Investment Summary |
|
|---|---|
| Date | 2023-06-15 |
| Target | Novo Oil & Gas - Northern Delaware Basin Permian Assets |
| Sector | Oil/Gas Exploration |
| Investor(s) |
Earthstone Energy
NOG |
| Sellers(s) | Novo Oil & Gas |
| Deal Type | Stake Purchase |
SEARCH BY
| Category | Company |
|---|---|
| Founded | 1969 |
| Sector | Oil/Gas Exploration |
| Employees | 81 |
| Revenue | 420M USD (2021) |
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 | 8 of 8 |
| Sector: Oil/Gas Exploration M&A | 8 of 8 |
| Type: Stake Purchase M&A Deals | 1 of 1 |
| State: Texas M&A | 5 of 5 |
| Country: United States M&A | 7 of 7 |
| Year: 2023 M&A | 2 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-06-15 |
Novo Oil & Gas
Oklahoma City, Oklahoma, United States Novo Oil & Gas is an exploration and production company focused on the pursuit of proven, liquids-rich unconventional assets within various onshore U.S basins. Novo Oil & Gas is based in Oklahoma City, Oklahoma. |
Buy | $1.5B |
| Category | Company |
|---|---|
| Founded | 2006 |
| Sector | Oil/Gas Exploration |
| Employees | 49 |
| Revenue | 2.2B USD (2024) |
NOG is an exploration and production company with a core area of focus in the Williston Basin Bakken and Three Forks play in North Dakota and Montana. NOG was founded in 2006 and is based in Minnetonka, Minnesota.
| DEAL STATS | # |
|---|---|
| Overall | 6 of 9 |
| Sector: Oil/Gas Exploration M&A | 6 of 9 |
| Type: Stake Purchase M&A Deals | 1 of 2 |
| State: Texas M&A | 4 of 6 |
| Country: United States M&A | 6 of 9 |
| Year: 2023 M&A | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-01-01 |
Veritas Permian II
Westworth Village, Texas, United States Veritas Permian II is an independent oil and natural gas company and is focused on leasing, developing, and operating oil and gas properties. Veritas Permian II is based in Westworth Village, Texas. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-06-27 |
XCL Resources
Houston, Texas, United States XCL Resources is a private oil and gas company focused on maximizing risk-adjusted returns on assets that require efficient development. XCL Resources is based in Houston, Texas. |
Buy | $2.6B |
Novo Oil & Gas is an exploration and production company focused on the pursuit of proven, liquids-rich unconventional assets within various onshore U.S basins. Novo Oil & Gas is based in Oklahoma City, Oklahoma.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 1 |
| Sector: Oil/Gas Exploration M&A | 1 of 1 |
| Type: Stake Purchase M&A Deals | 1 of 1 |
| State: Texas M&A | 1 of 1 |
| Country: United States M&A | 1 of 1 |
| Year: 2023 M&A | 1 of 1 |
