M&A Deal Summary |
|
|---|---|
| Date | 2024-12-10 |
| Target | Permian Resources - Natural Gas & Oil Gathering Systems |
| Sector | Oil/Gas Exploration |
| Buyer(s) | Kinetik |
| Sellers(s) | Permian Resources |
| Deal Type | Divestiture |
| Deal Value | 180M USD |
| Advisor(s) | Jefferies (Financial) Kirkland & Ellis (Legal) |
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| Category | Company |
|---|---|
| Founded | 2017 |
| Sector | Energy Services and Equipment |
| Employees | 330 |
| Revenue | 1.3B USD (2023) |
Kinetik is a fully integrated, pure-play, Permian-to-Gulf Coast midstream C-corporation operating in the Delaware Basin. Kinetik provides comprehensive gathering, transportation, compression, processing and treating services for companies that produce natural gas, natural gas liquids, crude oil, and water. Kinetik was founded in 2017 and is based in Houston, Texas.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 1 |
| Sector (Oil/Gas Exploration) | 1 of 1 |
| Type (Divestiture) | 1 of 1 |
| State (Texas) | 1 of 1 |
| Country (United States) | 1 of 1 |
| Year (2024) | 1 of 1 |
| Size (of disclosed) | 1 of 1 |
| Category | Company |
|---|---|
| Founded | 2015 |
| Sector | Oil/Gas Exploration |
| Employees | 461 |
| Revenue | 3.1B USD (2023) |
Permian Resources is a oil and natural gas company focused on generating outsized returns to our stakeholders through the responsible acquisition, optimization and development of oil and liquids-rich natural gas assets. Permian Resources was founded in 2015 and is based in Midland, Texas.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 1 |
| Sector (Oil/Gas Exploration) | 1 of 1 |
| Type (Divestiture) | 1 of 1 |
| State (Texas) | 1 of 1 |
| Country (United States) | 1 of 1 |
| Year (2024) | 1 of 1 |
| Size (of disclosed) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-11-01 |
Earthstone Energy
The Woodlands, Texas, United States Earthstone Energy is a growth-oriented independent oil and gas exploration and production company engaged in developing and acquiring oil and gas reserves through an active and diversified program that includes acquiring, drilling and developing undeveloped leases, asset and corporate acquisitions and exploration activities, with its primary assets located in the Eagle Ford trend of south Texas, the Midland Basin of west Texas, and the Williston Basin of North Dakota. Earthstone Energy was founded in 1969 and is based in The Woodlands, Texas. |
Buy | $4.5B |
