M&A Deal Summary

Aethon Energy Acquires QEP Resources - Northwest Louisiana Natural Gas Assets

On November 19, 2018, private equity firm Aethon Energy acquired oil/gas exploration company QEP Resources - Northwest Louisiana Natural Gas Assets from QEP Resources for 735M USD

Acquisition Highlights
  • This is Aethon Energy’s 2nd transaction in the Oil/Gas Exploration sector.
  • This is Aethon Energy’s largest (disclosed) transaction.
  • This is Aethon Energy’s 3rd transaction in the United States.
  • This is Aethon Energy’s 1st transaction in Colorado.

M&A Deal Summary
Date 2018-11-19
Target QEP Resources - Northwest Louisiana Natural Gas Assets
Sector Oil/Gas Exploration
Buyer(s) Aethon Energy
Sellers(s) QEP Resources
Deal Type Divestiture
Deal Value 735M USD

Target

QEP Resources - Northwest Louisiana Natural Gas Assets

Denver, Colorado, United States
QEP Resources, Inc.'s Northwest Louisiana Natural Gas Assets comprises natural gas and oil-producing properties, undeveloped acreage and associated gas gathering and treating systems in the Haynesville/Cotton Valley. QEP Resources, Inc.'s Northwest Louisiana Natural Gas Assets is based in Denver, Colorado.

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Buyer(S) 1

Buyer

Aethon Energy

Category Private Equity Firm
Founded 1990
Size Small
Type Sector Focused
DESCRIPTION

Aethon Energy is a direct investor in North American onshore oil and gas assets. Aethon focuses on acquiring under appreciated assets, where opportunities exists to add value through lower risk development, operational enhancements and Aethon's technical knowledge. Aethon Energy was established in 1990 and is based in Dallas, Texas.

DEAL STATS #
Overall 3 of 3
Sector (Oil/Gas Exploration) 2 of 2
Type (Divestiture) 3 of 3
State (Colorado) 1 of 1
Country (United States) 3 of 3
Year (2018) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-01 SM Energy - Ark-LA-Tex assets

United States

Ark-LA-Tex's is a producer of Current its assets comprise of approximately 76,300 net acres with current net production of 29 MMcfe/d, 98 percent of which is gas. Ark-LA-Tex is based in the United States.

Buy -

Seller(S) 1

SELLER

QEP Resources

Denver, Colorado, United States
Category Company
Founded 2010
Sector Oil/Gas Exploration
Employees248
Revenue 1.2B USD (2019)
DESCRIPTION

QEP Resources, Inc. is an independent crude oil and natural gas exploration and production company focused in two regions of the United States: the Southern Region (primarily in Texas) and the Northern Region (primarily in North Dakota). QEP Resources was founded in 2010 and is based in Denver, Colorado.

DEAL STATS #
Overall 3 of 3
Sector (Oil/Gas Exploration) 3 of 3
Type (Divestiture) 3 of 3
State (Colorado) 2 of 2
Country (United States) 3 of 3
Year (2018) 1 of 1
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-24 QEP Resources - Pinedale Assets

Denver, Colorado, United States

QEP Resources, Inc. - Pinedale Assets generates 234 MMcfed of net production from over 1,100 producing wells during the first quarter of 2017 and include an extensive inventory of low-risk vertical drilling locations. The assets also include significant acreage prospective in the emerging horizontal Lance and deep Hilliard plays.

Sell $740M
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