M&A Deal Summary |
|
---|---|
Date | 2019-07-15 |
Target | Carrizo Oil & Gas |
Sector | Oil/Gas Exploration |
Buyer(s) | Callon Petroleum |
Deal Type | Add-on Acquisition |
Deal Value | 3.2B USD |
Advisor(s) | RBC Capital Markets Lazard Ltd. (Financial) Baker Botts (Legal) |
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Category | Company |
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Founded | 1950 |
Sector | Oil/Gas Exploration |
Revenue | 3.2B USD (2022) |
Callon Petroleum is an independent energy company focused on the acquisition, development, exploration, and operation of oil and gas properties in the Permian Basin in West Texas. Callon Petroleum was incorporated in 1950 and is based in Houston, Texas.
DEAL STATS | # |
---|---|
Overall | 2 of 3 |
Sector (Oil/Gas Exploration) | 2 of 3 |
Type (Add-on Acquisition) | 1 of 2 |
State (Texas) | 1 of 2 |
Country (United States) | 2 of 3 |
Year (2019) | 1 of 1 |
Size (of disclosed) | 1 of 2 |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2019-04-08 |
Callon Petroleum - Non-Core Assets
Natchez, Mississippi, United States Callon Petroleum Co. - Non-Core Assets comprises operating area in the southern Midland Basin which includes approximately 9,850 net Wolfcamp acres (66% working interest), over 80 currently producing horizontal wells that have been drilled since 2012 and 70 net, delineated locations that exceed internal threshold of an IRR of greater than 25% at strip pricing. Daily production from these assets averaged approximately 4,000 Boe/d (52% oil) in February 2019. Our capital plans for the year are unchanged as there was no planned activity in the Ranger area for 2019. |
Sell | $320M |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2023-05-03 |
Percussion Petroleum II
Houston, Texas, United States Percussion Petroleum II is an oil and gas company that focuses on acquisition and development opportunities in select onshore basins in North America. Percussion Petroleum II is based in Houston, Texas. |
Buy | $475M |