M&A Deal Summary |
|
|---|---|
| Date | 2022-06-29 |
| Target | Red Bluff Resources |
| Sector | Oil/Gas Exploration |
| Buyer(s) | Citizen Energy |
| Sellers(s) | Pine Brook Partners |
| Deal Type | Add-on Acquisition |
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Citizen Energy is an integrated oil and natural gas company engaged in the acquisition, development, production, exploration and sale of crude oil and natural gas properties located in Oklahoma, primarily targeting the Meramec and Woodford Shale formations. In addition to its upstream properties, Citizen operates ~213 miles of natural gas gathering pipelines, 225 MMcf/d of gas processing capacity, and ~103 miles of water gathering pipelines. Citizen Energy is based in Tulsa, Oklahoma.
| DEAL STATS | # |
|---|---|
| Overall | 2 of 2 |
| Sector (Oil/Gas Exploration) | 2 of 2 |
| Type (Add-on Acquisition) | 2 of 2 |
| State (Oklahoma) | 2 of 2 |
| Country (United States) | 2 of 2 |
| Year (2022) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-10-01 |
Roan Resources
Oklahoma City, Oklahoma, United States Roan Resources, Inc. is an independent oil and natural gas company focused on the development, exploration, and acquisition of unconventional oil and natural gas reserves in the Merge, SCOOP, and STACK. Roan Resources. Roan Resources was founded in 2018 and is based in Oklahoma City, Oklahoma. |
Buy | $1.0B |
| Category | Private Equity Firm |
|---|---|
| Founded | 2006 |
| PE ASSETS | 6.0B USD |
| Size | Mega |
| Type | Sector Focused |
Pine Brook Road Partners is a private equity group focused on growth capital investments in the energy and financial services sectors. Specific areas of interest within the energy sector include exploration, oilfield services, transportation/storage, power generation/distribution/transmission, and biofuel/renewable resources. Specific areas of interest within financial services include insurance, banks, asset management, specialty finance, and servicing/distribution/origination. Pine Brook generally acts as the lead/control investor in newly-formed or established businesses. The Firm has a special interest in 'underappreciated or overlooked' opportunities. Pine Brook Road Partners was formed in 2006 and is based in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 24 of 25 |
| Sector (Oil/Gas Exploration) | 9 of 9 |
| Type (Add-on Acquisition) | 11 of 11 |
| State (Oklahoma) | 1 of 1 |
| Country (United States) | 19 of 19 |
| Year (2022) | 3 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-05-31 |
Cahill Services
Houston, Texas, United States Cahill Services is a provider of specialty rental services to customers in the oil & gas, refining, industrial, petrochemicals, utilities and related industries where a high level of technical knowledge of the business and customer needs is required. Cahill Services is based in Houston, Texas. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-06-29 |
Fidelis Insurance
Pembroke, Bermuda Fidelis Insurance is a provider of insurance underwriting and reinsurance services. The Company underwrites specialty lines of insurance focused on energy, marine, property, aviation, and political risk out of Bermuda and London, with a balance between insurance and reinsurance. Fidelis Insurance was founded in 2014 and is based in Pembroke, Bermuda. |
Sell | - |
