M&A Deal Summary

Harvest Oil & Gas Acquires Plantation Petroleum Holdings III

On July 17, 2007, Harvest Oil & Gas acquired oil/gas exploration company Plantation Petroleum Holdings III from EnCap Investments for 160M USD

Acquisition Highlights
  • This is Harvest Oil & Gas’ 1st transaction in the Oil/Gas Exploration sector.
  • This is Harvest Oil & Gas’ largest (disclosed) transaction.
  • This is Harvest Oil & Gas’ 1st transaction in the United States.
  • This is Harvest Oil & Gas’ 1st transaction in Texas.

M&A Deal Summary

Date 2007-07-17
Target Plantation Petroleum Holdings III
Sector Oil/Gas Exploration
Buyer(s) Harvest Oil & Gas
Sellers(s) EnCap Investments
Deal Type Add-on Acquisition
Deal Value 160M USD

Target

Plantation Petroleum Holdings III

Houston, Texas, United States
Plantation Petroleum Holdings is an upstream oil & gas company focused in the Permian Basin in West Texas and Southeast New Mexico.

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Buyer(S) 1

Buyer

Harvest Oil & Gas

Houston, Texas, United States

Category Company
Founded 2006
Sector Oil/Gas Exploration
Employees5
Revenue 114M USD (2019)
DESCRIPTION

Harvest Oil & Gas is an independent oil and gas company engaged in the efficient operation and development of onshore oil and gas properties in the continental United States. Harvest Oil & Gas was formed in 2006 and is based in Houston, Texas.


DEAL STATS #
Overall 1 of 1
Sector (Oil/Gas Exploration) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2007) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-06 Utica East Ohio Midstream

Dennison,, Ohio, United States

UEO is a joint project to develop infrastructure for the gathering, processing and fractionation of natural gas and natural gas liquids (NGL) in the Utica Shale play in eastern Ohio.

Sell -

Seller(S) 1

SELLER

EnCap Investments

Houston, Texas, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1988
PE ASSETS 38.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

EnCap Investments is a private equity firm focused on the US energy sector. EnCap specifically looks for upstream and midstream opportunities within the oil and gas industry. EnCap generally partners with seasoned management when pursuing investments. EnCap Investments has offices in Dallas and Houston.


DEAL STATS #
Overall 10 of 51
Sector (Oil/Gas Exploration) 10 of 48
Type (Add-on Acquisition) 8 of 30
State (Texas) 8 of 38
Country (United States) 10 of 50
Year (2007) 4 of 5
Size (of disclosed) 25 of 29
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-07-01 Legado Resources

The Woodlands, Texas, United States

Legado Resources, L.L.C. is a oil and gas company focused on acquiring and developing secondary and tertiary oil recovery projects throughout the United States.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-08-01 Plantation Petroleum Holdings IV

Houston, Texas, United States

Plantation Petroleum Holdings IV is an upstream oil and gas company focused in the Permian Basin in West Texas and Southeast New Mexico. Plantation Petroleum Holdings IV was founded in 2007 and is based in Houston, Texas.

Buy -