M&A Deal Summary |
|
|---|---|
| Date | 2018-10-28 |
| Target | Penn Virginia |
| Sector | Oil/Gas Exploration |
| Buyer(s) | Denbury |
| Deal Type | Add-on Acquisition |
| Deal Value | 1.7B USD |
| Advisor(s) | Jefferies (Financial) Skadden, Arps, Slate, Meagher & Flom Gibson, Dunn & Crutcher (Legal) |
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| Category | Company |
|---|---|
| Founded | 1951 |
| Sector | Oil/Gas Exploration |
| Revenue | 1.7B USD (2022) |
Denbury is an independent energy company with operations and assets focused on Carbon Capture, Utilization, and Storage (“CCS”) and Enhanced Oil Recovery (“EOR”) in the Gulf Coast and Rocky Mountain regions. For over two decades, the Company has maintained a unique strategic focus on utilizing CO2 in its EOR operations and since 2012 has also been active in CCS through the injection of captured industrial-sourced CO2. It currently injects over four million tons of captured industrial-sourced CO2 annually, with an objective to fully offset its Scope 1, 2, and 3 CO2 emissions by 2030, primarily through increasing the amount of captured industrial-sourced CO2 used in its operations. Danbury was incorporated in 2003 and is based in Plano, Texas.
| DEAL STATS | # |
|---|---|
| Overall | 8 of 8 |
| Sector (Oil/Gas Exploration) | 8 of 8 |
| Type (Add-on Acquisition) | 5 of 5 |
| State (Pennsylvania) | 1 of 1 |
| Country (United States) | 8 of 8 |
| Year (2018) | 1 of 1 |
| Size (of disclosed) | 2 of 8 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2013-01-15 |
ConocoPhillips - Cedar Creek Anticline Oil & Gas Properties
United States ConocoPhillips - Cedar Creek Anticline Oil & Gas Properties is a major geological feature in eastern Montana and western North Dakota that extends for approximately 126 miles in a northwest-southeast direction and ranges from two to six miles in width. CCA is a series of producing oil units, each of which could be considered a field by itself. Commercial quantities of oil were first discovered in the South Pine Unit of CCA in the early 1950s. The original oil in place at all CCA fields, including those not owned by Denbury, is estimated at over three billion barrels of oil. |
Buy | $1.1B |
