M&A Deal Summary |
|
|---|---|
| Date | 2012-01-23 |
| Target | Cordillera Energy Partners III |
| Sector | Oil/Gas Exploration |
| Buyer(s) | APA |
| Sellers(s) | EnCap Investments |
| Deal Type | Add-on Acquisition |
| Deal Value | 2.9B USD |
| Advisor(s) | Jefferies J.P. Morgan Securities (Financial) Andrews Kurth Kenyon LLP Thompson & Knight LLP (Legal) |
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| Category | Company |
|---|---|
| Founded | 1954 |
| Sector | Oil/Gas Exploration |
| Employees | 2,271 |
| Revenue | 8.3B USD (2023) |
APA is an oil and gas exploration and production company with operations in the United States, Canada, Egypt, the United Kingdom and Australia. Apa was incorporated in 1954 and is headquartered in Houston, Texas.
| DEAL STATS | # |
|---|---|
| Overall | 6 of 6 |
| Sector (Oil/Gas Exploration) | 6 of 6 |
| Type (Add-on Acquisition) | 2 of 2 |
| State (Colorado) | 1 of 1 |
| Country (United States) | 6 of 6 |
| Year (2012) | 1 of 1 |
| Size (of disclosed) | 1 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2011-08-01 |
Phoenix Exploration
Houston, Texas, United States Phoenix Exploration Co. is an oil and gas E&P company focused on the shallow waters in the Gulf of Mexico and the onshore Gulf Coast, primarily in Louisiana. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-05-08 |
The Lucius oil field
United States Lucius will produce oil and gas through a truss spar floating production facility. The spar will be 605ft long and 110ft in diameter. It will be installed in 7,100ft of water. It will have a nameplate capacity of 80,000 barrels of oil a day (BOPD) and 450 million cubic feet of gas a day (mcf/d). The hull will weigh approximately 23,000t. The topsides will have an initial payload of 15,000t. |
Sell | $1.4B |
| Category | Growth Capital Firm |
|---|---|
| Founded | 1988 |
| PE ASSETS | 38.0B USD |
| Size | Mega |
| Type | Sector Focused |
EnCap Investments is a private equity firm focused on the US energy sector. EnCap specifically looks for upstream and midstream opportunities within the oil and gas industry. EnCap generally partners with seasoned management when pursuing investments. EnCap Investments has offices in Dallas and Houston.
| DEAL STATS | # |
|---|---|
| Overall | 30 of 51 |
| Sector (Oil/Gas Exploration) | 30 of 48 |
| Type (Add-on Acquisition) | 17 of 30 |
| State (Colorado) | 6 of 7 |
| Country (United States) | 30 of 50 |
| Year (2012) | 1 of 6 |
| Size (of disclosed) | 1 of 29 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2012-01-21 |
Montage Resources
Irving, Texas, United States Montage Resources Corp. is an exploration and production company with approximately 195,000 net effective core undeveloped acres currently focused on the Utica and Marcellus Shales of Southeast Ohio, West Virginia and North Central Pennsylvania. Montage Resources was founded in 2011 and is based in Irving, Texas. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2012-02-01 |
Battalion Oil
Houston, Texas, United States Battalion Oil is an oil and gas acquisition and development company that was formed to recapitalize and take control of a public company formerly known as RAM Energy Resources. Battalion Oil was founded in 2011 and is based in Houston, Texas. |
Buy | - |
