M&A Deal Summary

HGI Energy Holdings and EXCO Acquire Conventional Oil & Natural Gas Assets - BG Group

On March 5, 2013, HGI Energy Holdings and EXCO acquired oil/gas exploration company Conventional Oil & Natural Gas Assets - BG Group from BG Group for 131M USD

Acquisition Highlights
  • This is HGI Energy Holdings’ 2nd and EXCO’s 4th transaction in the Oil/Gas Exploration sector.
  • This is HGI Energy Holdings’ and EXCO’s 3rd largest (disclosed) transaction.
  • This is HGI Energy Holdings’ 2nd and EXCO’s 4th transaction in the United States.

M&A Deal Summary
Date 2013-03-05
Target Conventional Oil & Natural Gas Assets - BG Group
Sector Oil/Gas Exploration
Buyer(s) HGI Energy Holdings
EXCO
Sellers(s) BG Group
Deal Type Divestiture
Deal Value 131M USD

Target

Conventional Oil & Natural Gas Assets - BG Group

United States
Conventional Oil & Natural Gas Assets are in the Danville, Waskom and Holly fields in East Texas and North Louisiana, including and above the Cotton Valley formation.

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Buyer(S) 2

Buyer

HGI Energy Holdings

United States
Category Company
Founded 2012
Sector Oil/Gas Exploration
DESCRIPTION

HGI Energy Holdings, LLC engages in the oil and natural gas acquisition, exploitation, development and production.

DEAL STATS #
Overall 2 of 2
Sector (Oil/Gas Exploration) 2 of 2
Type (Divestiture) 1 of 1
Country (United States) 2 of 2
Year (2013) 2 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-01 Compass Production Partners

Tulsa, Oklahoma, United States

Compass Production Partners is an operator of producing, low risk, mature, predictable conventional oil and gas properties in the Permian Basin of West Texas, East Texas and North Louisiana. Compass Production Partners was founded in 2012 and is based in Tulsa, Oklahoma.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-05 Compass Production Partners

Tulsa, Oklahoma, United States

Compass Production Partners is an operator of producing, low risk, mature, predictable conventional oil and gas properties in the Permian Basin of West Texas, East Texas and North Louisiana. Compass Production Partners was founded in 2012 and is based in Tulsa, Oklahoma.

Sell $145M
Buyer

EXCO

Dallas, Texas, United States

website

Category Company
Sector Oil/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 Resources based in Dallas, Texas.

DEAL STATS #
Overall 4 of 4
Sector (Oil/Gas Exploration) 4 of 4
Type (Divestiture) 3 of 3
Country (United States) 4 of 4
Year (2013) 2 of 2
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-01 Compass Production Partners

Tulsa, Oklahoma, United States

Compass Production Partners is an operator of producing, low risk, mature, predictable conventional oil and gas properties in the Permian Basin of West Texas, East Texas and North Louisiana. Compass Production Partners was founded in 2012 and is based in Tulsa, Oklahoma.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-05 Compass Production Partners

Tulsa, Oklahoma, United States

Compass Production Partners is an operator of producing, low risk, mature, predictable conventional oil and gas properties in the Permian Basin of West Texas, East Texas and North Louisiana. Compass Production Partners was founded in 2012 and is based in Tulsa, Oklahoma.

Sell $145M

Seller(S) 1

SELLER

BG Group

Reading, United Kingdom

website

Category Company
Founded 1997
Sector Oil/Gas Exploration
Employees5,422
Revenue 19.3B GBP (2014)
DESCRIPTION

BG Group plc is an oil and gas company.

DEAL STATS #
Overall 1 of 2
Sector (Oil/Gas Exploration) 1 of 1
Type (Divestiture) 1 of 2
Country (United States) 1 of 1
Year (2013) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS 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
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-14 Central Area Transmission System

United Kingdom

Central Area Transmission System (“CATS”), which comprises a gas pipeline, an offshore riser platform and an onshore processing facility. Central Area Transmission System is based in United Kingdom.

Sell -
Mergr

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