M&A Deal Summary

Evolve Transition Infrastructure Acquires Sanchez Energy - Non-Core Producing Assets

On March 31, 2015, Evolve Transition Infrastructure acquired energy services and equipment company Sanchez Energy - Non-Core Producing Assets from Sanchez Energy for 85M USD

Acquisition Highlights
  • This is Evolve Transition Infrastructure’s 1st transaction in the Energy Services and Equipment sector.
  • This is Evolve Transition Infrastructure’s largest (disclosed) transaction.
  • This is Evolve Transition Infrastructure’s 1st transaction in the United States.
  • This is Evolve Transition Infrastructure’s 1st transaction in Texas.

M&A Deal Summary
Date 2015-03-31
Target Sanchez Energy - Non-Core Producing Assets
Sector Energy Services and Equipment
Buyer(s) Evolve Transition Infrastructure
Sellers(s) Sanchez Energy
Deal Type Divestiture
Deal Value 85M USD

Target

Sanchez Energy - Non-Core Producing Assets

Houston, Texas, United States
Sanchez Energy Corp. - Non-Core Producing Assets includes certain producing oil and gas well.

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Buyer(S) 1

Buyer

Evolve Transition Infrastructure

Houston, Texas, United States
Category Company
Founded 2005
Sector Energy Services and Equipment
Revenue 51M USD (2021)
DESCRIPTION

Evolve Transition Infrastructure is a developer, owner and operator of midstream and other energy production assets. Sanchez Midstream Partners was founded in 2005 and is headquartered in Houston, Texas.

DEAL STATS #
Overall 1 of 3
Sector (Energy Services and Equipment) 1 of 3
Type (Divestiture) 1 of 2
State (Texas) 1 of 3
Country (United States) 1 of 3
Year (2015) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-02-04 Constellation Energy Partners - Robinson’s Bend Field Assets and Operations

Houston, Texas, United States

Constellation Energy Partners - Robinson’s Bend Field Assets and Operations is a provider of energy services.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-06 Carnero Processing

Texas, United States

Carnero Processing LLC is a provider of energy services in Texas.

Buy -

Seller(S) 1

SELLER

Sanchez Energy

Houston, Texas, United States
Category Company
Founded 2011
Sector Oil/Gas Exploration
Revenue 476M USD (2015)
DESCRIPTION

Sanchez Energy is an independent exploration and production company, focused on the acquisition and development of unconventional oil and natural gas resources in the onshore US Gulf Coast, with a current focus on the horizontal development of significant resource potential from the Eagle Ford Shale in South Texas and the TMS in Mississippi and Louisiana. Sanchez Energy was formed in 2011 and is based in Houston, Texas.

DEAL STATS #
Overall 1 of 3
Sector (Energy Services and Equipment) 1 of 3
Type (Divestiture) 1 of 2
State (Texas) 1 of 3
Country (United States) 1 of 3
Year (2015) 1 of 1
Size (of disclosed) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-06 Carnero Processing

Texas, United States

Carnero Processing LLC is a provider of energy services in Texas.

Sell -
Mergr

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