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M&A Deal Summary

Crescent Point Energy Acquires Royal Dutch Shell - Kaybob Duvernay Assets

On February 17, 2021, Crescent Point Energy acquired oil/gas exploration company Royal Dutch Shell - Kaybob Duvernay Assets from Shell for 900M CAD

Acquisition Highlights
  • This is Crescent Point Energy’s 15th transaction in the Oil/Gas Exploration sector.
  • This is Crescent Point Energy’s 5th largest (disclosed) transaction.
  • This is Crescent Point Energy’s 1st transaction in the Netherlands.

M&A Deal Summary
Date 2021-02-17
Target Royal Dutch Shell - Kaybob Duvernay Assets
Sector Oil/Gas Exploration
Buyer(s) Crescent Point Energy
Sellers(s) Shell
Deal Type Divestiture
Deal Value 900M CAD

Target

Royal Dutch Shell - Kaybob Duvernay Assets

The Hague, Netherlands
Kaybob Duvernay Assets includes 450,000 net acres in the Fox Creek (Kaybob) and Rocky Mountain House (Willesden Green) areas, along with related infrastructure, currently producing around 30,000 barrels of oil equivalent per day (boe/d) from more than 270 wells.

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Buyer(S) 1

Buyer

Crescent Point Energy

Calgary, Alberta, Canada
Category Company
Sector Oil/Gas Exploration
Employees781
DESCRIPTION

Crescent Point Energy Corp. is a oil and gas producer with assets strategically focused in properties comprised of high-quality, long-life, operated light and medium crude oil and natural gas reserves in western Canada.

DEAL STATS #
Overall 16 of 16
Sector: Oil/Gas Exploration M&A 15 of 15
Type: Divestiture M&A Deals 2 of 2
Country: Netherlands M&A 1 of 1
Year: 2021 M&A 1 of 1
Size (of disclosed) 5 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-20 Crescent Point Energy - Natural Gas Infrastructure Assets

Saskatchewan, Canada

Crescent Point Energy Corp. - Natural Gas Infrastructure Assets comprises certain associated natural gas gathering, processing, and sales infrastructure assets in Saskatchewan.

Sell $500M

Seller(S) 1

SELLER

Shell

London, United Kingdom
Category Company
Founded 1907
Sector Oil/Gas Exploration
Employees96,000
Revenue 284.3B USD (2024)
DESCRIPTION

Shell is an Anglo–Dutch multinational oil and gas company. Shell was founded in 1907 and is based in London, United Kingdom.

DEAL STATS #
Overall 16 of 19
Sector: Oil/Gas Exploration M&A 11 of 13
Type: Divestiture M&A Deals 16 of 19
Country: Netherlands M&A 2 of 2
Year: 2021 M&A 1 of 3
Size (of disclosed) 4 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-04 Royal Dutch Shell - U.S. Appalachia Assets

New York, United States

Royal Dutch Shell plc - U.S. Appalachia Assets are located in the predominately rural northern and western portions of Pennsylvania, where drilling and producing of dry gas from the Marcellus and Utica forms.

Sell $541M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-20 Shell Philippines

Manila, Philippines

Shell Philippines is primarily engaged in the importation and marketing of petroleum products, including gasoline, diesel, jet fuel, fuel oil, lubricants, and bitumen. Shell Philippines is based in Manila, Philippines.

Sell -
Mergr

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