Divestiture • Oil/Gas Exploration

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 Context
  • 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.

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M&A Deal Summary

Date January 2, 2014
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 Company

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 Overview 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 Context for Buyer #
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 Profile 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 Context for Seller #
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