M&A Deal Summary |
|
|---|---|
| Date | 2021-04-08 |
| Target | Hess - Williston Basin Assets |
| Sector | Oil/Gas Exploration |
| Buyer(s) | Enerplus |
| Sellers(s) | Hess |
| Deal Type | Divestiture |
| Deal Value | 312M USD |
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| Category | Company |
|---|---|
| Founded | 1986 |
| Sector | Oil/Gas Exploration |
| Employees | 404 |
| Revenue | 1.7B USD (2023) |
Enerplus is a North American energy producer with a portfolio of high-quality, low-decline oil and gas assets, complemented by growth assets in resource plays with superior economics. Enerplus was incorporated in 1986 and is based in Calgary, Canada.
| DEAL STATS | # |
|---|---|
| Overall | 2 of 2 |
| Sector (Oil/Gas Exploration) | 2 of 2 |
| Type (Divestiture) | 1 of 1 |
| State (New York) | 1 of 1 |
| Country (United States) | 2 of 2 |
| Year (2021) | 2 of 2 |
| Size (of disclosed) | 2 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-01-25 |
Bruin E&P HoldCo
Montana, United States Bruin E&P HoldCo is a pure play Williston Basin private company that includes 151,000 net acres in the Williston Basin. Bruin includes approximately 24,000 BOE per day of existing production (working interest(1)), 84 MMBOE of proved plus probable reserves (working interest(1)), and an inventory of 149 (111 net) drilling locations (including drilled uncompleted wells). |
Buy | $465M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-07-28 |
Enerplus - Certain Canadian Assets
Alberta, Canada Enerplus Corp's Certain Canadian Assets include Ante Creek and Medicine Hat operations along with its broad interests in the West Five and West Six areas of Alberta. Production from the Assets is approximately 3,400 BOE per day (60% crude oil) on a net after deduction of royalty basis (4,400 BOE per day before deduction of royalties). The Assets include over 400 net wells. |
Sell | CA$140M |
| Category | Company |
|---|---|
| Founded | 1920 |
| Sector | Oil/Gas Exploration |
| Employees | 1,545 |
| Revenue | 11.3B USD (2022) |
Hess is a global integrated energy company engaged in the exploration, production, purchase, transportation and sale of crude oil and natural gas, as well as the production and sale of refined petroleum products. Hess was founded in 1920 and is based in New York, New York.
| DEAL STATS | # |
|---|---|
| Overall | 15 of 15 |
| Sector (Oil/Gas Exploration) | 11 of 11 |
| Type (Divestiture) | 11 of 11 |
| State (New York) | 2 of 2 |
| Country (United States) | 7 of 7 |
| Year (2021) | 1 of 1 |
| Size (of disclosed) | 8 of 10 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-12-22 |
Hess Norge
Norway Hess Norge is a provider of oil and gas exploration services. Hess Norge which owns interests in the Valhall and Hod fields in Norway. |
Sell | $2.0B |
