M&A Deal Summary

SandRidge Energy Acquires Pinon Gathering

On October 5, 2015, SandRidge Energy acquired oil/gas exploration company Pinon Gathering from EIG Global Energy Partners for 48M USD

Acquisition Highlights
  • This is SandRidge Energy’s 3rd transaction in the Oil/Gas Exploration sector.
  • This is SandRidge Energy’s 2nd largest (disclosed) transaction.
  • This is SandRidge Energy’s 3rd transaction in the United States.
  • This is SandRidge Energy’s 2nd transaction in Texas.

M&A Deal Summary
Date 2015-10-05
Target Pinon Gathering
Sector Oil/Gas Exploration
Buyer(s) SandRidge Energy
Sellers(s) EIG Global Energy Partners
Deal Type Add-on Acquisition
Deal Value 48M USD

Target

Pinon Gathering

Houston, Texas, United States
Pinon Gathering Co. LLC is an owns approximately 370 miles of gathering lines supporting the natural gas and CO2 production from the Company's Piñon field in West Texas.

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Buyer(S) 1

Buyer

SandRidge Energy

Oklahoma City, Oklahoma, United States

website

Category Company
Sector Oil/Gas Exploration
Employees114
Revenue 115M USD (2020)
DESCRIPTION

SandRidge Energy is an oil exploration and production company. SandRidge’s drilling activities are focused on its oil properties in the Mid-Continent and Permian Basin.

DEAL STATS #
Overall 3 of 4
Sector (Oil/Gas Exploration) 3 of 4
Type (Add-on Acquisition) 3 of 4
State (Texas) 2 of 2
Country (United States) 3 of 4
Year (2015) 1 of 2
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-02-03 Dynamic Offshore Resources

Houston, Texas, United States

Dynamic Offshore Resources LLC is a provider of oil and gas exploration services in US.

Buy $1.3B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-04 EE3

Boulder, Colorado, United States

EE3 LLC is an oil and gas exploration and production company.

Buy -

Seller(S) 1

SELLER

EIG Global Energy Partners

Investor Investor Investor Investor Investor

website

Category Asset Manager
Founded 1982
PE ASSETS 39.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

EIG Global Energy Partners specializes in private investments in energy and energy-related infrastructure around the world. Specific areas of interest include upstream oil and gas, midstream, power generation, renewables, and related infrastructure. EIG manages a variety of funds that provide hybrid debt and structured equity financing solutions to energy projects and companies. The Firm also offers credit/direct lending vehicles that target higher credit quality project finance instruments. EIG Global Energy Partners is headquartered in Washington DC.

DEAL STATS #
Overall 4 of 10
Sector (Oil/Gas Exploration) 2 of 6
Type (Add-on Acquisition) 2 of 5
State (Texas) 3 of 6
Country (United States) 3 of 8
Year (2015) 2 of 2
Size (of disclosed) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-13 Cheniere Energy

Houston, Texas, United States

Cheniere Energy is an energy company that primarily engages in the development, construction, ownership, and operation of onshore liquefied natural gas (LNG) receiving terminals and natural gas pipelines along the Gulf Coast of the United States. Cheniere Energy was founded in 1983 and is based in Houston, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-22 Rice Energy

Canonsburg, Pennsylvania, United States

Rice Energy, Inc. is a family-owned and operated independent oil and gas exploration and production company with operations in Pennsylvania’s Marcellus Shale. Rice is dedicated to being the most landowner-friendly, environmentally conscious and successful exploration company in the Marcellus Shale.

Buy -
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