M&A Deal Summary |
|
|---|---|
| Date | 2001-01-29 |
| Target | Gibbs Oil Company 53 Retail Outlets |
| Sector | Retail |
| Buyer(s) | Hess |
| Sellers(s) | Gibbs Oil Company Limited Partnership |
| Deal Type | Divestiture |
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| Category | Company |
|---|---|
| Founded | 1920 |
| Sector | Oil/Gas Exploration |
| Employees | 1,545 |
| Revenue | 11.3B USD (2022) |
Hess is a global integrated energy company engaged in the exploration, production, purchase, transportation and sale of crude oil and natural gas, as well as the production and sale of refined petroleum products. Hess was founded in 1920 and is based in New York, New York.
| DEAL STATS | # |
|---|---|
| Overall | 5 of 11 |
| Sector (Retail) | 1 of 1 |
| Type (Divestiture) | 1 of 2 |
| Country (United States) | 3 of 8 |
| Year (2001) | 1 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2000-07-17 |
Azeri-Chirag-Gunashli Oil Field Development Project
Azerbaijan Azeri-Chirag-Gunashli Oil Field Development Project comprises oil and gas reserves and contains 5.4 billion barrels of recoverable oil with total output of million barrels a day. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2001-02-20 |
LLOG Exploration & Production Assets
United States LLOG Exploration & Production Assets properties are located on the Gulf of Mexico shelf and onshore South Louisiana. Production currently is averaging approximately 200,000 Mcf of natural gas equivalent per day and is expected to rise to 250,000 Mcf of natural gas equivalent per day. |
Buy | $750M |
| Category | Company |
|---|---|
| Founded | 1991 |
| Sector | Oil/Gas Exploration |
Gibbs Oil Company Limited Partnership, operates convenience stores and gas stations.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 1 |
| Sector (Retail) | 1 of 1 |
| Type (Divestiture) | 1 of 1 |
| Country (United States) | 1 of 1 |
| Year (2001) | 1 of 1 |
