M&A Deal Summary

Empire Petroleum Acquires Exodus Energy - Oil and Gas Assets

On October 10, 2018, Empire Petroleum acquired oil/gas exploration company Exodus Energy - Oil and Gas Assets from Exodus Energy - Oil and Gas Assets

Acquisition Highlights
  • This is Empire Petroleum’s 2nd transaction in the Oil/Gas Exploration sector.
  • This is Empire Petroleum’s 2nd transaction in the United States.
  • This is Empire Petroleum’s 2nd transaction in Louisiana.

M&A Deal Summary
Date 2018-10-10
Target Exodus Energy - Oil and Gas Assets
Sector Oil/Gas Exploration
Buyer(s) Empire Petroleum
Sellers(s) Exodus Energy - Oil and Gas Assets
Deal Type Divestiture

Target

Exodus Energy - Oil and Gas Assets

St. Landry Parish, Louisiana, United States
Exodus Energy, Inc. - Oil and Gas Assets is an oil and gas wells with predictable, low decline production profiles, low risk workover.

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Buyer(S) 1

Buyer

Empire Petroleum

Tulsa, Oklahoma, United States
Category Company
Founded 1983
Sector Oil/Gas Exploration
Employees50
Revenue 40M USD (2023)
DESCRIPTION

Empire Petroleum is an oil and gas company. Empire Petroleum focused on targeted acquisitions of proved developed assets with synergies with its existing portfolio of wells. Empire Petroleum was founded in 1983 and is based in Tulsa, Oklahoma.

DEAL STATS #
Overall 2 of 4
Sector (Oil/Gas Exploration) 2 of 4
Type (Divestiture) 2 of 4
State (Louisiana) 2 of 2
Country (United States) 2 of 4
Year (2018) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-10 Cardinal Exploration and Production - Oil and Gas Assets

Beauregard Parish, Louisiana, United States

Cardinal Exploration and Production Co. - Oil and Gas Assets is an oil gas company.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-03 EnergyQuest II - Producing Oil & Gas Assets

Houston, Texas, United States

EnergyQuest II LLC - Producing Oil & Gas Assets are comprised of 184 producing oil and gas wells with predictable, low decline production profiles, low-risk workover opportunities, undeveloped new drilling opportunities and other potential operating and production enhancements to improve unit operating costs and improve existing margins.

Buy -

Seller(S) 1

SELLER

Exodus Energy - Oil and Gas Assets

St. Landry Parish, Louisiana, United States
Category Company
Sector Oil/Gas Exploration
DESCRIPTION

Exodus Energy, Inc. - Oil and Gas Assets is an oil and gas wells with predictable, low decline production profiles, low risk workover.

DEAL STATS #
Overall 1 of 1
Sector (Oil/Gas Exploration) 1 of 1
Type (Divestiture) 1 of 1
State (Louisiana) 1 of 1
Country (United States) 1 of 1
Year (2018) 1 of 1
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