M&A Deal Summary

Rosetta Resources Acquires Permian Basin assets - Comstock

On March 14, 2014, Rosetta Resources acquired oil/gas exploration company Permian Basin assets - Comstock from Comstock Resources for 811M USD

Acquisition Highlights
  • This is Rosetta Resources’ 2nd transaction in the Oil/Gas Exploration sector.
  • This is Rosetta Resources’ largest (disclosed) transaction.
  • This is Rosetta Resources’ 2nd transaction in the United States.
  • This is Rosetta Resources’ 1st transaction in Texas.

M&A Deal Summary
Date 2014-03-14
Target Permian Basin assets - Comstock
Sector Oil/Gas Exploration
Buyer(s) Rosetta Resources
Sellers(s) Comstock Resources
Deal Type Divestiture
Deal Value 811M USD

Target

Permian Basin assets - Comstock

Reeves and Gaines counties, Texas, United States
Permian Basin assets - Comstock, is a 53,306 net acres located in Reeves and Gaines counties in West Texas. The Reeves County assets located in the Delaware Basin include 40,182 net acres and 74 producing (52 operated) primarily Wolfbone wells. The Gaines County assets located in the Midland Basin cover 13,124 net acres and are currently un-delineated.

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Buyer(S) 1

Buyer

Rosetta Resources

Houston, Texas, United States

website

Category Company
Founded 2005
Sector Oil/Gas Exploration
Employees252
Revenue 814M USD (2013)
DESCRIPTION

Rosetta Resources Inc. is an independent exploration and production company engaged in the acquisition and development of onshore unconventional resource plays in the United States of America. The Company owns well delineated positions in the Eagle Ford area in South Texas and in the Permian Basin. Rosetta is based in Houston, Texas.

DEAL STATS #
Overall 2 of 2
Sector (Oil/Gas Exploration) 2 of 2
Type (Divestiture) 2 of 2
State (Texas) 1 of 1
Country (United States) 2 of 2
Year (2014) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-10-22 Calpine - Oil & Gas Properties

United States

Calpine - Oil & Gas Properties operates low-carbon, natural gas-fueled, and renewable geothermal power plants.

Buy $97M

Seller(S) 1

SELLER

Comstock Resources

Frisco, Texas, United States

website

Category Company
Founded 1919
Sector Oil/Gas Exploration
Employees244
Revenue 3.6B USD (2022)
DESCRIPTION

Comstock Resources is an independent energy company engaged in oil and gas acquisitions, exploration, and development primarily in Texas and Louisiana. Comstock Resources was founded in 1919 and is headquartered in Frisco, Texas.

DEAL STATS #
Overall 1 of 1
Sector (Oil/Gas Exploration) 1 of 1
Type (Divestiture) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2014) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-23 East Texas - Oil and Gas Properties

Texas, United States

The East Texas acquisition includes one producing well and approximately 21,000 net acres which are prospective for oil in the Eagle Ford Shale formation.

Buy $67M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-10 Covey Park Energy

Dallas, Texas, United States

Covey Park Energy (CPE) is a private oil and gas exploration and production company headquartered in Dallas, Texas. CPE is primarily focused on the acquisition and exploitation of long-life reserves in the Ark-La-Tex, Permian and Mid-Continent regions.

Buy $2.2B
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