M&A Deal Summary |
|
|---|---|
| Date | 2021-07-08 |
| Target | ConocoPhillips - Wind River Basin Assets |
| Sector | Oil/Gas Exploration |
| Buyer(s) | Contango Oil & Gas |
| Sellers(s) | ConocoPhillips |
| Deal Type | Divestiture |
| Deal Value | 67M USD |
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| Category | Company |
|---|---|
| Founded | 1986 |
| Sector | Oil/Gas Exploration |
| Employees | 205 |
| Revenue | 113M USD (2020) |
Contango Oil & Gas is an oil and gas company based in Houston, Texas, focused on the exploration, development, production and acquisition of natural gas and oil properties both onshore and offshore in the shallow waters of the Gulf of Mexico. Contango Oil & Gas was founded in 1986 and is based in Houston, Texas.
| DEAL STATS | # |
|---|---|
| Overall | 3 of 3 |
| Sector (Oil/Gas Exploration) | 3 of 3 |
| Type (Divestiture) | 1 of 1 |
| State (Texas) | 2 of 2 |
| Country (United States) | 3 of 3 |
| Year (2021) | 2 of 2 |
| Size (of disclosed) | 2 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-01-21 |
Mid-Con Energy
Tulsa, Oklahoma, United States Mid-Con Energy was formed to own, acquire, exploit and develop producing oil and natural gas properties in North America, with a focus on Enhanced Oil Recovery ("EOR"). Its management team has significant industry experience, especially with waterflood projects and, as a result, our operations focus primarily on enhancing the development of producing oil properties through waterflooding. Mid-Con Energy was formed in 2011 and is based in Tulsa, Oklahoma. |
Buy | - |
| Category | Company |
|---|---|
| Founded | 1917 |
| Sector | Oil/Gas Exploration |
| Employees | 9,500 |
| Revenue | 78.5B USD (2022) |
ConocoPhillips is an integrated energy company with operations and activities in 27 countries. The Company's key focus areas include operating producing assets, executing major developments and exploring for new resources in promising areas. ConocoPhillips' portfolio includes resource-rich North American shale and oil sands assets; lower-risk legacy assets in North America, Europe, Asia and Australia; several major international developments; and a growing inventory of global conventional and unconventional exploration prospects. ConocoPhillips was incorporated in 1917 and is based in Houston, Texas.
| DEAL STATS | # |
|---|---|
| Overall | 9 of 10 |
| Sector (Oil/Gas Exploration) | 5 of 6 |
| Type (Divestiture) | 8 of 9 |
| State (Texas) | 4 of 5 |
| Country (United States) | 8 of 9 |
| Year (2021) | 1 of 1 |
| Size (of disclosed) | 5 of 6 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-10-19 |
Concho Resources
Midland, Texas, United States Concho Resources, Inc. is an independent oil and natural gas company engaged in the acquisition, development and exploration of oil and natural gas properties. Concho Resources was founded in 2006 and is based in Midland, Texas. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-01-28 |
ConocoPhillips - Permian Basin
Houston, Texas, United States ConocoPhillips's Permian Basin produces over 11,000 boepd (50% oil) from the Central Basin Platform and Northwest Shelf. |
Sell | $440M |
