Ajax Resources - M&A Summary, Ownership, and Business Overview

Oil/gas ExplorationCompany

Ajax Resources M&A Summary

Ajax Resources has acquired 1 company of its own. It has also divested 1 asset.

Ajax Resources’ largest acquisition to date was in 2015, when it acquired W&T Offshore - Permian Basin Assets for $376M. It’s largest disclosed sale occurred in 2018, when it sold Ajax Resources - Midland Basin Assets to Diamondback Energy for $900M. Ajax Resources has acquired in 1 US state. The Company’s most targeted sectors include oil/gas exploration (100%).

Ajax Resources Ownership

Who owns Ajax Resources?

Ajax Resources is owned by Diamondback Energy. It was acquired on October 31, 2018.

Was Ajax Resources formerly PE-backed?

Yes. Ajax Resources was formerly owned by 1 private investor.

Ajax Resources Business Overview

Where is Ajax Resources headquartered?

Ajax Resources is headquartered in Houston, Texas.

What sector is Ajax Resources in?

Ajax Resources is an oil/gas exploration company.

When was Ajax Resources founded?

Ajax Resources was founded in 2015.

M&A Summary

  • M&A Total Activity2
    • M&A Buy Activity1
    • M&A Sell Activity1
  • Total Sectors Invested 1
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 2
  • M&A Advisors 5

Ajax Resources LLC

24 Greenway Plaza, Ste. 650,
Houston, Texas 77046
United States,
(713) 400-3939
www.ajaxres.com

Ajax Resources LLC is an exploration and production company focusing on oil and gas development in the Permian Basin. Company production and well site teams continuously analyze hazards associated with their work and build in appropriate safe design into their work sites.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # 1 - - - - - 1
vol $376M $376M
Sell (0.0/yr) # 1 - - - - - 1
vol $900M $900M
  2

Most Recent M&A

Company Date Value Type
Ajax Resources LLC - Midland Basin Assets 2018-08-09 900M USD Divestiture
Houston, Texas
W&T Offshore - Permian Basin Assets 2015-09-01 376M USD Divestiture
, Texas
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Oil/Gas Exploration 1 (100%) 376M (100%) 1 (100%) 900M (100%)
Total 1 $376M 1 $900M

By Geo

State/Country Buy Value Sell Value
United States 1 376M 1 900M
  Texas 1 376M 1 900M
Total 1 $376M 1 $900M

Top M&A Advisors

Financial Deals
Jefferies
2
Tudor, Pickering, Holt & Co., LLC
1
Legal Deals
Thompson & Knight LLP
2
Debevoise & Plimpton
1
Kirkland & Ellis
1

Deal Values

buy # Total
$100M to $1B 1 $376M
TOTAL $376M
Largest W&T Offshore - Permian Basin Assets
$376M (2015-09-01)
sell # Total
$100M to $1B 1 $900M
TOTAL $900M
Largest Ajax Resources LLC - Midland Basin Assets
$900M (2018-08-09)

M&A Connections

Deals
Acquired from
Strategic(s)
100%
1 (100%)
Divested to
Strategic(s)
100%
1 (100%)

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