M&A Deal Summary |
|
---|---|
Date | 2015-09-01 |
Target | W&T Offshore - Permian Basin Assets |
Sector | Oil/Gas Exploration |
Buyer(s) | Ajax Resources |
Sellers(s) | W&T Offshore |
Deal Type | Divestiture |
Deal Value | 376M USD |
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Category | Company |
---|---|
Founded | 2015 |
Sector | Oil/Gas Exploration |
Ajax Resources LLC is an exploration and production company focusing on oil and gas development in the Permian Basin. Company production and well site teams continuously analyze hazards associated with their work and build in appropriate safe design into their work sites.
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 (2015) | 1 of 1 |
Size (of disclosed) | 1 of 1 |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2018-08-09 |
Ajax Resources - Midland Basin Assets
Houston, Texas, United States Ajax Resources LLC - Midland Basin Assets includes 25,493 net leasehold acres and Current average net production of ~12,000 boe/d (88% oil), 367 net identified potential horizontal drilling locations with an average lateral length of over 9,500 feet and Meaningful saltwater disposal and fresh water access infrastructure. |
Sell | $900M |
Category | Company |
---|---|
Founded | 1983 |
Sector | Oil/Gas Exploration |
Employees | 395 |
Revenue | 533M USD (2023) |
W&T Offshore is an independent oil and natural gas acquisition, exploitation and exploration services. W&T Offshore was founded in 1983 and is based in Houston, 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 (2015) | 1 of 1 |
Size (of disclosed) | 1 of 1 |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2019-12-12 |
ConocoPhillips - Oil-Weighted Producing Property
United States ConocoPhillips' Oil-Weighted Producing Property provides upside from additional pay sands in existing well bores and potential opportunities for future drilling. |
Buy | $20M |