M&A Deal Summary |
|
|---|---|
| Date | 2013-05-03 |
| Target | Chesapeake Marcellus Acreage and Wells |
| Sector | Oil/Gas Exploration |
| Buyer(s) | EQT |
| Sellers(s) | Chesapeake Energy |
| Deal Type | Divestiture |
| Deal Value | 113M USD |
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| Category | Company |
|---|---|
| Founded | 1878 |
| Sector | Oil/Gas Exploration |
| Employees | 881 |
| Revenue | 5.2B USD (2024) |
EQT is an integrated energy company, with an emphasis on Appalachian area natural gas supply, transmission and distribution. EQT was founded in 1878 and is based in Pittsburgh, Pennsylvania.
| DEAL STATS | # |
|---|---|
| Overall | 4 of 12 |
| Sector: Oil/Gas Exploration M&A | 1 of 6 |
| Type: Divestiture M&A Deals | 2 of 4 |
| State: Pennsylvania M&A | 3 of 8 |
| Country: United States M&A | 4 of 12 |
| Year: 2013 M&A | 1 of 1 |
| Size (of disclosed) | 5 of 6 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2011-01-04 |
EQT Kentucky Natural Gas Processing Complex
Kentucky, United States EQT Kentucky Natural Gas Processing Complex includes a 100 million cubic feet per day (MMcfd) cryogenic processing plant, a 75 MMcfd refrigeration processing plant, and approximately 28,000 horsepower of compression. |
Sell | $230M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2013-07-15 |
Sunrise Pipeline
United States Sunrise Pipeline, a 41.5 miles of 24-inch diameter FERC-regulated pipeline that parallels and interconnects with the segment of the Partnership’s transmission and storage system from Wetzel County, West Virginia to Greene County, Pennsylvania. |
Sell | $508M |
| Category | Company |
|---|---|
| Founded | 1989 |
| Sector | Oil/Gas Exploration |
| Employees | 1,000 |
| Revenue | 7.8B USD (2023) |
Chesapeake Energy produces natural gas and is a major producer of oil and natural gas liquids in the U.S., with an industry-leading portfolio of high-quality unconventional assets in top onshore plays. Chesapeake Energy was incorporated in 1989 and is based in Oklahoma City.
| DEAL STATS | # |
|---|---|
| Overall | 4 of 9 |
| Sector: Oil/Gas Exploration M&A | 4 of 6 |
| Type: Divestiture M&A Deals | 4 of 8 |
| State: Pennsylvania M&A | 1 of 1 |
| Country: United States M&A | 4 of 9 |
| Year: 2013 M&A | 1 of 2 |
| Size (of disclosed) | 5 of 5 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2012-12-11 |
Chesapeake Midstream Operating
Oklahoma City, Oklahoma, United States Chesapeake Midstream Operating, L.L.C. consists of natural gas gathering and processing assets in the Eagle Ford, Utica and Niobrara liquids-rich plays. |
Sell | $2.2B |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2013-08-01 |
Chesapeake Energy - Mississippi Lime Midstream Assets
Mississippi, United States Chesapeake Energy - Mississippi Lime Midstream Assets consists of: Rose Valley I plant: 200 mmcfd cryogenic processing plant, expected to be operational first quarter 2014 and Rose Valley II plant: 200 mmcfd cryogenic processing plant, expected to be operational first quarter 2016. |
Sell | $300M |
