M&A Deal Summary |
|
|---|---|
| Date | 2009-11-01 |
| Target | Encore Acquisition |
| Sector | Oil/Gas Exploration |
| Buyer(s) | Denbury |
| Deal Type | Add-on Acquisition |
| Deal Value | 4.5B USD |
| Advisor(s) | Barclays Investment Bank (Financial) BakerHostetler (Legal) |
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| Category | Company |
|---|---|
| Founded | 1951 |
| Sector | Oil/Gas Exploration |
| Revenue | 1.7B USD (2022) |
Denbury is an independent energy company with operations and assets focused on Carbon Capture, Utilization, and Storage (“CCS”) and Enhanced Oil Recovery (“EOR”) in the Gulf Coast and Rocky Mountain regions. For over two decades, the Company has maintained a unique strategic focus on utilizing CO2 in its EOR operations and since 2012 has also been active in CCS through the injection of captured industrial-sourced CO2. It currently injects over four million tons of captured industrial-sourced CO2 annually, with an objective to fully offset its Scope 1, 2, and 3 CO2 emissions by 2030, primarily through increasing the amount of captured industrial-sourced CO2 used in its operations. Danbury was incorporated in 2003 and is based in Plano, Texas.
| DEAL STATS | # |
|---|---|
| Overall | 5 of 8 |
| Sector (Oil/Gas Exploration) | 5 of 8 |
| Type (Add-on Acquisition) | 3 of 5 |
| State (Texas) | 2 of 3 |
| Country (United States) | 5 of 8 |
| Year (2009) | 3 of 3 |
| Size (of disclosed) | 1 of 8 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2009-03-12 |
Conroe Field
Houston, Texas, United States Conroe is the single largest potential tertiary flood on Denbury’s list of desired Gulf Coast properties. |
Buy | $271M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2012-04-11 |
Denbury - Aneth Field
United States Denbury - Aneth Field comprises of around 146 oil and gas producing wells and 120 injection wells. |
Sell | $75M |
