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Divestiture • Energy Services and Equipment

Evolve Transition Infrastructure Acquires Sanchez Energy - Midstream Assets

On October 6, 2016, Evolve Transition Infrastructure acquired energy services and equipment company Sanchez Energy - Midstream Assets from Sanchez Energy for 27M USD

Acquisition Context
  • This is Evolve Transition Infrastructure’s 3rd transaction in the Energy Services and Equipment sector.
  • This is Evolve Transition Infrastructure’s 2nd largest (disclosed) transaction.
  • This is Evolve Transition Infrastructure’s 3rd transaction in the United States.
  • This is Evolve Transition Infrastructure’s 3rd transaction in Texas.

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M&A Deal Summary
Date October 6, 2016
Target Sanchez Energy - Midstream Assets
Sector Energy Services and Equipment
Buyer(s) Evolve Transition Infrastructure
Sellers(s) Sanchez Energy
Deal Type Divestiture
Deal Value 27M USD

Target Company

Sanchez Energy - Midstream Assets

Texas, United States
Sanchez Energy Corp. - Midstream Assets includes working interests in 23 producing Eagle Ford wellbores located in Dimmit and Zavala counties in South Texas together with escalating working interests in an additional 11 producing wellbores located in the Palmetto Field in Gonzales County, Texas.
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Buyer Overview 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 Context for Buyer #
Overall 3 of 3
Sector: Energy Services and Equipment 3 of 3
Type: Divestiture 2 of 2
State: Texas 3 of 3
Country: United States 3 of 3
Year: 2016 2 of 2
Size (of disclosed) 2 of 2
PREVIOUS 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 Profile 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 Context for Seller #
Overall 3 of 3
Sector: Energy Services and Equipment 3 of 3
Type: Divestiture 2 of 2
State: Texas 3 of 3
Country: United States 3 of 3
Year: 2016 2 of 2
Size (of disclosed) 2 of 2
PREVIOUS 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 -

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