M&A Deal Summary

Kerr-McGee Acquires Westport Resources

On April 6, 2004, Kerr-McGee acquired oil/gas exploration company Westport Resources for 3.4B USD

Acquisition Highlights
  • This is Kerr-McGee’s 3rd transaction in the Oil/Gas Exploration sector.
  • This is Kerr-McGee’s largest (disclosed) transaction.
  • This is Kerr-McGee’s 3rd transaction in the United States.
  • This is Kerr-McGee’s 1st transaction in Colorado.

M&A Deal Summary
Date 2004-04-06
Target Westport Resources
Sector Oil/Gas Exploration
Buyer(s) Kerr-McGee
Deal Type Merger
Deal Value 3.4B USD

Target

Westport Resources

Denver, Colorado, United States
Westport is a natural gas exploration and acquisition company that operates in North Dakota, Wyoming, Oklahoma, Texas and Louisiana. It also has offshore properties in the Gulf of Mexico.

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Buyer(S) 1

Buyer

Kerr-McGee

The Woodlands, Texas, United States
Category Company
Founded 1929
Sector Oil/Gas Exploration
Employees3,865
DESCRIPTION

Kerr-McGee's largest property concentrations are in the deepwater Gulf of Mexico and onshore in the Rockies. Gulf of Mexico properties include 504 deepwater blocks encompassing seven operated and three non-operated producing fields, five operated and three non-operated discoveries in various stages of development, and four additional prospects that should be drilled this year.

DEAL STATS #
Overall 3 of 3
Sector (Oil/Gas Exploration) 3 of 3
Type (Merger) 1 of 1
State (Colorado) 1 of 1
Country (United States) 3 of 3
Year (2004) 1 of 1
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-05-14 HS Resources

San Francisco, California, United States

HS Resources, Inc. is an independent oil and gas exploration and production company with active exploration and development projects in the D-J Basin, Rocky Mountain and Gulf Coast regions of the United States.

Buy $1.7B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-11-21 Tronox Holdings

Stamford, Connecticut, United States

Tronox Holdings is a provider of mining, production and marketing of inorganic minerals and chemicals. Tronox Holdings is based in Stamford, Connecticut.

Sell -
Mergr

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