M&A Deal Summary

Crescent Point Energy Acquires Ute Enery

On November 2, 2012, Crescent Point Energy acquired oil/gas exploration company Ute Enery from Quantum Energy Partners for 861M USD

Acquisition Highlights
  • This is Crescent Point Energy’s 10th transaction in the Oil/Gas Exploration sector.
  • This is Crescent Point Energy’s 3rd largest (disclosed) transaction.
  • This is Crescent Point Energy’s 1st transaction in the United States.
  • This is Crescent Point Energy’s 1st transaction in Utah.

M&A Deal Summary
Date 2012-11-02
Target Ute Enery
Sector Oil/Gas Exploration
Buyer(s) Crescent Point Energy
Sellers(s) Quantum Energy Partners
Deal Type Add-on Acquisition
Deal Value 861M USD
Advisor(s) Tudor, Pickering, Holt & Co., LLC
Credit Suisse Investment Banking (Financial)
Vinson & Elkins (Legal)

Target

Ute Enery

Uinta basin, Utah, United States
Ute Energy, LLC is an integrated upstream and midstream energy company formed by the Ute Indian Tribe for the purpose of actively managing the Tribe?s mineral estate.

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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 11 of 16
Sector (Oil/Gas Exploration) 10 of 15
Type (Add-on Acquisition) 11 of 14
State (Utah) 1 of 1
Country (United States) 1 of 1
Year (2012) 4 of 4
Size (of disclosed) 3 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-06-20 Cutpick Energy

Calgary, Alberta, Canada

Cutpick Energy, Inc. is an oil and gas exploration, development and production, with a focus on the exploitation of its Viking light oil resource lands in the Halkirk area of Alberta.

Buy $425M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-23 CanEra Energy

Calgary, Alberta, Canada

CanEra Energy Corporation is an oil and gas exploration and production company with a focus in the Western Canadian Sedimentary Basin.

Buy CA$1.1B

Seller(S) 1

SELLER

Quantum Energy Partners

Houston, Texas, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1998
PE ASSETS 17.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Quantum Energy Partners is a specialist private equity firm focused on investments within the energy sector. Quantum's primary focus is on opportunities within the oil and gas upstream and midstream sectors, however, the Firm will also consider investments in oil field services and equipment, coal, power generation and transmission, and renewable/alternative energy. Quantum's target investment size is $100 to $400 million. Quantum invests in start-ups as well as established companies needing expansion capital. Quantum Energy Partners was formed in 1998 and is headquartered in Houston, Texas.

DEAL STATS #
Overall 11 of 26
Sector (Oil/Gas Exploration) 8 of 17
Type (Add-on Acquisition) 7 of 17
State (Utah) 1 of 1
Country (United States) 8 of 23
Year (2012) 1 of 1
Size (of disclosed) 6 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-09-18 Vitruvian Exploration II

Woodlands, Texas, United States

Vitruvian Exploration II, LLC is focused on the acquisition, exploration and development of emerging and undeveloped oil and gas unconventional resource plays in North America. Vitruvian Exploration II was formed in 2012 and is based in The Woodlands, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-01 Wishbone Energy Partners

Houston, Texas, United States

Wishbone Energy Partners, LLC is a Houston, TX based E&P company focused on the acquisition and development of properties in select conventional and unconventional North American reservoirs.

Buy -
Mergr

Product

Company

Legal