,595 | 4 | $3,485 |
| 1-Feb-20 | 21 | $20,900 | 12 | 101 | 14 | $17,860 | 7 | $3,060 |
| 25-Jan-20 | 13 | $7,430 | 13 | 62 | 12 | $6,430 | 1 | $1,000 |
| 18-Jan-20 | 23 | $9,580 | 15 | 120 | 19 | $6,580 | 4 | $3,000 |
| 11-Jan-20 | 21 | $14,200 | 18 | 199 | 16 | $1,020 | 5 | $13,200 |
| 4-Jan-20 | 22 | $6,400 | 11 | 119 | 16 | $3,204 | 6 | $3,245 |
| 28-Dec-19 | 22 | $7,150 | 19 | 175 | 18 | $6,800 | 4 | $327.40 |
| 14-Dec-19 | 24 | $36,300 | 23 | 167 | 19 | $9,500 | 5 | $26,800 |
| 7-Dec-19 | 11 | $10,400 | 11 | 55 | 7 | $1,082 | 4 | $9,370 |
| November 30. 2019 | 14 | $2,450 | 12 | 126 | 12 | $1,760 | 2 | $692.50 |
| 23-Nov-19 | 16 | $1,995 | 10 | 41 | 11 | $615 | 5 | $1,380 |
| 16-Nov-19 | 15 | $3,820 | 13 | 135 | 11 | $2,500 | 4 | $1,271 |
| 9-Nov-19 | 25 | $12,900 | 17 | 182 | 23 | $12,200 | 2 | $575 |
| 2-Nov-19 | 10 | $2,470 | 12 | 61 | 9 | 2,450 | 3 | $22 |
| 26-Oct-19 | 12 | $5,560 | 14 | 70 | 11 | $3,860 | 1 | $1,700 |
| 19-Oct-19 | 8 | $6,600 | 8 | 138 | 8 | $6,600 | 0 | 0 |
| 12-Oct-19 | 19 | $4,300 | 14 | 55 | 16 | $3,800 | 3 | $500 |
| 5-Oct-19 | 18 | $14,500 | 19 | 166 | 15 | $11,100 | 3 | $3,400 |
| 28-Sep-19 | 19 | $8,100 | 18 | 132 | 18 | $7,560 | 1 | $550 |
| 21-Sep-19 | 14 | $6,300 | 16 | 66 | 11 | $2,160 | 3 | $4,170 |
| 14-Sep-19 | 15 | $23,800 | 12 | 56 | 11 | $21,250 | 4 | $2,570 |
| 7-Sep-19 | 17 | $3,500 | 15 | 98 | 14 | $1,900 | 3 | $1,600 |
| 31-Aug-19 | 5 | $8,700 | 6 | 50 | 5 | $8,700 | 0 | 0 |
| 24-Aug-19 | 16 | $10,000 | 14 | 82 | 15 | $4,250 | 1 | $5,750 |
| 16-Aug-19 | 10 | $1,680 | 5 | 52 | 7 | $650 | 3 | $950 |
| 9-Aug-19 | 17 | $17,700 | 15 | 68 | 14 | $3,900 | 3 | $13,800 |
| 2-Aug-19 | 13 | $5,760 | 12 | 108 | 13 | $5,760 | NA | NA |
| 27-Jul-19 | 11 | $7,300 | 13 | 76 | 8 | $6,570 | 3 | $730 |
| 20-Jul-19 | 13 | $11,800 | 13 | 125 | 11 | $5,300 | 2 | $6,500 |
| 13-Jul-19 | 10 | $775 | 7 | 46 | 8 | $542.50 | 2 | $233 |
| 6-Jul-19 | 7 | $2,500 | 9 | 85 | 7 | $2,500 | 0 | 0 |
| 29-Jun-19 | 23 | $8,290 | 15 | 154 | 17 | $2,300 | 6 | $5,970 |
| 22-Jun-19 | 17 | $10,700 | 10 | 139 | 14 | $7,700 | 3 | $3,000 |
| 15-Jun-19 | 11 | $13,500 | 14 | 160 | 11 | $13,500 | NA | NA |
| 8-Jun-19 | 13 | $2,870 | 17 | 55 | 11 | $1,570 | 2 | $1,300 |
| 1-Jun-19 | 10 | $4,460 | 11 | 60 | 8 | $4,140 | 2 | $315 |
| 25-May-19 | 17 | $4,360 | 14 | 79 | 14 | $3,700 | 3 | $612 |
| 18-May-19 | 22 | $9,000 | 17 | 150 | 16 | $3,400 | 6 | $5,600 |
| 11-May-19 | 18 | $19,800 | 17 | 177 | 15 | $18,300 | 3 | $1,500 |
| 4-May-19 | 10 | $7,075 | 6 | 32 | 8 | $6,900 | 2 | $175 |
| 27-Apr-19 | 15 | $3,200 | 14 | 117 | 14 | $3,160 | 1 | $40 |
| 20-Apr-19 | 13 | $13,500 | 10 | 90 | 9 | $12,200 | 4 | $1,300 |
| 13-Apr-19 | 16 | $38,900 | 14 | 91 | 14 | $37,800 | 2 | $1,100 |
| 6-Apr-19 | 12 | $6,870 | 11 | 94 | 10 | $6,730 | 2 | $50 |
| 30-Mar-19 | 15 | $6,470 | 12 | 84 | 10 | $7,91.5 | 5 | $5,677 |
| 23-Mar-19 | 18 | $6,450 | 14 | 91 | 14 | $5,042 | 4 | $1,408 |
| 16-Mar-19 | 14 | $10,180 | 12 | 115 | 11 | $8,800 | 3 | $1,300 |
| 9-Mar-19 | 9 | $1,800 | 6 | 49 | 8 | $1,300 | 1 | $500 |
| 2-Mar-19 | 20 | $3,033 | 16 | 107 | 14 | $1,817 | 6 | $1,262 |
| 23-Feb-19 | 12 | $2,040 | 8 | 69 | 9 | $614.60 | 3 | $1,430 |
| 16-Feb-19 | 16 | $9,970 | 18 | 77 | 16 | $9,970 | 0 | 0 |
| 9-Feb-19 | 14 | $6,400 | 10 | 110 | 14 | $6,400 | 0 | 0 |
| 2-Feb-19 | 18 | $6,740 | 15 | 99 | 16 | $5,720 | 2 | $950 |
| 26-Jan-19 | 13 | $2,770 | 11 | 67 | 11 | $918.95 | 2 | $1,850 |
| 19-Jan-19 | 15 | $3,819 | 16 | 76 | 12 | $2,594 | 3 | $1,225 |
| 12-Jan-19 | 18 | $7,283 | 14 | 92 | 15 | $1,683 | 3 | $5,600 |
| 5-Jan-19 | 10 | $529 | 12 | 50 | 10 | $529 | 0 | 0 |
| 22-Dec-18 | 17 | $2,570 | 13 | 87 | 14 | $941 | 3 | $1,629 |
| 15-Dec-18 | 10 | $2,860 | 8 | 26 | 8 | $264 | 2 | $2,600 |
| 8-Dec-18 | 15 | $1,819 | 16 | 65 | 12 | $552 | 3 | $1,267 |
| 1-Dec-18 | 12 | $7,500 | 10 | 90 | 9 | $1,200 | 3 | $6,200 |
| 28-Nov-18 | 15 | $4,500 | 11 | 107 | 14 | $4,000 | 1 | $500 |
| 19-Nov-18 | 18 | $6,137 | 13 | 98 | 13 | $2,142 | 5 | $3,995 |
| 14-Nov-18 | 18 | $9,200 | 13 | 152 | 15 | $8,500 | 3 | $694 |
| 6-Nov-18 | 16 | $17,300 | 16 | 183 | 14 | $16,361 | 2 | $950 |
| 29-Oct-18 | 14 | $14,400 | 18 | 127 | 17 | $13,800 | 1 | $600 |
| 24-Oct-18 | 13 | $6,140 | 13 | 126 | 11 | $5,122 | 2 | $1,018 |
| 17-Oct-18 | 18 | $18,390 | 15 | 125 | 14 | $12,292 | 4 | $6,098 |
| 10-Oct-18 | 29 | $3,149 | 18 | 104 | 20 | $1,647 | 9 | $819 |
| 2-Oct-18 | 18 | $9,300 | 11 | 67 | 14 | $7,300 | 4 | $2,000 |
| 25-Sep-18 | 13 | $7,000 | 11 | 75 | 10 | $6,000 | 3 | $995 |
| 18-Sep-18 | 9 | $3,570 | 7 | 44 | 9 | $3,570 | 0 | 0 |
| 11-Sep-18 | 13 | $5,900 | 10 | 132 | 13 | $5,900 | 0 | 0 |
| 7-Sep-18 | 14 | $5,000 | 15 | 86 | 11 | $4,000 | 3 | $1,000 |
| 29-Aug-18 | 15 | $20,700 | 14 | 79 | 13 | $4,700 | 2 | $16,000 |
| 20-Aug-18 | 10 | $12,400 | 11 | 53 | 8 | $11,380 | 3 | $1,057 |
| 14-Aug-18 | 12 | $19,900 | 12 | 132 | 9 | $18,889 | 3 | $1,011 |
| 7-Aug-18 | 16 | $68,600 | 11 | 106 | 13 | $67,259 | 3 | $1,340 |
| 31-Jul-18 | 15 | $15,100 | 15 | 95 | 11 | $13,060 | 4 | $2,060 |
| 23-Jul-18 | 13 | $2,130 | 15 | 60 | 10 | $1,804 | 3 | $1,100 |
| 17-Jul-18 | 14 | $5,370 | 17 | 98 | 9 | $4,310 | 5 | $1,100 |
| 9-Jul-18 | 16 | $11,200 | 15 | 74 | 10 | $11,080 | 6 | $862 |
| 3-Jul-18 | 13 | $7,000 | 7 | 81 | 12 | $6,330 | 1 | $750 |
| 25-Jun-18 | 15 | $8,800 | 13 | 97 | 9 | $4,970 | 6 | $3,930 |
| 18-Jun-18 | 13 | $14,200 | 14 | 80 | 7 | $221 | 6 | $14,290 |
| 11-Jun-18 | 12 | $6,300 | 8 | 96 | 8 | $5,910 | 4 | $803 |
| 6-Jun-18 | 13 | $14,500 | 10 | 88 | 8 | $14,154 | 5 | $579 |
| 31-May-18 | 11 | $4,890 | 10 | 63 | 8 | $3,240 | 3 | $1,790 |
| 22-May-18 | 15 | $20,400 | 11 | 63 | 9 | $19,808 | 6 | $885 |
| 15-May-18 | 15 | $4,700 | 15 | 106 | 10 | $3,900 | 5 | $643 |
| 9-May-18 | 11 | $1,400 | 13 | 88 | 9 | $1,300 | 2 | $560 |
| 1-May-18 | 8 | $14,250 | 7 | 88 | 7 | $13,400 | 1 | $450 |
| 24-Apr-18 | 12 | $5,300 | 6 | 61 | 11 | $4,470 | 1 | $800 |
| 17-Apr-18 | 9 | $1,800 | 10 | 44 | 7 | $2,330 | 2 | $1,434 |
| 11-Apr-18 | 11 | $2,500 | 8 | 32 | 6 | $1,690 | 5 | $809 |
| 3-Apr-18 | 15 | $13,400 | 11 | 121 | 9 | $12,020 | 6 | $1,090 |
| 28-Mar-18 | 10 | $4,000 | 10 | 92 | 7 | $3,870 | 3 | $215 |
| 19-Mar-18 | 17 | $5,800 | 13 | 51 | 10 | $590 | 7 | $5,165 |
| 12-Mar-18 | 15 | $3,130 | 11 | 43 | 11 | $2,360 | 4 | $788 |
| 6-Mar-18 | 19 | $5,400 | 13 | 116 | 10 | $1,530 | 9 | $4,860 |
| 27-Feb-18 | 20 | $6,600 | 13 | 69 | 14 | $5,530 | 6 | $1,030 |
| 19-Feb-18 | 15 | $5,500 | 14 | 111 | 10 | $3,990 | 6 | $1,980 |
| 12-Feb-18 | 23 | $10,900 | 17 | 157 | 12 | $7,110 | 11 | $3,840 |
| 5-Feb-18 | 16 | $8,600 | 13 | 100 | 7 | $1,330 | 9 | $7,800 |
| 30-Jan-18 | 11 | $12,600 | 11 | 68 | 5 | $7,300 | 6 | $4,982 |
| 24-Jan-18 | 19 | $9,400 | 15 | 129 | 5 | $2,010 | 14 | $7,337 |
| 18-Jan-18 | 10 | $6,280 | 8 | 49 | 2 | $2,100 | 8 | $4,188 |
| 9-Jan-18 | 12 | $16,500 | 12 | 92 | 9 | $15,890 | 3 | $475 |
| 3-Jan-18 | 10 | $2,500 | 9 | 47 | 8 | $2,350 | 2 | $150 |
| 27-Dec-17 | 15 | $9,000 | 15 | 113 | 9 | $7,568 | 6 | $1,784 |
| 18-Dec-17 | 15 | $13,800 | 16 | 164 | 9 | $13,010 | 7 | $1,118 |
| 11-Dec-17 | 14 | $9,700 | 10 | 126 | 12 | $2,940 | 4 | $8,500 |
| 4-Dec-17 | 6 | $1,800 | 6 | 31 | 5 | $1,510 | 1 | $300 |
| 28-Nov-17 | 7 | $3,850 | 8 | 76 | 4 | $3,260 | 3 | $285 |
| 16-Nov-17 | 10 | $2,700 | 10 | 48 | 6 | $1,840 | 4 | $856 |
| 8-Nov-17 | 15 | $2,380 | 17 | 91 | 10 | $1,860 | 5 | $516 |
| 1-Nov-17 | 12 | $4,700 | 17 | 94 | 9 | $3,400 | 4 | $1,300 |
| 23-Oct-17 | 15 | $10,500 | 10 | 67 | 10 | $9,780 | 4 | $1,530 |
| 18-Oct-17 | 6 | $2,000 | 37 | 3 | $225 | 3 | $1,820 | |
| 10-Oct-17 | 12 | $6,570 | 100 | 9 | $3,880 | 3 | $3,360 | |
| 2-Oct-17 | 8 | $3,100 | 11 | 19 | 3 | $1,630 | 5 | $1,750 |
| 25-Sep-17 | 8 | $4,880 | 8 | 79 | 5 | $2,660 | 5 | $2,070 |
| 18-Sep-17 | 9 | $4,770 | 3 | $300 | 6 | $4,470 | ||
| 12-Sep-17 | 11 | $4,430 | 8 | $2,030 | 3 | $2,400 | ||
| 1-Sep-17 | 4 | $1,310 | 3 | $317 | 1 | $1,000 | ||
| 23-Aug-17 | 11 | $13,640 | 9 | 8 | $11,840 | 3 | $1,800 |
M&A/FUNDINGS
Diamondback, Endeavor Energy merge in $26B transaction
Deal Description: Midland oil and gas explorers and producers Diamondback Energy Inc. and Endeavor Energy Resources announced Feb. 12 that they agreed to merge in a transaction valued at $26 billion, including Endeavor’s net debt, creating a premier Permian independent operator.The deal is expected to close in the fourth quarter. It is the fifth billion-dollar energy transaction, and the largest so far this year in a list that includes BlackRock/Global Infrastructure Partners ($12 billion) and Chesapeake/Southwestern ($7.4 billion), according to the Texas Lawbook‘s Corporate Deal Tracker. For more, click here.
Eversource sells stakes in two offshore wind projects to GIP for $1.1B
Deal Description: Eversource Energy announced Feb. 13 it agreed to sell a 50 percent ownership share in the 132-megawatt South Fork Wind and 704-megawatt Revolution Wind projects to Global Infrastructure Partners for $1.1 billion in cash. Eversource will keep certain cost sharing obligations for the construction of Revolution Wind up to around $240 million. Commercial operation of Revolution Wind is expected in 2025. South Fork Wind is expected to enter service before the transaction closes. Eversource plans to use the proceeds to repay parent debt. Ørsted’s 50 percent ownership interests aren’t affected by the announcement. Eversource announced Jan. 24 it agreed to sell its 50 percent interest in the 924-megawatt Sunrise Wind project to Ørsted, and in May 2023, Eversource said it would sell its 50 percent interest in 175,000 of developable but uncommitted offshore acres to Ørsted for $625 million. That transaction closed on Sept. 7.
Expected Closing: mid-2024
Eversource’s Financial Advisor: Goldman Sachs
Eversource’s Outside Counsel: Ropes & Gray led by M&A partners Thomas Fraser and Marko Zatylny in Boston
GIP’s Outside Counsel: Vinson & Elkins with a team led by partners Matt Falcone, Kaam Sahely and Eamon Nolan.
Carnelian closes fifth fund at $975M
Deal Description: Houston-based Carnelian Energy Capital Management announced Feb. 5 the single closing of its oversubscribed fifth fund, Carnelian Energy Capital V, at the fund’s hard cap of $975 million in limited partner capital commitments. Carnelian was founded in 2015 to manage private equity funds focused on the North American energy sector. Carnelian has raised $4 billion of capital commitments since inception and has formed partnerships with 32 portfolio companies. Carnelian was co-founded nine years ago by partner Tomas Ackerman, formerly with Dallas-based NGP.
Carnelian’s Inhouse Counsel: Its general counsel is Matt Savage, formerly an associate in the Houston office of Gibson, Dunn & Crutcher
Carnelian’s Outside Counsel: Kirkland & Ellis with a team led by investment funds partners Laura Stake and Matthew Nadworny and tax partner Steve Butler; and including investment funds associates Susan Czaikowski, Megan Bourassa and Jordan Redler.
CORE Industrial Partners closes two new funds totaling $887M
Deal Description: Private equity firm CORE Industrial Partners announced Feb. 14 the closing of $887 million in capital commitments between its $685 million flagship fund, CORE Industrial Partners Fund III, and $202 million in its new offering, CORE Industrial Services Fund I, with both funds exceeding their targets. In the past five years, CORE has raised more than $1.58 billion of total limited partner commitments dedicated to investing in the industrial sector. Fund III will continue CORE’s strategy of acquiring manufacturing and industrial technology businesses that it believes can benefit from its investment and operating experience to accelerate growth and create long-term value for investors, business owners and management teams. CORE’s newest fund strategy, Industrial Services Fund I, brings a more concentrated focus to the highly fragmented industrial services sector that it believes is experiencing strong growth due to reshoring and proliferation of advanced technologies with the adoption of Industry 4.0 applications in North America. Investors in the CORE funds include endowments, foundations, insurance companies, public and corporate pensions, global asset managers, investment advisers and family offices across North America and Europe. CORE has offices in Chicago, Austin and Cleveland.
CORE’s Outside Counsel: Kirkland & Ellis with a team led by investment funds partners Jeff Kaplan, David Stults and Patrick Valenti and associates Anna Metzger, Sean Linehan and Alice Palkovitz; tax partners Dan Meehan and Christopher Odell; regulatory investment funds partners Josh Westerholm, Reed Schuster (in Austin) and Vanessa Walters; and ERISA investment funds partner Christine Matott.
CORE’s Placement Agent: Harris Williams Private Capital Advisory
ContextLogic sells Wish to Qoo10 for $173M
Deal Description: Publicly traded ContextLogic Inc., which does business as Wish, announced Feb. 12 that its board unanimously approved an agreement to sell substantially all of its operating assets and liabilities of its Wish ecommerce platform to Qoo10, an ecommerce platform operating localized online marketplaces in Asia, for $173 million in cash. The purchase price represents around $6.50 per share, an 44 percent premium over ContextLogic’s closing stock price on Feb. 9. After closing, ContextLogic will have limited operating expenses and a balance sheet that will be debt-free, with net cash proceeds from the asset sale, about $2.7 billion of net operating loss (NOLs) carryforwards and certain retained assets. The board intends to use the proceeds from the transaction to help monetize its NOLs. The board also intends to explore the opportunity for a financial sponsor to help ContextLogic realize the value of its tax assets. If the ContextLogic doesn’t identify opportunities allowing it to effectively monetize the value of its NOLs to the benefit of shareholders, it intends to promptly return all capital to shareholders.
Expected Closing: Q2 2024 if it clears ContextLogic’s shareholders
ContextLogic’s Financial Advisor: J.P. Morgan Securities
ContextLogic’s Outside Counsel: Sidley Austin including M&A partners Mark Metts (Houston), Sharon Flanagan and Sally Wagner Partin (San Francisco) and Feifei Bian (Century City)
Qoo10’s Financial Advisor: Jefferies
Qoo10’s Outside Counsel: Shearman & Sterling including Alain Dermarkar, Bobby Cardone, Kyungwon (Won) Lee, Theodora V. Volsky, Efren Lemus, Samantha Favela, Larry Crouch, John Cannon, JB Betker, K.J. Salameh, Matthew Brown, Michael Buiteweg and Eric Dunbar
Insight participates in funding two deals worth $79M
Deal Description: Willkie Farr & Gallagher said last week it represented Insight Partners on two fundings. The first, announced Feb. 12, involved LeoLabs, the company which claims to have the largest commercial catalog of objects in low Earth orbit, which raised an additional $29 million in financing. New investors include GP Bullhound, 1941 and Dolby Family Ventures, joining Insight as an existing investor, among others. The funding enables LeoLabs to scale up its insight delivery by further investing in advanced end-user applications and partner integrations. The second, announced Feb. 8, involved Unlearn, an AI company creating digital twins of clinical trial participants that enable smaller, faster studies, which raised a $50 million in Series C funding. Altimeter Capital led the round joined by returning investor Insight, among others. The funding was secured to propel Unlearn’s mission to advance AI to eliminate trial and error in medicine by investing in people, data, engineering capabilities and longer-term R&D initiatives.
From Willkie: The team on both deals was led by partner Matthew Haddad in New York and associate Joe Laurel in Houston
Austin’s Merit Medicine attracts $2M in seed funding
Deal Description: Austin-based Merit Medicine, a health tech startup that helps self-funded employers monitor provided healthcare costs, announced Feb. 15 the close of a $2M seed round led by hometown investors LiveOak Ventures. Founded in 2022 by Ali Panjwani, Merit’s healthcare risk management platform uses a vast array of datapoints to guide employers through increasingly novel and potentially expensive drugs and treatments that can potentially reduce broader-based benefits for employees. Also based in Austin, LiveOak Ventures is a generally small cap life-cycle investor for a variety of health and technology ventures that have included AmplifAI, DISCO, Eventus, Homeward, OJO Labs, Osano, SchooLinks and Take Command Health. Lawyers for the parties were not disclosed.
CTC attracts investment from Endeavour, Greenbelt Capital
Deal Description: Endeavour Capital and Greenbelt Capital Partners announced Feb. 12 the close of an investment in CTC Global Corp. Terms weren’t disclosed. Based in Irvine, Calif., CTC specializes in engineering and manufacturing advanced conductor cores for high-voltage transmission cables. The company’s conductors have been installed in more than 1,250 projects across 60 countries by 250 utilities. CEO J.D. Sitton will continue to lead the business through its next phase of growth. More than $21 trillion will be invested into the global energy grid between 2020 and 2050, according to Bloomberg New Energy Finance.
Greenbelt’s Outside Counsel: Kirkland & Ellis led by corporate partners Jhett Nelson, Shubi Arora and Zahra Usmani with assistance from corporate associates Michael Goodrich, William Kelly and Pi Praveen; tax partners Vin Thorn and Liam Murphy and associate Christian Ekins; international trade and national security partners Luci Hague and Mario Mancuso and associate Brandon Ricaurte; and executive compensation partners Stephen Jacobson and Jabir Yusoff and associate Dillon Jones.
Doggett Automotive buys dealerships from Group 1
Deal Description: Doggett Automotive Group, a family-owned business in Beaumont, announced Feb. 7 it acquired five dealerships known as the Mike Smith Auto Complex in Beaumont from a large Houston publicly traded automotive conglomerate. Terms weren’t disclosed. The deals closed Feb. 5. The seller was Houston-based Group 1 Automotive Inc., which announced Feb. 12 the disposal of 10 franchises and a collision center in Beaumont in the first quarter of 2024. The acquisition includes the brands Mercedes-Benz, Honda, Chrysler, Dodge, Jeep, Ram, VW and Nissan. The expansion not only bolsters Doggett’s automotive presence but also underscores the company’s commitment to providing a range of automotive options to its customers. In 2018, Doggett ventured into the automotive sector with its inaugural automotive acquisition of Lone Star Ford in Houston from Sonic Automotive. Doggett continued its expansion in 2023 with the acquisition of Kinsel Auto in Beaumont, including Kinsel Ford, Toyota, Mazda and Lincoln dealerships.
Group I’s In-House Counsel: Chief legal officer Gillian Hobson
Group I’s Outside Counsel: Nolen PLLC led by Brian Nolen
Group 1 Automotive buys RRR Automotive
Deal Description: Group 1 Automotive Inc., an international Fortune 300 automotive retailer with 198 dealerships in the U.S. and U.K., announced Feb. 12 the expansion of its U.S. portfolio in the greater Baltimore/Washington, D.C., market, the sixth largest metropolitan area in the U.S. The acquisition includes Toyota, Honda, Hyundai and Kia new vehicle dealerships, one Toyota Certified pre-owned center and three collision centers. The group includes the two highest volume Honda dealerships in the state of Maryland. The dealerships are expected to generate more than $500 million in annual revenues. Consistent with its strategy to focus on larger, higher performing dealerships, the company said it also disposed of 10 franchises and a collision center in Beaumont during the first quarter of 2024 (see above item).
Group I’s In-House Counsel: Chief legal officer Gillian Hobson
Group I’s Outside Counsel: Nolen PLLC led by Brian Nolen
Salesloft acquires Drift
Deal Description: Salesloft, a Vista Equity-backed provider of an AI-powered revenue orchestration platform, announced Feb. 13 the acquisition of Drift, the buyer experience and conversational AI company. The combination of Salesloft and Drift will allow companies to orchestrate a personalized, omnichannel buyer journey powered by AI, providing an optimal buying experience that drives higher quality pipeline and revenue outcomes. The combined company will have nearly 6,000 global customers and employees based in Atlanta, Boston, Tampa, San Francisco, London, Warsaw, Capetown, South Africa and Guadalajara, Mexico.
Salesloft’s/Vista’s Outside Counsel: Kirkland & Ellis with a team led by corporate partners Marc Browning and Rodin Hai-Jew and associates Michael White, Joe Caputo and Alanna Potter; debt finance partners Sonali Jindal and Austin Glassman; and tax partner Heidi Yuen and David Kung.
Reliance Steel buys American Alloy Steel
Deal Description: Reliance Steel & Aluminum Co. announced Feb. 14 that it entered into a definitive agreement to acquire all of the outstanding equity interests and related real estate assets of American Alloy Steel Inc., a distributor of carbon and alloy steel plate and round bar, including pressure vessel quality material. Terms weren’t disclosed. Founded in 1971 by Art Moore and headquartered in Houston, American Alloy operates five service centers in the U.S. and a plate fabrication business. American Alloy also has a joint venture in Canada. American Alloy sells to customers throughout the U.S., Canada and Mexico as well as certain international markets, supporting military, infrastructure, power generation, utility, refining, petrochemical, mining, shipbuilding and marine applications. The addition of American Alloy will increase Reliance’s processing capabilities in the areas of burning, cutting, rolling and beveling. Last year, American Alloy generated $310 million in net sales. The current American Alloy team, including management, is expected to remain in place post-closing.
Expected Closing: Within the next 60 days if it clears regulators
American Alloy’s Financial Advisor: Montrose Advisors
American Alloy’s Outside Counsel: BoyarMiller
American Alloy’s Consulting Services Provider: Frankfort Lipp Capital Advisors
Notes: American Alloy is one of BoyarMiller’s longest standing clients, having been with the firm since it was started in 1990 (partner Gary Miller was in his mid-30’s when he first began representing the company).
CAPITAL MARKETS/FINANCINGS
CNX Resources prices $400M in senior notes
Deal Description: CNX Resources Corp. announced the pricing of $400 million of its 7.250% senior notes due 2032. The offering was expected to close on Feb. 23. The notes will be guaranteed by all of CNX’s wholly owned restricted subsidiaries that guarantee its revolving credit facility. CNX intends to use the net proceeds to purchase its outstanding 7.250% senior notes due 2027, fund the redemption of any 2027 notes that remain outstanding after the completion of the tender offer and repay borrowings under its revolving credit facility, with any remaining proceeds used for general corporate purposes.
CNX’s Outside Counsel: Latham & Watkins with a corporate deal team led by Austin partner David Miller and Houston partner Monica White with Austin associate Connor Adams and Houston associates Brian Bruzzo and Dalyn Dessaure. Advice was also provided on tax matters by Houston partners Tim Fenn and Jim Cole with associate Molly Elkins; and on environmental matters by Los Angeles/Houston partner Joshua Marnitz with associate Brandon Kerns.
Initial Purchasers’ Outside Counsel: Vinson & Elkins led by partners Thomas Zentner and David Stone and counsel Raleigh Wolfe with assistance from associates Nate Richards, Patrick Reintjes and Shelby Shearer. Also advising were partner Wendy Salinas and associates Jeff Slusher and Patrick Darby (tax); partner Casey Hopkins and associate Nathan Campbell (environmental); partner Guy Gribov and associate David Albano (finance); partner David D’Alessandro and counsel Heather Johnson (executive compensation/benefits); and counsel Alex Bluebond and associate Ashley Plunk (employment/labor).
Sunnova Energy securitizes $226M in residential solar systems
Deal Description: Sunnova Energy International Inc., a U.S. residential solar and energy storage service provider, closed Feb. 13 its securitization of leases and power purchase agreements by a wholly owned subsidiary of $226.0 million in asset-backed notes in three tranches. The three-tranche securitization includes $194.5 million in A- (sf) rated 5.65% notes, $16.5 million in BBB (sf) rated 7.00% notes and $15.0 million in BB- (sf) rated 9.00% notes. The notes are backed by a portfolio of 21,500 solar rooftop systems distributed across 18 states, Guam and Puerto Rico. The notes are secured by, and payable from the cash flow generated by, the membership interests in wholly owned, direct subsidiaries of the issuing entity and proceeds from the sale of renewable energy credits. Each such subsidiary owns a managing member interest in a project company, three of which are tax equity partnerships. Sunnova used the proceeds from the sale for, among other things, a partial prepayment of certain existing financing arrangements and intends to use the remaining net proceeds for general corporate purposes.
Sunnova’s Outside Counsel: Baker Botts including: Corporate/Finance: Travis Wofford (Partner, Houston); Natasha Khan (Partner, Houston); Frank Schoen (Partner, New York); Jonathan Goldstein (Partner, New York); Eileen Boyce (Partner, Houston); Lyman Paden (Senior Counsel, Houston); Lauren Randle (Senior Associate, Houston); Daniel Jung (Associate, Houston); Ushma Mehta (Associate, Palo Alto); Thomas Blackwell (Associate, Houston); Chandler Block (Associate, Houston); Sarah Dyer (Associate, Houston); Eleana Kartali (Foreign Associate; Washington, DC); Alyssa McCain (Associate, Houston); Johnathan Walker (Associate, Houston); Cade Luedde (Associate, Houston); Blake Vick (Associate, Houston); Tax: Michael Bresson (Partner, Houston); Chuck Campbell (Special Counsel, Houston); Michael Kovacich (Associate, Houston); ERISA: Robin Melman (Partner, New York); Gabriela Alvarez (Senior Associate, Houston); Renewable Energy Regulatory: Emil Barth (Partner, Washington); and Advisory: Danny David (Partner, Houston)
Other Parties: ATLAS SP Securities, a unit of Apollo Global Securities, was sole structuring agent and sole bookrunner; Wilmington Trust was transaction transition manager and indenture trustee; and U.S. Bank National Association was custodian for the asset-backed notes private placement.
Groupon closes rights offering, capital raise of $80M
Deal Description: Winston & Strawn said Feb. 14 it represented Groupon Inc. on its $80 million fully backstopped rights offering for shares of the company’s common stock. More than 7.07 million shares of common stock were purchased at $11.30 per share. The rights offering, which was oversubscribed, began on Nov. 21 and closed in late January. The proceeds will be used for general corporate purposes, which may include debt repayment. Kroll Issuer Services (US) was the subscription and information agent.
From Winston & Strawn: The team was co-led by Steve Gavin, Dane Drobny and Keerthika Subramanian in Chicago and included Dominique Fry (Chicago), John Niedzwiecki (Houston) and Emily Versweyveld, Gregory Garcia and Mollie Goldfarb (Chicago)
Nutex prices $10M direct offering of common stock, warrants
Deal Description: Publicly traded Nutex Health Inc. announced Jan. 23 that it entered into a securities purchase agreement with a single unnamed healthcare-focused institutional investor that agreed to purchase 66.6 million shares of common stock and warrants to purchase up to an aggregate of 66.6 million shares of common stock at a purchase price of 15 cents per share and accompanying warrant in a registered direct offering. The warrants have an exercise price of 15 cents per share, are exercisable immediately and will expire five years after the date of issuance. The gross proceeds to Nutex are estimated to be $10 million before deducting the placement agent fees and other offering expenses. The offering was expected to close by Jan. 25. Headquartered in Houston and founded in 2011, Nutex is a healthcare management and operations company.
Placement Agent: Maxim Group
Nutex’s Outside Counsel: Locke Lord with a team led by Gislar Donnenberg. Additional assistance was provided by Jon Daly (Houston), Stanley Keller (Boston), Joseph Chung (New York) and Shaylen Jessop (Houston).