M&A Deal Summary

Daybreak Oil and Gas Acquires Reabold California

On October 21, 2021, Daybreak Oil and Gas acquired oil/gas exploration company Reabold California

Acquisition Highlights
  • This is Daybreak Oil and Gas’ 1st transaction in the Oil/Gas Exploration sector.
  • This is Daybreak Oil and Gas’ 1st transaction in the United States.
  • This is Daybreak Oil and Gas’ 1st transaction in California.

M&A Deal Summary
Date 2021-10-21
Target Reabold California
Sector Oil/Gas Exploration
Buyer(s) Daybreak Oil and Gas
Deal Type Add-on Acquisition

Target

Reabold California

Reabold, California, United States
Reabold California owns a 50% working interest and operates 10 producing wells in the Sacramento Basin in Northern California with proved reserves of 613,000 barrels of oil equivalent.

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Buyer(S) 1

Buyer

Daybreak Oil and Gas

Friendswood, Washington, United States
Category Company
Founded 1955
Sector Oil/Gas Exploration
Employees5
Revenue 2M USD (2023)
DESCRIPTION

Daybreak Oil and Gas is an independent crude oil and natural gas company currently engaged in the exploration, development, and production of onshore crude oil and natural gas in the United States. The company owns a 3-D seismic survey that encompasses 20,000 acres over 32 square miles with approximately 6,500 acres under lease in the San Joaquin Valley of California. It operates production from 20 oil wells in our East Slopes project area in Kern County, California. Formed in 1955, Daybreak Oil and Gas is headquartered in Spokane Valley, Washington with an operations office in Friendswood, Texas.

DEAL STATS #
Overall 1 of 1
Sector (Oil/Gas Exploration) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1
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