M&A Deal Summary

EnerVest Acquires SM Energy - Anadarko Basin Assets

On November 5, 2013, EnerVest acquired energy services and equipment company SM Energy - Anadarko Basin Assets from SM Energy for 343M USD

Acquisition Highlights
  • This is EnerVest’s 2nd transaction in the Energy Services and Equipment sector.
  • This is EnerVest’s 2nd largest (disclosed) transaction.
  • This is EnerVest’s 2nd transaction in the United States.
  • This is EnerVest’s 1st transaction in Colorado.

M&A Deal Summary
Date 2013-11-05
Target SM Energy - Anadarko Basin Assets
Sector Energy Services and Equipment
Buyer(s) EnerVest
Sellers(s) SM Energy
Deal Type Divestiture
Deal Value 343M USD
Advisor(s) Wells Fargo Securities (Financial)

Target

SM Energy - Anadarko Basin Assets

Denver, Colorado, United States
SM Energy - Anadarko Basin Assets include approximately 58,000 net mineral acres, includes Granite Wash.

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Buyer(S) 1

Buyer

EnerVest

Houston, Texas, United States

website

Category Company
Sector Oil/Gas Exploration
Employees1,200
DESCRIPTION

EnerVest, Ltd. is an oil and gas company involved in operates wells to produce oil and natural gas.

DEAL STATS #
Overall 2 of 2
Sector (Energy Services and Equipment) 2 of 2
Type (Divestiture) 2 of 2
State (Colorado) 1 of 1
Country (United States) 2 of 2
Year (2013) 2 of 2
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-05-21 Laredo Petroleum - Anadarko Basin Assets

Tulsa, Oklahoma, United States

Laredo Petroleum - Anadarko Basin Assets consists of approximately 104,000 net acres of leasehold and approximately 4.9 billion cubic feet of liquids-rich natural gas and approximately 49.6 thousand barrels of crude oil and condensate.

Buy $438M

Seller(S) 1

SELLER

SM Energy

Denver, Colorado, United States

website

Category Company
Founded 1908
Sector Oil/Gas Exploration
Employees503
Revenue 3.3B USD (2022)
DESCRIPTION

SM Energy is a provider of oil and gas exploration services across North America. SM Energy was founded in 1908 and is based in Denver, Colorado.

DEAL STATS #
Overall 1 of 3
Sector (Energy Services and Equipment) 1 of 2
Type (Divestiture) 1 of 3
State (Colorado) 1 of 2
Country (United States) 1 of 3
Year (2013) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-31 Baytex Energy - North Dakota Assets

North Dakota, United States

Baytex Energy - North Dakota Assets inlcudes 126 drilling spacing units.

Buy $331M
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