M&A Deal Summary

Chesapeake Energy Acquires Bronco Drilling

On April 15, 2011, Chesapeake Energy acquired energy services and equipment company Bronco Drilling for 315M USD

Acquisition Highlights
  • This is Chesapeake Energy’s 1st transaction in the Energy Services and Equipment sector.
  • This is Chesapeake Energy’s 7th largest (disclosed) transaction.
  • This is Chesapeake Energy’s 9th transaction in the United States.
  • This is Chesapeake Energy’s 1st transaction in Oklahoma.

M&A Deal Summary
Date 2011-04-15
Target Bronco Drilling
Sector Energy Services and Equipment
Buyer(s) Chesapeake Energy
Deal Type Add-on Acquisition
Deal Value 315M USD
Advisor(s) Johnson Rice & Co. (Financial)
Thompson & Knight LLP (Legal)

Target

Bronco Drilling

El Reno, Oklahoma, United States
Bronco Drilling Company, Inc,is a provider of contract land drilling to oil and natural gas exploration and production companies.

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Buyer(S) 1

Buyer

Chesapeake Energy

Oklahoma City, Oklahoma, United States
Category Company
Founded 1989
Sector Oil/Gas Exploration
Employees1,000
Revenue 7.8B USD (2023)
DESCRIPTION

Chesapeake Energy produces natural gas and is a major producer of oil and natural gas liquids in the U.S., with an industry-leading portfolio of high-quality unconventional assets in top onshore plays. Chesapeake Energy was incorporated in 1989 and is based in Oklahoma City.

DEAL STATS #
Overall 9 of 12
Sector (Energy Services and Equipment) 1 of 1
Type (Add-on Acquisition) 9 of 11
State (Oklahoma) 1 of 1
Country (United States) 9 of 12
Year (2011) 1 of 1
Size (of disclosed) 7 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-02-22 Fayetteville Shale assets - BHP Billiton

Oklahoma City, Oklahoma, United States

Chesapeake's Fayetteville shale assets include approximately 487,000 acres of leasehold and producing natural gas properties located in Arkansas, USA.

Sell $4.8B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-09-12 Delaware Basin Acreage

New Mexico, United States

Delaware Basin Acreage contains several oil and wet gas plays stacked together within several thousand feet of hydrocarbon-bearing rock.

Sell -
Mergr

Product

Company

Legal