M&A Deal Summary

HighPoint Resources Acquires Fifth Creek Energy Company

On December 5, 2017, HighPoint Resources acquired oil/gas exploration company Fifth Creek Energy Company from Natural Gas Partners for 649M USD

Acquisition Highlights
  • This is HighPoint Resources’ 1st transaction in the Oil/Gas Exploration sector.
  • This is HighPoint Resources’ largest (disclosed) transaction.
  • This is HighPoint Resources’ 1st transaction in the United States.
  • This is HighPoint Resources’ 1st transaction in Colorado.

M&A Deal Summary

Date 2017-12-05
Target Fifth Creek Energy Company
Sector Oil/Gas Exploration
Buyer(s) HighPoint Resources
Sellers(s) Natural Gas Partners
Deal Type Merger
Deal Value 649M USD
Advisor(s) Credit Suisse Investment Banking (Financial)
Vinson & Elkins (Legal)

Target

Fifth Creek Energy Company

Greenwood Village, Colorado, United States
Fifth Creek Energy Company LLC is an independent oil and natural gas company.

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Buyer(S) 1

Buyer

HighPoint Resources

Denver, Colorado, United States

Category Company
Sector Oil/Gas Exploration
Revenue 250M USD (2020)
DESCRIPTION

HighPoint Resources is an exploration and production company focused on the development of oil and natural gas assets located in the Denver-Julesburg Basin of Colorado. The Company's assets are located in the NE Wattenberg and Hereford Fields and in rural settings that are favorable for oil development.


DEAL STATS #
Overall 1 of 1
Sector (Oil/Gas Exploration) 1 of 1
Type (Merger) 1 of 1
State (Colorado) 1 of 1
Country (United States) 1 of 1
Year (2017) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Natural Gas Partners

Dallas, Texas, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1988
PE ASSETS 20.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Natural Gas Partners is a specialist private equity firm focused on investments in the energy industry. The Firm looks for opportunities in oil and gas production, as well as midstream and oilfield service companies. Natural Gas Partners will also consider start-up company investments. The Firm's investments range from $20 to $100 million. Natural Gas Partners is an affiliate of energy investment firm NGP Energy Capital Management. The Group was formed in 1988 and is headquartered in Irving, Texas with additional offices in Houston; Santa Fe, New Mexico; Stamford, Connecticut; and London.


DEAL STATS #
Overall 12 of 13
Sector (Oil/Gas Exploration) 8 of 9
Type (Merger) 1 of 1
State (Colorado) 2 of 2
Country (United States) 11 of 12
Year (2017) 2 of 2
Size (of disclosed) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-01 Mallard Exploration

Denver, Colorado, United States

Mallard Exploration is an upstream oil and gas acquisition and development company. Mallard Exploration is based in Denver, Colorado.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-09 Trilogy Midstream

Houston, Texas, United States

Trilogy Midstream develops natural gas, NGL and crude transportation infrastructure in North America to provide markets and end-users with competitive, reliable transportation solutions. Trilogy Midstream was formed in 2017 and is based in Houston, Texas.

Buy -