M&A Deal Summary

Earthstone Energy Acquires Lynden Energy

On December 17, 2015, Earthstone Energy acquired oil/gas exploration company Lynden Energy

Acquisition Highlights
  • This is Earthstone Energy’s 1st transaction in the Oil/Gas Exploration sector.
  • This is Earthstone Energy’s 1st transaction in Canada.
  • This is Earthstone Energy’s 1st transaction in British Columbia.

M&A Deal Summary
Date 2015-12-17
Target Lynden Energy
Sector Oil/Gas Exploration
Buyer(s) Earthstone Energy
Deal Type Add-on Acquisition
Advisor(s) SunTrust Robinson Humphrey, Inc. (Financial)
Vinson & Elkins
Owen Bird Law Corp. (Legal)

Target

Lynden Energy

Vancouver, British Columbia, Canada
Lynden is in the business of acquiring, exploring and developing petroleum and natural gas rights and properties. It has various working interests in the Midland Basin and Eastern Shelf of the Permian Basin, West Texas.

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Buyer(S) 1

Buyer

Earthstone Energy

The Woodlands, Texas, United States
Category Company
Founded 1969
Sector Oil/Gas Exploration
Employees81
Revenue 420M USD (2021)
DESCRIPTION

Earthstone Energy is a growth-oriented independent oil and gas exploration and production company engaged in developing and acquiring oil and gas reserves through an active and diversified program that includes acquiring, drilling and developing undeveloped leases, asset and corporate acquisitions and exploration activities, with its primary assets located in the Eagle Ford trend of south Texas, the Midland Basin of west Texas, and the Williston Basin of North Dakota. Earthstone Energy was founded in 1969 and is based in The Woodlands, Texas.

DEAL STATS #
Overall 1 of 7
Sector (Oil/Gas Exploration) 1 of 7
Type (Add-on Acquisition) 1 of 4
State (British Columbia) 1 of 1
Country (Canada) 1 of 1
Year (2015) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-08 Bold Energy III

Midland, Texas, United States

Bold Energy III LLC is an independent energy company focused on the acquisition, exploitation, and development of oil and gas properties in the Greater Permian Basin of West Texas and SE New Mexico.

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