M&A Deal Summary |
|
|---|---|
| Date | 2012-09-20 |
| Target | Debury Resources - Bakken Assets |
| Sector | Oil/Gas Exploration |
| Buyer(s) | ExxonMobil |
| Sellers(s) | Denbury |
| Deal Type | Divestiture |
| Deal Value | 1.6B USD |
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| Category | Company |
|---|---|
| Founded | 1870 |
| Sector | Oil/Gas Exploration |
| Employees | 62,000 |
| Revenue | 398.7B USD (2022) |
ExxonMobil is a global oil and gas exploration company. ExxonMobil's principal business is energy, involving exploration for, and production of, crude oil and natural gas, manufacture of petroleum products and transportation and sale of crude oil, natural gas and petroleum products. ExxonMobil is a major manufacturer and marketer of commodity petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics and a wide variety of specialty products. Exxon was incorporated in 1870 and is based in Irving, Texas.
| DEAL STATS | # |
|---|---|
| Overall | 6 of 10 |
| Sector (Oil/Gas Exploration) | 5 of 9 |
| Type (Divestiture) | 1 of 1 |
| State (North Dakota) | 1 of 1 |
| Country (United States) | 6 of 8 |
| Year (2012) | 1 of 2 |
| Size (of disclosed) | 7 of 8 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2011-09-13 |
The Lucius oil field
United States Lucius will produce oil and gas through a truss spar floating production facility. The spar will be 605ft long and 110ft in diameter. It will be installed in 7,100ft of water. It will have a nameplate capacity of 80,000 barrels of oil a day (BOPD) and 450 million cubic feet of gas a day (mcf/d). The hull will weigh approximately 23,000t. The topsides will have an initial payload of 15,000t. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2012-10-17 |
Celtic Exploration
Calgary, Alberta, Canada Celtic Exploration is an oil and gas production company that in Canada’s Montney and Duvernay shale. |
Buy | CA$2.9B |
| 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 | 2 of 2 |
| Sector (Oil/Gas Exploration) | 2 of 2 |
| Type (Divestiture) | 2 of 2 |
| State (North Dakota) | 1 of 1 |
| Country (United States) | 2 of 2 |
| Year (2012) | 2 of 2 |
| Size (of disclosed) | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2012-05-01 |
Thompson Field
Texas, United States The Thompson oil field is located 2 miles south of Thompson, Fort Bend County, Texas. Thompson Field comprises oil production field that produces. |
Buy | $360M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2013-01-15 |
ConocoPhillips - Cedar Creek Anticline Oil & Gas Properties
United States ConocoPhillips - Cedar Creek Anticline Oil & Gas Properties is a major geological feature in eastern Montana and western North Dakota that extends for approximately 126 miles in a northwest-southeast direction and ranges from two to six miles in width. CCA is a series of producing oil units, each of which could be considered a field by itself. Commercial quantities of oil were first discovered in the South Pine Unit of CCA in the early 1950s. The original oil in place at all CCA fields, including those not owned by Denbury, is estimated at over three billion barrels of oil. |
Buy | $1.1B |
