M&A Deal Summary

Citadel Acquires WPX Energy - Natural Gas Transportation Capacity

On May 25, 2016, Citadel acquired energy services and equipment company WPX Energy - Natural Gas Transportation Capacity from WPX Energy

Acquisition Highlights
  • This is Citadel’s 1st transaction in the Energy Services and Equipment sector.
  • This is Citadel’s 1st transaction in the United States.

M&A Deal Summary

Date 2016-05-25
Target WPX Energy - Natural Gas Transportation Capacity
Sector Energy Services and Equipment
Buyer(s) Citadel
Sellers(s) WPX Energy
Deal Type Divestiture

Target

WPX Energy - Natural Gas Transportation Capacity

United States
WPX Energy, Inc. - Natural Gas Transportation Capacity offers portfolio of natural gas pipeline transportation capacity through 2032 in the Western U.S.

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Buyer(S) 1

Buyer

Citadel

Chicago, Illinois, United States

Category Company
Founded 1990
Sector Financial Services
DESCRIPTION

Citadel is a leading investor in the world’s major financial markets. In markets around the world, It work relentlessly to uncover and capture new opportunities. Across a diverse range of investment strategies, we deploy our capital with the goal of generating consistently high risk-adjusted investment results for our investors and capital partners.


DEAL STATS #
Overall 1 of 1
Sector (Energy Services and Equipment) 1 of 1
Type (Divestiture) 1 of 1
Country (United States) 1 of 1
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-07-29 Omnium

Chicago, Illinois, United States

Omnium provides world-class, technology-driven fund administration and reporting services to hedge funds and financial institutions that operate across a broad spectrum of investment strategies.With more than $25 billion in assets under administration,

Sell -

Seller(S) 1

SELLER

WPX Energy

Tulsa, Oklahoma, United States

Category Company
Founded 1983
Sector Oil/Gas Exploration
Employees590
Revenue 2.4B USD (2019)
DESCRIPTION

WPX Energy is an exploration and production company focused on developing its significant natural gas, natural gas liquids, and oil reserves, particularly in the Piceance Basin, Bakken Shale, and Marcellus Shale. WPX Energy was founded in 1983 and is based in Tulsa, Oklahoma.


DEAL STATS #
Overall 3 of 3
Sector (Energy Services and Equipment) 2 of 2
Type (Divestiture) 2 of 2
Country (United States) 3 of 3
Year (2016) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-09 WPX Energy Rocky Mountain

Denver, Colorado, United States

WPX Energy Rocky Mountain LLC is a operator of federal, state, and private oil and gas leases, wells, and associated facilities.

Sell -