M&A Deal Summary

EXCO and BG Group Acquire Common Resources - Haynesville Assets

On May 19, 2010, EXCO and BG Group acquired oil/gas exploration company Common Resources - Haynesville Assets from Common Resources for 446M USD

Acquisition Highlights
  • This is EXCO’s 2nd and BG Group’s 1st transaction in the Oil/Gas Exploration sector.
  • This is EXCO’s 2nd and BG Group’s largest (disclosed) transaction.
  • This is EXCO’s 2nd and BG Group’s 2nd transaction in the United States.
  • This is EXCO’s 2nd and BG Group’s 1st transaction in Louisiana.

M&A Deal Summary
Date 2010-05-19
Target Common Resources - Haynesville Assets
Sector Oil/Gas Exploration
Buyer(s) EXCO
BG Group
Sellers(s) Common Resources
Deal Type Divestiture
Deal Value 446M USD

Target

Common Resources - Haynesville Assets

Haynesville, Louisiana, United States
Common Resources - Haynesville Assets is an oil and gas exploration and production company.

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Buyer(S) 2

Buyer

EXCO

Dallas, Texas, United States
Category Company
Sector Oil/Gas Exploration
Employees153
Revenue 394M USD (2018)
DESCRIPTION

EXCO is an oil and natural gas company engaged in the exploitation, exploration, acquisition, development and production of onshore U.S. oil and natural gas properties with a focus on shale resource plays. EXCO Resources based in Dallas, Texas.

DEAL STATS #
Overall 2 of 4
Sector (Oil/Gas Exploration) 2 of 4
Type (Divestiture) 2 of 3
State (Louisiana) 2 of 2
Country (United States) 2 of 4
Year (2010) 1 of 1
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-12-26 Anadarko Vernon and Ansley Fields

Louisiana, United States

Anadarko Vernon and Ansley Fields were producing 192 million cubic feet equivalent per day (net) from approximately 350 wells within 66,000 net acres.

Buy $1.6B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-01 Compass Production Partners

Tulsa, Oklahoma, United States

Compass Production Partners is an operator of producing, low risk, mature, predictable conventional oil and gas properties in the Permian Basin of West Texas, East Texas and North Louisiana. Compass Production Partners was founded in 2012 and is based in Tulsa, Oklahoma.

Buy -
Buyer

BG Group

Reading, United Kingdom
Category Company
Founded 1997
Sector Oil/Gas Exploration
Employees5,422
Revenue 19.3B GBP (2014)
DESCRIPTION

BG Group plc is an oil and gas company.

DEAL STATS #
Overall 2 of 2
Sector (Oil/Gas Exploration) 1 of 1
Type (Divestiture) 1 of 1
State (Louisiana) 1 of 1
Country (United States) 2 of 2
Year (2010) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-04-06 Pure Energy Resources

Burlington, Massachusetts, United States

Pure Energy Resources Limited is a provider of energy services tocoal seam gas industry to identify CSG exploration, development and production opportunities.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-03-05 Conventional Oil & Natural Gas Assets - BG Group

United States

Conventional Oil & Natural Gas Assets are in the Danville, Waskom and Holly fields in East Texas and North Louisiana, including and above the Cotton Valley formation.

Sell $131M

Seller(S) 1

SELLER

Common Resources

The Woodlands, Texas, United States
Category Company
Founded 2006
Sector Oil/Gas Exploration
DESCRIPTION

Common Resources LLC is an oil and gas exploration and production company.

DEAL STATS #
Overall 2 of 2
Sector (Oil/Gas Exploration) 2 of 2
Type (Divestiture) 2 of 2
State (Louisiana) 1 of 1
Country (United States) 2 of 2
Year (2010) 2 of 2
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-05-19 Common Resources - Eagle Ford Assets

Texas, United States

Common Resources - Eagle Ford Assets is an oil and gas exploration and production reserves.

Sell $359M
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