M&A Deal Summary

Chesapeake Energy Acquires WildHorse Resource Development

On October 30, 2018, Chesapeake Energy acquired oil/gas exploration company WildHorse Resource Development for 4.0B USD

Acquisition Highlights
  • This is Chesapeake Energy’s 9th transaction in the Oil/Gas Exploration sector.
  • This is Chesapeake Energy’s 2nd largest (disclosed) transaction.
  • This is Chesapeake Energy’s 10th transaction in the United States.
  • This is Chesapeake Energy’s 7th transaction in Texas.

M&A Deal Summary
Date 2018-10-30
Target WildHorse Resource Development
Sector Oil/Gas Exploration
Buyer(s) Chesapeake Energy
Deal Type Add-on Acquisition
Deal Value 4.0B USD
Advisor(s) Tudor, Pickering, Holt & Co., LLC
Morgan Stanley
Guggenheim Securities (Financial)

Target

WildHorse Resource Development

Houston, Texas, United States
website
WildHorse Resource Development Corp. s an independent oil and natural gas company focused on the acquisition, exploration, development, and production of oil, natural gas and NGL properties primarily in the Eagle Ford Shale and Austin Chalk in East Texas.

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Buyer(S) 1

Buyer

Chesapeake Energy

Oklahoma City, Oklahoma, United States

website

Category Company
Founded 1989
Sector Oil/Gas Exploration
Employees1,200
Revenue 11.4B USD (2022)
DESCRIPTION

Chesapeake Energy is a producer of natural gas and the 12th major producer of oil and natural gas liquids in the U.S., with an industry-leading portfolio of high-quality unconventional assets in top onshore plays. Chesapeake Energy was incorporated in 1989 and is based in Oklahoma City, Oklahoma.

DEAL STATS #
Overall 10 of 12
Sector (Oil/Gas Exploration) 9 of 11
Type (Add-on Acquisition) 10 of 11
State (Texas) 7 of 9
Country (United States) 10 of 12
Year (2018) 1 of 1
Size (of disclosed) 2 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-23 Chesapeake Energy - Royalty Portfolio

United States

Chesapeake Energy - Royalty Portfolio includes producing and non-producing mineral and royalty interests associated with over 8,500 wells across 24 states and 324 counties.

Sell $128M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-31 MidCon Compression

Oklahoma City,, Oklahoma, United States

MidCon Compression LLC includes 162 compression units, with a total horsepower of approximately 110,000. The majority of the units currently are being used to provide compression services to BHP Billiton Petroleum in Arkansas’ Fayetteville Shale.

Sell -
Mergr

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