M&A Deal Summary

Carbon Energy Acquires West Virginia Natural Gas Assets

On October 7, 2016, Carbon Energy acquired energy services and equipment company West Virginia Natural Gas Assets for 9M USD

Acquisition Highlights
  • This is Carbon Energy’s 1st transaction in the Energy Services and Equipment sector.
  • This is Carbon Energy’s 2nd largest (disclosed) transaction.
  • This is Carbon Energy’s 1st transaction in the United States.
  • This is Carbon Energy’s 1st transaction in Virginia.

M&A Deal Summary
Date 2016-10-07
Target West Virginia Natural Gas Assets
Sector Energy Services and Equipment
Buyer(s) Carbon Energy
Deal Type Add-on Acquisition
Deal Value 9M USD

Target

West Virginia Natural Gas Assets

Virginia, United States
West Virginia Natural Gas Assets is comprised of approximately 2,300 natural gas wells which are currently producing approximately 9,300 net mcfe of gas per day (95% natural gas).

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Buyer(S) 1

Buyer

Carbon Energy

Denver, Colorado, United States
Category Company
Sector Oil/Gas Exploration
DESCRIPTION

Carbon Energy Corp. is an independent oil and gas exploration company which develops and operates oil and gas properties in the Appalachian and Illinois Basin regions of the United States.

DEAL STATS #
Overall 1 of 2
Sector (Energy Services and Equipment) 1 of 1
Type (Add-on Acquisition) 1 of 2
State (Virginia) 1 of 1
Country (United States) 1 of 2
Year (2016) 1 of 1
Size (of disclosed) 2 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-07 Carbon Appalachian

Denver, Colorado, United States

Carbon Appalachian Co. LLC is an oil and gas exploration compamy. Carbon Appalachian is based in Denver, Colorado.

Buy $58M
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