M&A Deal Summary

Enbridge Acquires Murphy Oil - Montney Natural Gas Assets

On January 27, 2016, Enbridge acquired oil/gas exploration company Murphy Oil - Montney Natural Gas Assets from Murphy Oil for 538M USD

Acquisition Highlights
  • This is Enbridge’s 2nd transaction in the Oil/Gas Exploration sector.
  • This is Enbridge’s 3rd largest (disclosed) transaction.
  • This is Enbridge’s 2nd transaction in Canada.
  • This is Enbridge’s 1st transaction in British Columbia.

M&A Deal Summary
Date 2016-01-27
Target Murphy Oil - Montney Natural Gas Assets
Sector Oil/Gas Exploration
Buyer(s) Enbridge
Sellers(s) Murphy Oil
Deal Type Divestiture
Deal Value 538M USD

Target

Murphy Oil - Montney Natural Gas Assets

Dawson Creek, British Columbia, Canada
Murphy Oil - Montney Natural Gas Assets are Tupper Main and Tupper West gas plants and associated pipelines in northeastern B.C comprises natural gas fields.

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Buyer(S) 1

Buyer

Enbridge

Calgary, Alberta, Canada
Category Company
Founded 1949
Sector Energy Services and Equipment
Employees11,500
Revenue 43.6B CAD (2023)
DESCRIPTION
Enbridge office in West Duluth, Minnesota.
Enbridge office in West Duluth, Minnesota.

Enbridge operates a US and Canadian crude oil and liquid transportation network. Enbridge was incorporated in 1949 and is based in Calgary, Canada.

DEAL STATS #
Overall 5 of 14
Sector (Oil/Gas Exploration) 2 of 3
Type (Divestiture) 2 of 6
State (British Columbia) 1 of 1
Country (Canada) 2 of 2
Year (2016) 1 of 2
Size (of disclosed) 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-25 EverPower Wind - 103-Megawatt West Virginia Wind Project

Grant County, West Virginia, United States

EverPower Wind - 103-Megawatt West Virginia Wind Project is an independent U.S. renewable energy developer comprise 49 Gamesa G97/G90 turbines.

Buy $200M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-10 Éolien Maritime France SAS

Paris, France

Éolien Maritime France SAS is a French offshore wind development company with three large-scale offshore wind farms off the coast of France that would produce a combined 1,428 megawatts (MW) of power.

Buy -

Seller(S) 1

SELLER

Murphy Oil

Houston, Texas, United States
Category Company
Founded 1950
Sector Oil/Gas Exploration
Employees725
Revenue 3.4B USD (2023)
DESCRIPTION

Murphy Oil is an international oil and gas provider committed to exploration, devoted to an innovative Global Offshore strategy, and steadfast in the efficient growth of our North American Onshore interests. Murphy Oil was founded in 1950 and is based in Houston, Texas.

DEAL STATS #
Overall 2 of 3
Sector (Oil/Gas Exploration) 1 of 2
Type (Divestiture) 1 of 2
State (British Columbia) 1 of 1
Country (Canada) 1 of 1
Year (2016) 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-10-01 Ethanol Plant - Hankinson

Hankinson, North Dakota, United States

Ethanol Plant - Hankinson is a provider of oil and gas exploration services.

Buy $92M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-21 Murphy Oil - Malaysian subsidiaries

Malaysia

Murphy Oil Corp. - Malaysian subsidiaries include Murphy Sabah Oil Co., Ltd. and Murphy Sarawak Oil Co., Ltd., provides oil and natural gas exploration and production services in Malaysia.

Sell $2.1B
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