M&A Deal Summary

EPL Oil & Gas Acquires Nexen Petroleum Offshore - Shallow GOM Shelf

On January 2, 2014, EPL Oil & Gas acquired oil/gas exploration company Nexen Petroleum Offshore - Shallow GOM Shelf from Nexen Petroleum Offshore USA for 70M USD

Acquisition Highlights
  • This is EPL Oil & Gas’ 1st transaction in the Oil/Gas Exploration sector.
  • This is EPL Oil & Gas’ largest (disclosed) transaction.
  • This is EPL Oil & Gas’ 1st transaction in the United States.

M&A Deal Summary
Date 2014-01-02
Target Nexen Petroleum Offshore - Shallow GOM Shelf
Sector Oil/Gas Exploration
Buyer(s) EPL Oil & Gas
Sellers(s) Nexen Petroleum Offshore USA
Deal Type Divestiture
Deal Value 70M USD

Target

Nexen Petroleum Offshore - Shallow GOM Shelf

United States
Nexen Petroleum Offshore - Shallow GOM Shelf is a provider of oil and gas exploration services,

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Buyer(S) 1

Buyer

EPL Oil & Gas

New Orleans, Louisiana, United States
Category Company
Founded 1998
Sector Oil/Gas Exploration
DESCRIPTION

EPL Oil & Gas, Inc. a Independent oil and natural gas exploration and production company focused on the shallow to moderate depth waters of the Gulf of Mexico Shelf.

DEAL STATS #
Overall 1 of 1
Sector (Oil/Gas Exploration) 1 of 1
Type (Divestiture) 1 of 1
Country (United States) 1 of 1
Year (2014) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Nexen Petroleum Offshore USA

Dallas, Texas, United States
Category Company
Sector Oil/Gas Exploration
DESCRIPTION

Nexen Petroleum Offshore USA, Inc. is a provider of oil and gas exploration services.

DEAL STATS #
Overall 1 of 1
Sector (Oil/Gas Exploration) 1 of 1
Type (Divestiture) 1 of 1
Country (United States) 1 of 1
Year (2014) 1 of 1
Size (of disclosed) 1 of 1
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