M&A Deal Summary

Cantium Acquires Chevron - Bay Marchand and Main Pass Gulf of Mexico

On July 1, 2017, Cantium acquired oil/gas exploration company Chevron - Bay Marchand and Main Pass Gulf of Mexico from Chevron

Acquisition Highlights
  • This is Cantium’s 1st transaction in the Oil/Gas Exploration sector.
  • This is Cantium’s 1st transaction in the United States.
  • This is Cantium’s 1st transaction in Louisiana.

M&A Deal Summary
Date 2017-07-01
Target Chevron - Bay Marchand and Main Pass Gulf of Mexico
Sector Oil/Gas Exploration
Buyer(s) Cantium
Sellers(s) Chevron
Deal Type Divestiture

Target

Chevron - Bay Marchand and Main Pass Gulf of Mexico

Louisiana, United States
Chevron Corp.'s Bay Marchand and Main Pass Gulf of Mexico assets produce oil and gas from 58 structures with approximately 160 active wells. Chevron Corp.'s Bay Marchand and Main Pass Gulf of Mexico is based in Louisiana.

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Buyer(S) 1

Buyer

Cantium

Covington, Louisiana, United States
Category Company
Founded 2016
Sector Oil/Gas Exploration
DESCRIPTION

Cantium is an oil and gas company that plans to focus on the acquisition and optimization of high-quality, established fields within the United States. Cantium produces oil and gas from 58 structures with approximately 160 active wells. Cantium was founded in 2016 and is based in Covington, Louisiana.

DEAL STATS #
Overall 1 of 1
Sector (Oil/Gas Exploration) 1 of 1
Type (Divestiture) 1 of 1
State (Louisiana) 1 of 1
Country (United States) 1 of 1
Year (2017) 1 of 1

Seller(S) 1

SELLER

Chevron

San Ramon, California, United States
Category Company
Founded 1879
Sector Oil/Gas Exploration
Employees45,600
Revenue 196.9B USD (2023)
DESCRIPTION
Chevron office in downtown Houston, Texas.
Chevron office in downtown Houston, Texas.

Chevron is a fully integrated energy company. Its business includes petroleum operations, chemicals, mining operations, power generation and energy services. Chevron's exploration and production operations consists of exploration, development and production of crude oil and natural gas. Chevron was incorporated in 1879 and is based in San Ramon, California.

DEAL STATS #
Overall 12 of 14
Sector (Oil/Gas Exploration) 8 of 10
Type (Divestiture) 11 of 13
State (Louisiana) 2 of 2
Country (United States) 10 of 12
Year (2017) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-25 Chevron - NGL Logistics Assets

San Ramon, California, United States

Chevron Corp. - NGL Logistics Assets includes approximately 500 miles of pipelines and a storage cavern connecting multiple fractionation facilities, refineries and a petrochemical facility.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-12 Chevron - Central Basin Platform

San Ramon, California, United States

Chevron Corp. - Central Basin Platform and Northern Shelf of West Texas. The acquired assets produce approximately 7,500 barrels of oil equivalent per day across a roughly 66,500 net acre position in Hockley, Terry and Gaines Counties.

Sell -
Mergr

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