M&A Deal Summary

Covey Park Energy Acquires EP Energy - Haynesville and Bossier Shales Assets

On March 23, 2016, Covey Park Energy acquired oil/gas exploration company EP Energy - Haynesville and Bossier Shales Assets from EP Energy for 420M USD

Acquisition Highlights
  • This is Covey Park Energy’s 1st transaction in the Oil/Gas Exploration sector.
  • This is Covey Park Energy’s largest (disclosed) transaction.
  • This is Covey Park Energy’s 1st transaction in the United States.

M&A Deal Summary
Date 2016-03-23
Target EP Energy - Haynesville and Bossier Shales Assets
Sector Oil/Gas Exploration
Buyer(s) Covey Park Energy
Sellers(s) EP Energy
Deal Type Divestiture
Deal Value 420M USD

Target

EP Energy - Haynesville and Bossier Shales Assets

United States
EP Energy - Haynesville and Bossier Shales Assets primarily located in Louisiana’s DeSoto and Bossier Parishes, consist of approximately 52,933 gross 34,167 net acres with Q4 2015 average production of 113 mmcf/d.

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Buyer(S) 1

Buyer

Covey Park Energy

Dallas, Texas, United States
Category Company
Founded 2013
Sector Oil/Gas Exploration
DESCRIPTION

Covey Park Energy (CPE) is a private oil and gas exploration and production company headquartered in Dallas, Texas. CPE is primarily focused on the acquisition and exploitation of long-life reserves in the Ark-La-Tex, Permian and Mid-Continent regions.

DEAL STATS #
Overall 1 of 1
Sector (Oil/Gas Exploration) 1 of 1
Type (Divestiture) 1 of 1
Country (United States) 1 of 1
Year (2016) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

EP Energy

Houston, Texas, United States
Category Company
Sector Oil/Gas Exploration
DESCRIPTION

EP Energy team is a North American oil and natural gas producer, EP Energy has a proven strategy, a significant reserve base, multi-year drilling opportunities, and a strategic presence in a number of the country's leading unconventional resource areas. EP Energy is active in all phases of the E&P value chain—exploring for, acquiring, developing and producing oil and natural gas.

DEAL STATS #
Overall 1 of 1
Sector (Oil/Gas Exploration) 1 of 1
Type (Divestiture) 1 of 1
Country (United States) 1 of 1
Year (2016) 1 of 1
Size (of disclosed) 1 of 1
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