M&A Deal Summary |
|
|---|---|
| Date | 2023-02-06 |
| Target | Cor4 Oil |
| Sector | Oil/Gas Exploration |
| Buyer(s) | International Petroleum |
| Sellers(s) | Lime Rock Partners |
| Deal Type | Add-on Acquisition |
| Deal Value | 62M USD |
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| Category | Company |
|---|---|
| Founded | 2017 |
| Sector | Oil/Gas Exploration |
| Employees | 271 |
| Revenue | 913M USD (2024) |
International Petroleum is an international oil and gas exploration and production company with a high-quality portfolio of assets located in Europe and Southeast Asia, providing a solid foundation for organic and inorganic growth. International Petroleum was founded in 2017 and is headquartered in Vancouver, British Columbia.
| DEAL STATS | # |
|---|---|
| Overall | 4 of 4 |
| Sector: Oil/Gas Exploration M&A | 4 of 4 |
| Type: Add-on Acquisition M&A Deals | 3 of 3 |
| State: Alberta M&A | 4 of 4 |
| Country: Canada M&A | 4 of 4 |
| Year: 2023 M&A | 1 of 1 |
| Size (of disclosed) | 3 of 4 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-01-20 |
Granite Oil
Calgary, Alberta, Canada Granite Oil Corp. is a junior oil producer based in Calgary, Alberta, that owns and operates a large Alberta Bakken oil pool in southern Alberta discovered by Granite. |
Buy | $59M |
| Category | Private Equity Firm |
|---|---|
| Founded | 1998 |
| PE ASSETS | 10.4B USD |
| Size | Mega |
| Type | Sector Focused |
Lime Rock Partners is a private investment firm focused on growth capital investments in the energy industry. Specifically, Lime Rock looks for companies engaged in exploration & production, energy service, and oil service technology in North America and Europe. Lime Rock's target investment size is $50 to $150 million in businesses valued up to $500 million. Lime Rock Partners was formed in 1998 and is affiliated with Lime Rock Resources. Lime Rock Partners has offices in Westport, Connecticut; Aberdeen, Scotland; and Houston, Texas.
| DEAL STATS | # |
|---|---|
| Overall | 58 of 62 |
| Sector: Oil/Gas Exploration M&A | 21 of 23 |
| Type: Add-on Acquisition M&A Deals | 23 of 25 |
| State: Alberta M&A | 6 of 6 |
| Country: Canada M&A | 7 of 7 |
| Year: 2023 M&A | 1 of 5 |
| Size (of disclosed) | 14 of 15 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-11-29 |
Ardyne
Aberdeen , United Kingdom Ardyne delivers downhole products and services for plug and abandonment and slot recovery operations in the global oil and gas sector. Ardyne is focused on cutting operators’ costs and reclaiming rig time by bringing the right service approach and appropriate new technology to optimize end-of-field operations. Ardyne was founded in 2015 and is based in Aberdeen, Scotland. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-05-01 |
Prairie Energy
Englewood, Colorado, United States Prairie Energy is focused on acquiring minerals assets, and some non-op interests, across U.S. shale basins. Prairie Energy was founded in 2022 and is based in Englewood, Colorado. |
Buy | - |
