M&A Deal Summary

Chevron Acquires Atlas Energy

On November 9, 2010, Chevron acquired oil/gas exploration company Atlas Energy for 4.3B USD

Acquisition Highlights
  • This is Chevron’s 4th transaction in the Oil/Gas Exploration sector.
  • This is Chevron’s 6th largest (disclosed) transaction.
  • This is Chevron’s 6th transaction in the United States.
  • This is Chevron’s 1st transaction in Pennsylvania.

M&A Deal Summary
Date 2010-11-09
Target Atlas Energy
Sector Oil/Gas Exploration
Buyer(s) Chevron
Deal Type Add-on Acquisition
Deal Value 4.3B USD
Advisor(s) Deutsche Bank Corporate & Investment Banking
Jefferies (Financial)
Wachtell, Lipton, Rosen & Katz (Legal)

Target

Atlas Energy

Pennsylvania, United States
Atlas Energy, Inc. is an independent natural gas producers in the Appalachia and Michigan Basins and a developer in the Marcellus Shale in Pennsylvania.

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Buyer(S) 1

Buyer

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 7 of 19
Sector (Oil/Gas Exploration) 4 of 13
Type (Add-on Acquisition) 2 of 9
State (Pennsylvania) 1 of 1
Country (United States) 6 of 16
Year (2010) 2 of 2
Size (of disclosed) 6 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-10-11 Colonial Pipeline

Atlanta, Georgia, United States

Colonial Pipeline is a refined products pipeline in North America, running from supply centers in the Gulf Coast to customers located along the Eastern seaboard of the United States. Colonial Pipeline was founded in 1962 and is based in Atlanta, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-11-18 Chevron - Caribbean and Central America Marketing and Aviation Businesses

United States

Chevron Caribbean and Central America Marketing and Aviation Businesses, include 174 service stations operating under the Texaco brand, an equity interest in an associated refinery operation, proprietary and joint-venture terminals and aviation facilities, and commercial and industrial fuels business.

Sell -
Mergr

Product

Company

Legal