M&A Deal Summary

Consol Energy Acquires Dominion Appalachian E&P Business

On March 15, 2010, Consol Energy acquired oil/gas exploration company Dominion Appalachian E&P Business from Dominion Energy for 3.5B USD

Acquisition Highlights
  • This is Consol Energy’s 2nd transaction in the Oil/Gas Exploration sector.
  • This is Consol Energy’s largest (disclosed) transaction.
  • This is Consol Energy’s 2nd transaction in the United States.

M&A Deal Summary
Date 2010-03-15
Target Dominion Appalachian E&P Business
Sector Oil/Gas Exploration
Buyer(s) Consol Energy
Sellers(s) Dominion Energy
Deal Type Divestiture
Deal Value 3.5B USD

Target

Dominion Appalachian E&P Business

United States
Dominion Appalachian E&P Business engages in exploration and production business.

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Buyer(S) 1

Buyer

Consol Energy

Canonsburg, Pennsylvania, United States

website

Category Company
Founded 1864
Sector Oil/Gas Exploration
Employees1,860
Revenue 2.3B USD (2022)
DESCRIPTION

Consol Energy is an integrated energy company. The Company operates through two divisions: oil and gas exploration and production (E&P), and coal mining. CONSOL Energy was incorporated in 1864 and is based in Canonsburg, Pennsylvania.

DEAL STATS #
Overall 2 of 3
Sector (Oil/Gas Exploration) 2 of 2
Type (Divestiture) 1 of 1
Country (United States) 2 of 3
Year (2010) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-08-01 AMVEST

Charlottesville, Virginia, United States

AMVEST West Virginia Coal and Vaughan Railroad Company.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-06-25 Epiphany Solar Water Systems

New Castle, Pennsylvania, United States

Epiphany Solar Water Systems, LLC, is a privately-held company that has invented the world's first concentrated solar powered water purification system.

Buy -

Seller(S) 1

SELLER

Dominion Energy

Richmond, Virginia, United States

website

Category Company
Founded 1983
Sector Utilities
Employees17,200
Revenue 17.2B USD (2022)
DESCRIPTION
Dominion's corporate headquarters in downtown Richmond, Virginia.
Dominion's corporate headquarters in downtown Richmond, Virginia.

Dominion Energy is a producer and transporter of energy, with a portfolio of approximately 25,700 megawatts of electric generation, 15,000 miles of natural gas transmission, gathering, storage, and distribution pipeline, and 6,600 miles of electric transmission and distribution lines. Dominion Energy was founded in 1983 and is based in Richmond, Virginia.

DEAL STATS #
Overall 3 of 11
Sector (Oil/Gas Exploration) 3 of 5
Type (Divestiture) 3 of 11
Country (United States) 3 of 11
Year (2010) 2 of 2
Size (of disclosed) 3 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-01-04 Dominion Gas

Pittsburgh, Pennsylvania, United States

Dominion (Peoples) Gas Corp. engages in the production of gas.

Sell $780M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-01-02 Blue Racer Midstream

Dallas, Texas, United States

Blue Racer Midstream own, operate, develop and acquire midstream assets in the Utica Shale and certain adjacent areas in the Marcellus Shale. Blue Racer provides natural gas gathering, compression, dehydrating, treating, processing, fractionation, and transportation services, forming an interconnected midstream business. Blue Racer Midstream was founded in 1975 and is based in Dallas, Texas.

Buy -
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