M&A Deal Summary |
|
|---|---|
| Date | 2020-10-27 |
| Target | Chevron - Appalachia Assets |
| Sector | Oil/Gas Exploration |
| Buyer(s) | EQT |
| Sellers(s) | Chevron |
| Deal Type | Divestiture |
| Deal Value | 735M USD |
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| Category | Company |
|---|---|
| Founded | 1878 |
| Sector | Oil/Gas Exploration |
| Employees | 881 |
| Revenue | 5.1B USD (2023) |
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 | 9 of 12 |
| Sector (Oil/Gas Exploration) | 3 of 6 |
| Type (Divestiture) | 4 of 4 |
| State (Pennsylvania) | 6 of 8 |
| Country (United States) | 9 of 12 |
| Year (2020) | 1 of 1 |
| Size (of disclosed) | 3 of 6 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-11-13 |
Equitrans Midstream
Canonsburg, Pennsylvania, United States Equitrans Midstream is a natural gas midstream operator in the Marcellus & Utica shale. Equitrans Midstream was founded in 2018 and is based in Canonsburg, Pennsylvania. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-08-16 |
Tug Hill
Fort Worth, Texas, United States Tug Hill is an oil and gas operating company focused on the acquisition, development and exploitation of unconventional gas and liquids-rich assets in the Appalachian Basin, with an emphasis on the Marcellus and Utica/Point Pleasant formations in West Virginia and Southwest Pennsylvania. Tug Hill was founded in 2007 and is based in Fort Worth, Texas with offices in Canonsburg, PA and Boulder, CO. |
Buy | - |
| Category | Company |
|---|---|
| Founded | 1879 |
| Sector | Oil/Gas Exploration |
| Employees | 45,600 |
| Revenue | 196.9B USD (2023) |
Chevron is a fully integrated energy company. Its business includes petroleum operations, chemicals, mining operations, power generation and energy services. Chevron's exploration and production operations consists of exploration, development and production of crude oil and natural gas. Chevron was incorporated in 1879 and is based in San Ramon, California.
| DEAL STATS | # |
|---|---|
| Overall | 14 of 14 |
| Sector (Oil/Gas Exploration) | 10 of 10 |
| Type (Divestiture) | 13 of 13 |
| State (Pennsylvania) | 1 of 1 |
| Country (United States) | 12 of 12 |
| Year (2020) | 1 of 1 |
| Size (of disclosed) | 2 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-07-20 |
Noble Energy
Houston, Texas, United States Noble Energy is an independent oil and natural gas exploration and production company committed to meeting the world’s growing energy needs and delivering leading returns to shareholders. The Company operates a high-quality portfolio of assets onshore in the United States and offshore in the Eastern Mediterranean and off the west coast of Africa. Founded more than 85 years ago, Noble Energy is guided by its values, its commitment to safety, and respect for stakeholders, communities and the environment. Noble Energy was formed in 1932 and is based in Houston, Texas. |
Buy | $13.0B |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-02-28 |
Renewable Energy Group
Ames, Iowa, United States Renewable Energy Group is an energy and transportation company that transitions to sustainability by converting renewable resources into high-quality, sustainable fuels. REG is an international producer of sustainable fuels that significantly lower greenhouse gas emissions to immediately reduce carbon impact. REG utilizes a global integrated procurement, distribution, and logistics network to operate 11 biorefineries in the U.S. and Europe. Renewable Energy Group was formed in 1996 and is based in Ames, Iowa. |
Buy | $3.2B |
