M&A Deal Summary

Exxon Acquires Ellora Energy

On October 29, 2010, Exxon acquired oil/gas exploration company Ellora Energy from Lubar for 695M USD

Acquisition Highlights
  • This is Exxon’s 3rd transaction in the Oil/Gas Exploration sector.
  • This is Exxon’s 6th largest (disclosed) transaction.
  • This is Exxon’s 4th transaction in the United States.
  • This is Exxon’s 1st transaction in Colorado.

M&A Deal Summary

Date 2010-10-29
Target Ellora Energy
Sector Oil/Gas Exploration
Buyer(s) Exxon
Sellers(s) Lubar
Deal Type Add-on Acquisition
Deal Value 695M USD

Target

Ellora Energy

Boulder, Colorado, United States
website
Ellora Energy is an independent oil and gas exploration and development company that owns properties in east Texas, western Louisiana and in the Hugoton field in southwest Kansas. The company operates 290 producing wells with over 293 billion cubic feet of proven reserves.

Search 171,517 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Exxon

Irving, Texas, United States

website


Category Company
Founded 1870
SectorOil/Gas Exploration
Employees63,000
Revenue 276.7B USD (2021)
DESCRIPTION
Entrance to Exxon Mobil's corporate campus in Irving, Texas.
Entrance to Exxon Mobil's corporate campus in Irving, Texas.

Exxon is a global oil and gas exploration company. Exxon Mobil'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 4 of 8
Sector (Oil/Gas Exploration) 3 of 7
Type (Add-on Acquisition) 2 of 4
State (Colorado) 1 of 1
Country (United States) 4 of 6
Year (2010) 1 of 1
Size (of disclosed) 6 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-12-14 XTO Energy

Forth Worth, Texas, United States

XTO Energy is a domestic oil and natural gas producer engaged in the acquisition, exploitation and development of quality, long-lived oil and natural gas properties in the United States. Its properties are concentrated in Texas, New Mexico, North Dakota, Pennsylvania, West Virginia, Arkansas, Oklahoma, Kansas, Wyoming, Colorado, Utah, Louisiana and Montana. XTO Energy was formed in 1986 and is headquartered in Fort Worth, Texas.

Buy $41.0B
FOLLOWING DEAL
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 -

Seller(S) 1

SELLER

Lubar

Milwaukee, Wisconsin, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1968
SizeMiddle-Market
Type Sector Agnostic
DESCRIPTION

Lubar & Co. is a private investment firm that seeks control or minority investments in Midwest US-based companies from the Great Lakes to Texas. The Firm looks for businesses with at least $15 million of revenue and valued between $15 and $100 million. Sectors of interest include niche manufacturing, business services, energy, architecture/engineering/construction, healthcare products and services, and asset management. Prospective transaction situations can include management buyouts, generational changes of ownership, recapitalizations, corporate divestitures, late-stage growth equity, and co-investments with other private equity firms. Lubar & Co. was formed in 1968 and is based in Milwaukee, Wisconsin.


DEAL STATS #
Overall 2 of 7
Sector (Oil/Gas Exploration) 1 of 1
Type (Add-on Acquisition) 2 of 5
State (Colorado) 1 of 1
Country (United States) 2 of 7
Year (2010) 1 of 1
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-04-23 Shared Imaging

Steamwood, Illinois, United States

Shared Imaging LLC is an independent provider of CT, MRI, and PET/CT systems to hospitals and healthcare providers. The company has over 200 diagnostic imaging systems in 42 states, including one of the most advanced MRI technology portfolios in the industry and is the largest independent provider of CT systems in the US. Shared Imaging was founded in 1987 and is based in Streamwood, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-02-11 Optique Capital Management

Milwaukee, Wisconsin, United States

Optique Capital Management, Inc. is an SEC registered investment advisor specializing in value-related products. Its current fund offerings include domestic large cap, international large cap, international ADR equity and global dividend value products.

Sell -