M&A Deal Summary

APA Acquires Mariner Energy

On November 10, 2010, APA acquired oil/gas exploration company Mariner Energy for 2.7B USD

Acquisition Highlights
  • This is APA’s 4th transaction in the Oil/Gas Exploration sector.
  • This is APA’s 3rd largest (disclosed) transaction.
  • This is APA’s 4th transaction in the United States.
  • This is APA’s 2nd transaction in Texas.

M&A Deal Summary
Date 2010-11-10
Target Mariner Energy
Sector Oil/Gas Exploration
Buyer(s) APA
Deal Type Merger
Deal Value 2.7B USD
Advisor(s) Credit Suisse Investment Banking (Financial)

Target

Mariner Energy

Houston, Texas, United States
Mariner Energy, Inc. is an independent oil and gas exploration and production company with principal operations in the Gulf of Mexico and west Texas.

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Buyer(S) 1

Buyer

APA

Houston, Texas, United States
Category Company
Founded 1954
Sector Oil/Gas Exploration
Employees2,271
Revenue 8.3B USD (2023)
DESCRIPTION
Entrance to Apache Corporation's headquarters in Houston, Texas.
Entrance to Apache Corporation's headquarters in Houston, Texas.

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 4 of 7
Sector (Oil/Gas Exploration) 4 of 7
Type (Merger) 1 of 1
State (Texas) 2 of 4
Country (United States) 4 of 7
Year (2010) 1 of 1
Size (of disclosed) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-11-30 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.

Buy -
FOLLOWING DEAL
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 -
Mergr

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