Divestiture • Oil/Gas Exploration

Dana Petroleum Acquires Devon Energy - Egyptian Oil and Gas Operations

On April 18, 2007, Dana Petroleum acquired oil/gas exploration company Devon Energy - Egyptian Oil and Gas Operations from Devon Energy for 375M USD

Acquisition Context
  • This is Dana Petroleum’s 1st transaction in the Oil/Gas Exploration sector.
  • This is Dana Petroleum’s largest (disclosed) transaction.
  • This is Dana Petroleum’s 1st transaction in the United States.

Explore All 413 Divestiture Oil/Gas Exploration Deals - Search the Database Free


M&A Deal Summary

Date April 18, 2007
Target Devon Energy - Egyptian Oil and Gas Operations
Sector Oil/Gas Exploration
Buyer(s) Dana Petroleum
Sellers(s) Devon Energy
Deal Type Divestiture
Deal Value 375M USD

Target Company

Devon Energy - Egyptian Oil and Gas Operations

United States
Devon Energy Corp. - Egyptian Oil and Gas Operations is a provider of oil and gas exploration services, the assets also includes interest in eight concessions.
Explore More Deals

Browse All 215,158 Deals

FILTER BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Search Free

Buyer Overview 1

Buyer

Dana Petroleum

Aberdeen, United Kingdom

Category Company
Founded 1994
Sector Oil/Gas Exploration
DESCRIPTION

Dana Petroleum Plc is a UK-based oil/gas exploration and development company.


Deal Context for Buyer #
Overall 1 of 1
Sector: Oil/Gas Exploration 1 of 1
Type: Divestiture 1 of 1
Country: United States 1 of 1
Year: 2007 1 of 1
Size (of disclosed) 1 of 1

Seller Profile 1

SELLER

Devon Energy

Oklahoma City, Oklahoma, United States

Category Company
Founded 1971
Sector Oil/Gas Exploration
Employees2,300
Revenue 15.9B USD (2024)
DESCRIPTION

Devon Energy a U.S. based independent natural gas and oil producers. The company's operations are focused on North American onshore exploration and production. Devon Energy was founded in 1971 and is based in Oklahoma City.


Deal Context for Seller #
Overall 1 of 11
Sector: Oil/Gas Exploration 1 of 10
Type: Divestiture 1 of 10
Country: United States 1 of 8
Year: 2007 1 of 1
Size (of disclosed) 5 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-05-02 Chief Holdings

Waterbury, Connecticut, United States

Chief Holdings LLC is a provider of energy services.

Buy $2.2B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-03-06 Devon Energy - Cote d Ivoire Assets

United States

Devon Energy Corp. - Cote d'Ivoire Assets include Devon's interests in offshore producing Block CI-11, offshore undeveloped Block CI-01 and the onshore Lion gas processing plant. Devon's current net production from Cote d'Ivoire is approximately 3,000 oil-equivalent barrels per day.

Sell $205M