M&A Deal Summary |
|
|---|---|
| Date | 2020-10-19 |
| Target | Concho Resources |
| Sector | Oil/Gas Exploration |
| Buyer(s) | ConocoPhillips |
| Deal Type | Add-on Acquisition |
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| Category | Company |
|---|---|
| Founded | 1917 |
| Sector | Oil/Gas Exploration |
| Employees | 9,500 |
| Revenue | 56.1B USD (2023) |
ConocoPhillips is an integrated energy company with operations and activities across the world. The Company's key focus areas include operating producing assets, executing major developments and exploring for new resources in promising areas. ConocoPhillips' portfolio includes resource-rich North American shale and oil sands assets; lower-risk legacy assets in North America, Europe, Asia and Australia; several major international developments; and a growing inventory of global conventional and unconventional exploration prospects. ConocoPhillips was incorporated in 1917 and is based in Houston, Texas.
| DEAL STATS | # |
|---|---|
| Overall | 7 of 8 |
| Sector (Oil/Gas Exploration) | 4 of 5 |
| Type (Add-on Acquisition) | 4 of 5 |
| State (Texas) | 5 of 6 |
| Country (United States) | 6 of 7 |
| Year (2020) | 2 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-07-22 |
Kelt Exploration - Liquids-Rich Montney Acreage
Calgary, Alberta, Canada Kelt Exploration Ltd.'s Liquids-Rich Montney Acreage is is 140,000 net acres in the liquids-rich Inga-Fireweed asset Montney zone. |
Buy | $375M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-07-08 |
ConocoPhillips - Wind River Basin Assets
Houston, Texas, United States Wind River Basin Assets consists of PDP-heavy assets with a net production run rate of approximately 78 Mmcfe/d (100% gas), as of the effective date of the acquisition, and an expected 5% annual decline rate over the next 5 years. |
Sell | $67M |
