M&A Deal Summary

Haymaker Minerals & Royalties I Acquires Chesapeake Energy - Royalty Portfolio

On February 23, 2016, Haymaker Minerals & Royalties I acquired oil/gas exploration company Chesapeake Energy - Royalty Portfolio from Chesapeake Energy for 128M USD

Acquisition Highlights
  • This is Haymaker Minerals & Royalties I’s 1st transaction in the Oil/Gas Exploration sector.
  • This is Haymaker Minerals & Royalties I’s largest (disclosed) transaction.
  • This is Haymaker Minerals & Royalties I’s 1st transaction in the United States.

M&A Deal Summary
Date 2016-02-23
Target Chesapeake Energy - Royalty Portfolio
Sector Oil/Gas Exploration
Buyer(s) Haymaker Minerals & Royalties I
Sellers(s) Chesapeake Energy
Deal Type Divestiture
Deal Value 128M USD

Target

Chesapeake Energy - Royalty Portfolio

United States
Chesapeake Energy - Royalty Portfolio includes producing and non-producing mineral and royalty interests associated with over 8,500 wells across 24 states and 324 counties.

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Buyer(S) 1

Buyer

Haymaker Minerals & Royalties I

Houston, Texas, United States
Category Company
Founded 2013
Sector Energy Services and Equipment
DESCRIPTION

Haymaker Minerals & Royalties is a private company focused on acquiring mineral and royalty interests under leases that are likely to be developed aggressively.

DEAL STATS #
Overall 1 of 1
Sector (Oil/Gas Exploration) 1 of 1
Type (Divestiture) 1 of 1
Country (United States) 1 of 1
Year (2016) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Chesapeake Energy

Oklahoma City, Oklahoma, United States
Category Company
Founded 1989
Sector Oil/Gas Exploration
Employees1,000
Revenue 7.8B USD (2023)
DESCRIPTION

Chesapeake Energy produces natural gas and is a major producer of oil and natural gas liquids in the U.S., with an industry-leading portfolio of high-quality unconventional assets in top onshore plays. Chesapeake Energy was incorporated in 1989 and is based in Oklahoma City.

DEAL STATS #
Overall 8 of 9
Sector (Oil/Gas Exploration) 6 of 6
Type (Divestiture) 7 of 8
Country (United States) 8 of 9
Year (2016) 1 of 1
Size (of disclosed) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-24 Chesapeake Energy Corp - Crude Oil Trucking Assets

Oklahoma City, Oklahoma, United States

Chesapeake Energy Corp - Crude Oil Trucking Assets is a provider of energy services and equipment.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-30 WildHorse Resource Development

Houston, Texas, United States

WildHorse Resource Development Corp. s an independent oil and natural gas company focused on the acquisition, exploration, development, and production of oil, natural gas and NGL properties primarily in the Eagle Ford Shale and Austin Chalk in East Texas.

Buy $4.0B
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