M&A Deal Summary |
|
|---|---|
| Date | 2017-12-11 |
| Target | Forge Energy |
| Sector | Oil/Gas Exploration |
| Buyer(s) | Chord Energy |
| Sellers(s) |
EnCap Investments
Pine Brook Partners Burlington Resources |
| Deal Type | Add-on Acquisition |
| Deal Value | 946M USD |
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| Category | Company |
|---|---|
| Founded | 2007 |
| Sector | Oil/Gas Exploration |
| Employees | 531 |
| Revenue | 3.6B USD (2022) |
Chord Energy is an independent oil and gas company focused on the acquisition and development of unconventional oil and natural gas resources. Chord Energy was formed in 2007 and is based in Houston, Texas.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 3 |
| Sector (Oil/Gas Exploration) | 1 of 3 |
| Type (Add-on Acquisition) | 1 of 1 |
| State (Texas) | 1 of 2 |
| Country (United States) | 1 of 3 |
| Year (2017) | 1 of 1 |
| Size (of disclosed) | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-11-08 |
Bobcat DevCo
United States Bobcat DevCo LLC focused in the Wild Basin operating area and include gas gathering, compression and gas lift, crude oil gathering and produced water gathering and disposal. Bobcat DevCo is a particularly strategic midstream asset, as it has been a key contributor to the early success of connecting third-party volumes to OMP's gas plants. |
Sell | $125M |
| Category | Growth Capital Firm |
|---|---|
| Founded | 1988 |
| PE ASSETS | 38.0B USD |
| Size | Mega |
| Type | Sector Focused |
EnCap Investments is a private equity firm focused on the US energy sector. EnCap specifically looks for upstream and midstream opportunities within the oil and gas industry. EnCap generally partners with seasoned management when pursuing investments. EnCap Investments has offices in Dallas and Houston.
| DEAL STATS | # |
|---|---|
| Overall | 43 of 50 |
| Sector (Oil/Gas Exploration) | 42 of 47 |
| Type (Add-on Acquisition) | 24 of 29 |
| State (Texas) | 32 of 37 |
| Country (United States) | 43 of 49 |
| Year (2017) | 2 of 2 |
| Size (of disclosed) | 8 of 28 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-07-10 |
Silverback Exploration II
San Antonio, Texas, United States Silverback Exploration II is an independent oil and gas exploration company. Silverback II was formed to pursue organic development projects and strategic acquisitions in conventional and unconventional resource plays across the U.S. Silverback Exploration II is based in San Antonio, Texas. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-01-01 |
Forge Energy II
San Antonio, Texas, United States Forge Energy II is an exploration and production company focused on the acquisition and development of horizontal resource plays in the Lower 48. Forge Energy II is based in San Antonio, Texas. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 2006 |
| PE ASSETS | 6.0B USD |
| Size | Mega |
| Type | Sector Focused |
Pine Brook Road Partners is a private equity group focused on growth capital investments in the energy and financial services sectors. Specific areas of interest within the energy sector include exploration, oilfield services, transportation/storage, power generation/distribution/transmission, and biofuel/renewable resources. Specific areas of interest within financial services include insurance, banks, asset management, specialty finance, and servicing/distribution/origination. Pine Brook generally acts as the lead/control investor in newly-formed or established businesses. The Firm has a special interest in 'underappreciated or overlooked' opportunities. Pine Brook Road Partners was formed in 2006 and is based in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 12 of 25 |
| Sector (Oil/Gas Exploration) | 5 of 9 |
| Type (Add-on Acquisition) | 6 of 11 |
| State (Texas) | 8 of 13 |
| Country (United States) | 9 of 19 |
| Year (2017) | 3 of 3 |
| Size (of disclosed) | 2 of 10 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-09-01 |
Cadence Business Finance
Houston, Texas, United States Cadence Business Finance provides customized solutions to specialty finance companies. Flexible covenant structures in industries such as equipment financing, insurance premium financing, specialty asset-based lending and factoring, as well as merchant cash advance, foster the long-term success of asset-based lenders, and that of their clients. |
Sell | $198M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-12-15 |
ATX Energy Partners
Austin, Texas, United States ATX Energy Partners is an exploration and production company focused on the acquisition and development of acreage positions in unconventional domestic oil and liquids resource plays. ATX Energy Partners was founded in 2017 and is based in Austin, Texas. |
Buy | - |
| Category | Company |
|---|---|
| Founded | 1988 |
| Sector | Oil/Gas Exploration |
Burlington Resources was an oil/gas exploration company spun off of Burlington Northern Railroad in 1988.
| DEAL STATS | # |
|---|---|
| Overall | 3 of 3 |
| Sector (Oil/Gas Exploration) | 2 of 2 |
| Type (Add-on Acquisition) | 1 of 1 |
| State (Texas) | 2 of 2 |
| Country (United States) | 3 of 3 |
| Year (2017) | 1 of 1 |
| Size (of disclosed) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2011-07-01 |
Forge Energy
San Antonio, Texas, United States Forge Energy is an oil and gas exploration and production company. Forge focuses on developing domestic onshore oil and gas resources, both conventional and unconventional. |
Buy | - |
