M&A Deal Summary

EXCO Acquires Anadarko Vernon and Ansley Fields

On December 26, 2006, EXCO acquired oil/gas exploration company Anadarko Vernon and Ansley Fields from Anadarko Petroleum for 1.6B USD

Acquisition Highlights
  • This is EXCO’s 1st transaction in the Oil/Gas Exploration sector.
  • This is EXCO’s largest (disclosed) transaction.
  • This is EXCO’s 1st transaction in the United States.
  • This is EXCO’s 1st transaction in Louisiana.

M&A Deal Summary

Date 2006-12-26
Target Anadarko Vernon and Ansley Fields
Sector Oil/Gas Exploration
Buyer(s) EXCO
Sellers(s) Anadarko Petroleum
Deal Type Divestiture
Deal Value 1.6B USD

Target

Anadarko Vernon and Ansley Fields

Louisiana, United States
Anadarko Vernon and Ansley Fields were producing 192 million cubic feet equivalent per day (net) from approximately 350 wells within 66,000 net acres.

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Buyer(S) 1

Buyer

EXCO

Dallas, Texas, United States

website


Category Company
Founded 1955
SectorOil/Gas Exploration
Employees153
Revenue 394M USD (2018)
DESCRIPTION

EXCO is an oil and natural gas company engaged in the exploitation, exploration, acquisition, development and production of onshore U.S. oil and natural gas properties with a focus on shale resource plays. EXCO was founded in 1955 and is based in Dallas, Texas.


DEAL STATS #
Overall 1 of 4
Sector (Oil/Gas Exploration) 1 of 4
Type (Divestiture) 1 of 3
State (Louisiana) 1 of 2
Country (United States) 1 of 4
Year (2006) 1 of 1
Size (of disclosed) 1 of 3
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-05-19 Common Resources - Haynesville Assets

Haynesville, Louisiana, United States

Common Resources - Haynesville Assets is an oil and gas exploration and production company.

Buy $446M

Seller(S) 1

SELLER

Anadarko Petroleum

The Woodlands, Texas, United States

website


Category Company
Founded 1959
SectorOil/Gas Exploration
Employees5,800
Revenue 12.9B USD (2018)
DESCRIPTION
Anadarko Petroleum's corporate headquarters in The Woodlands, Texas.
Anadarko Petroleum's corporate headquarters in The Woodlands, Texas.

Anadarko Petroleum Corp. is an independent oil and natural gas exploration and production company. Anadarko Petroleum was formed in 1959 and is based in The Woodlands, Texas.


DEAL STATS #
Overall 1 of 10
Sector (Oil/Gas Exploration) 1 of 9
Type (Divestiture) 1 of 9
State (Louisiana) 1 of 1
Country (United States) 1 of 7
Year (2006) 1 of 1
Size (of disclosed) 3 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-08-23 Western Gas Resources

Denver, Colorado, United States

Western Gas Resources CBM properties within the Powder River Basin are estimated to hold about 9 trillion cubic feet (Tcf) of original gas in place and are directly adjacent to Anadarko's assets in this developing play. Western Gas Resources also has a 10 percent average working interest in its Pinedale/Jonah joint ventures, which encompass world-class fields totaling more than 40 Tcf of original estimated gas in place. Anadarko expects that combining its properties and skill sets with Western Gas' will accelerate the development of these natural gas resources and produce strong volume growth from these properties through the end of the decade, and possibly longer, with more than 12,000 identified drilling locations in inventory.

Buy $4.8B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-01-18 Anadarko 28 Permian Basin Oil Fields

United States

Anadarko 28 Permian Basin Oil Fields are anticipated to produce approximately 12,000 barrels of oil equivalent per day (net) from approximately 3,950 wells within 143,000 net acres.

Sell $1.0B