M&A Deal Summary |
|
|---|---|
| Date | 2019-06-10 |
| Target | Covey Park Energy |
| Sector | Oil/Gas Exploration |
| Buyer(s) | Comstock Resources |
| Sellers(s) | Denham Capital |
| Deal Type | Add-on Acquisition |
| Deal Value | 2.2B USD |
| Advisor(s) | BofA Securities Barclays Investment Bank Citigroup Investment Banking Goldman Sachs (Financial) Vinson & Elkins (Legal) |
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| Category | Company |
|---|---|
| Founded | 1919 |
| Sector | Oil/Gas Exploration |
| Employees | 244 |
| Revenue | 3.6B USD (2022) |
Comstock Resources is an independent energy company engaged in oil and gas acquisitions, exploration, and development primarily in Texas and Louisiana. Comstock Resources was founded in 1919 and is headquartered in Frisco, Texas.
| DEAL STATS | # |
|---|---|
| Overall | 4 of 4 |
| Sector (Oil/Gas Exploration) | 4 of 4 |
| Type (Add-on Acquisition) | 3 of 3 |
| State (Texas) | 3 of 3 |
| Country (United States) | 4 of 4 |
| Year (2019) | 1 of 1 |
| Size (of disclosed) | 1 of 4 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-03-14 |
Permian Basin assets - Comstock
Reeves and Gaines counties, Texas, United States Permian Basin assets - Comstock, is a 53,306 net acres located in Reeves and Gaines counties in West Texas. The Reeves County assets located in the Delaware Basin include 40,182 net acres and 74 producing (52 operated) primarily Wolfbone wells. The Gaines County assets located in the Midland Basin cover 13,124 net acres and are currently un-delineated. |
Sell | $811M |
| Category | Private Equity Firm |
|---|---|
| Founded | 2004 |
| PE ASSETS | 9.0B USD |
| Size | Mega |
| Type | Sector Focused |
Denham Capital Management is a specialist private investment firm focused on the energy and commodities sectors. Denham looks to invest in businesses and assets involving natural resources, metals and mining, power and utilities, and energy-related infrastructure and services. Denham will consider investments worldwide, with current projects in the US, Canada, South America, Europe, and Asia. Denham will also consider both development projects as well as mature, operating businesses. The Firm's target investment size is $50 to $200 million. Denham Capital Management was founded in 2004 and has offices in Boston, Houston, London, and Pert.
| DEAL STATS | # |
|---|---|
| Overall | 19 of 21 |
| Sector (Oil/Gas Exploration) | 8 of 8 |
| Type (Add-on Acquisition) | 10 of 11 |
| State (Texas) | 6 of 6 |
| Country (United States) | 12 of 12 |
| Year (2019) | 2 of 3 |
| Size (of disclosed) | 1 of 8 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-02-04 |
WhiteWater Midstream
Austin, Texas, United States WhiteWater Midstream is a midstream oil and gas company focused on building traditional gathering and processing infrastructure for upstream companies in areas lacking infrastructure. WhiteWater Midstream was founded in 2016 and is based in Austin, Texas. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-08-01 |
BTE Renewables
Fourways, South Africa BTE Renewables is a clean and renewable energy company develops, acquires, owns and operates waste to energy, renewable energy, and energy efficiency projects in the sub-utility range of approximately 5-100MW. These include Golden Valley, a 123MW wind project in the Eastern Cape; Excelsior, a 33MW wind project in the Western Cape; Aggeneys, a 46MW solar project in the Northern Cape; Konkoonsies II an 86MW solar project in the Northern Cape and a 4MW biogas facility. BTE Renewables was founded in 2003 and is based in Fourways, South Africa. |
Sell | - |
