M&A Deal Summary

Cimarex Energy Acquires Resolute Energy

On November 19, 2018, Cimarex Energy acquired energy services and equipment company Resolute Energy for 1.6B USD

Acquisition Highlights
  • This is Cimarex Energy’s 1st transaction in the Energy Services and Equipment sector.
  • This is Cimarex Energy’s largest (disclosed) transaction.
  • This is Cimarex Energy’s 1st transaction in the United States.
  • This is Cimarex Energy’s 1st transaction in Colorado.

M&A Deal Summary
Date 2018-11-19
Target Resolute Energy
Sector Energy Services and Equipment
Buyer(s) Cimarex Energy
Deal Type Add-on Acquisition
Deal Value 1.6B USD
Advisor(s) Petrie Partners LLC
Goldman Sachs Investment Banking Division (Financial)
Arnold & Porter LLP
Wachtell, Lipton, Rosen & Katz LLP (Legal)

Target

Resolute Energy

Denver, Colorado, United States
website
Resolute Energy Corp. is an independent oil and gas company focused on the acquisition and development of unconventional oil and gas properties in the Delaware Basin portion of the Permian Basin of west Texas. Resolute Energy was founded in 2004 and is based in Denver, Colorado.

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Buyer(S) 1

Buyer

Cimarex Energy

Denver, Colorado, United States

website

Category Company
Founded 2002
Sector Oil/Gas Exploration
Employees747
Revenue 1.6B USD (2020)
DESCRIPTION

Cimarex Energy is an oil and gas exploration and production company with principal operations in the Anadarko and Permian Basins of the US. Cimarex Energy was founded in 2002 and is based in Denver, Colorado.

DEAL STATS #
Overall 1 of 1
Sector (Energy Services and Equipment) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Colorado) 1 of 1
Country (United States) 1 of 1
Year (2018) 1 of 1
Size (of disclosed) 1 of 1
Mergr

Product

Company

Legal