M&A Deal Summary |
|
|---|---|
| Date | 2013-08-01 |
| Target | Chesapeake Energy - Mississippi Lime Midstream Assets |
| Sector | Oil/Gas Exploration |
| Buyer(s) | SemGroup |
| Sellers(s) | Chesapeake Energy |
| Deal Type | Divestiture |
| Deal Value | 300M USD |
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| Category | Company |
|---|---|
| Founded | 2000 |
| Sector | Energy Services and Equipment |
| Employees | 880 |
| Revenue | 2.5B USD (2018) |
SemGroup Corp. moves energy across North America through a network of pipelines, processing plants, refinery-connected storage facilities and deep-water marine terminals with import and export capabilities. SemGroup serves as a versatile connection between upstream oil and gas producers and downstream refiners and end-users. Key areas of operation and growth include western Canada, the Mid-Continent and the Gulf Coast. SemGroup is committed to safe, environmentally sound operations. Headquartered in Tulsa, Okla., the company has additional offices in Calgary, Alberta; Denver, Colo.; and Houston, Texas. SemGroup uses its Investor Relations website and social media outlets as channels of distribution of material company information. SemGroup Corporation was founded in 2000 and is headquartered in Tulsa, Oklahoma.
| DEAL STATS | # |
|---|---|
| Overall | 2 of 5 |
| Sector (Oil/Gas Exploration) | 2 of 3 |
| Type (Divestiture) | 1 of 1 |
| State (Mississippi) | 1 of 1 |
| Country (United States) | 2 of 4 |
| Year (2013) | 1 of 1 |
| Size (of disclosed) | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2006-10-06 |
Sherman Gathering System
Dallas, Texas, United States Sherman Gathering System operates a natural gas processing plant in Sherman. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2015-02-09 |
SemGroup - Crude Oil Assets
Tulsa, Oklahoma, United States SemGroup Corp. - Crude Oil Assets includes the Wattenberg Oil Trunkline System and SemGroup's 50% interest in the Glass Mountain Pipeline. |
Sell | $325M |
| Category | Company |
|---|---|
| Founded | 1989 |
| Sector | Oil/Gas Exploration |
| Employees | 1,200 |
| Revenue | 11.4B USD (2022) |
Chesapeake Energy is a producer of natural gas and the 12th major producer of oil and natural gas liquids in the U.S., with an industry-leading portfolio of high-quality unconventional assets in top onshore plays. Chesapeake Energy was incorporated in 1989 and is based in Oklahoma City, Oklahoma.
| DEAL STATS | # |
|---|---|
| Overall | 5 of 9 |
| Sector (Oil/Gas Exploration) | 5 of 6 |
| Type (Divestiture) | 5 of 8 |
| State (Mississippi) | 1 of 1 |
| Country (United States) | 5 of 9 |
| Year (2013) | 2 of 2 |
| Size (of disclosed) | 3 of 5 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2013-05-03 |
Chesapeake Marcellus Acreage and Wells
Pennsylvania, United States Chesapeake Marcellus Acreage and Wells comprises roughly 99,000 net acres in southwestern Pennsylvania and 10 horizontal Marcellus wells. |
Sell | $113M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-03-19 |
Twin Eagle
Spring, Texas, United States Twin Eagle is in the oil and gas midstream business and engages in the logistics and wholesale marketing of crude, natural gas, power, and environmental products throughout North America. Twin Eagle was founded in 2010 and is based in Spring, Texas. |
Sell | - |
