M&A Deal Summary |
|
|---|---|
| Date | 2002-07-11 |
| Target | McComb Field |
| Sector | Oil/Gas Exploration |
| Buyer(s) | Denbury |
| Sellers(s) | E.B. German and Sons |
| Deal Type | Divestiture |
| Deal Value | 3M USD |
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| Category | Company |
|---|---|
| Founded | 1951 |
| Sector | Oil/Gas Exploration |
| Revenue | 1.7B USD (2022) |
Denbury is an independent energy company with operations and assets focused on Carbon Capture, Utilization, and Storage (“CCS”) and Enhanced Oil Recovery (“EOR”) in the Gulf Coast and Rocky Mountain regions. For over two decades, the Company has maintained a unique strategic focus on utilizing CO2 in its EOR operations and since 2012 has also been active in CCS through the injection of captured industrial-sourced CO2. It currently injects over four million tons of captured industrial-sourced CO2 annually, with an objective to fully offset its Scope 1, 2, and 3 CO2 emissions by 2030, primarily through increasing the amount of captured industrial-sourced CO2 used in its operations. Danbury was incorporated in 2003 and is based in Plano, Texas.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 8 |
| Sector (Oil/Gas Exploration) | 1 of 8 |
| Type (Divestiture) | 1 of 3 |
| State (Mississippi) | 1 of 1 |
| Country (United States) | 1 of 8 |
| Year (2002) | 1 of 1 |
| Size (of disclosed) | 8 of 8 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2006-05-09 |
Natural Gas Systems - Delhi Holt-Bryant Unit
United States Delhi Holt-Bryant Unit, located in northern Louisiana about 65 miles southwest. Delhi is a potential carbon dioxide ("CO2") tertiary flood candidate. The Company initially has estimated that this field has an estimated net reserve potential from CO2 tertiary floods of up to 30 to 40 million barrels of oil equivalent |
Buy | $50M |
E.B. German and Sons is a growing independent oil and gas company.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 1 |
| Sector (Oil/Gas Exploration) | 1 of 1 |
| Type (Divestiture) | 1 of 1 |
| State (Mississippi) | 1 of 1 |
| Country (United States) | 1 of 1 |
| Year (2002) | 1 of 1 |
| Size (of disclosed) | 1 of 1 |
