M&A Deal Summary |
|
|---|---|
| Date | 2010-06-15 |
| Target | CanEra Resources |
| Sector | Oil/Gas Exploration |
| Buyer(s) | Legacy Oil + Gas |
| Sellers(s) |
Riverstone Holdings
Natural Gas Partners |
| Deal Type | Add-on Acquisition |
| Deal Value | 500M USD |
| Advisor(s) | FirstEnergy Capital Corp. (Financial) |
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| Category | Company |
|---|---|
| Founded | 2005 |
| Sector | Oil/Gas Exploration |
| Employees | 171 |
Legacy Oil + Gas, Inc. is a light oil-weighted producer with approximately 22,000 boe/d of high-netback production, of which more than 15,000 boe/d is from conventional and unconventional plays in Crescent Point’s core southeast Saskatchewan, Manitoba and North Dakota areas.
| DEAL STATS | # |
|---|---|
| Overall | 3 of 8 |
| Sector (Oil/Gas Exploration) | 3 of 8 |
| Type (Add-on Acquisition) | 3 of 8 |
| State (Texas) | 1 of 1 |
| Country (United States) | 1 of 1 |
| Year (2010) | 1 of 1 |
| Size (of disclosed) | 1 of 7 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2009-11-02 |
Connaught Energy
Calgary, Alberta, Canada Connaught Energy Ltd. is a energy company pursuing conventional oil and gas in Western Canada as well as coalbed methane and natural gas from tight shales in Western Canada and the UK. |
Buy | $200M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2011-01-01 |
Villanova Resources
Calgary, Alberta, Canada Villanova Resources, Inc. is a provider of oil/gas exploration services. |
Buy | $124M |
| Category | Private Equity Firm |
|---|---|
| Founded | 2000 |
| PE ASSETS | 40.0B USD |
| Size | Mega |
| Type | Sector Focused |
Riverstone Holdings is a large specialist asset management and private equity firm focused on opportunities in the energy and power industry. Specific areas of interest include oil & gas exploration, midstream transportation/logistics, electric generation, energy & power service, power infrastructure, and energy & power technology. Riverstone Holdings was formed in 2000 and is based in New York, New York.
| DEAL STATS | # |
|---|---|
| Overall | 15 of 57 |
| Sector (Oil/Gas Exploration) | 5 of 20 |
| Type (Add-on Acquisition) | 5 of 30 |
| State (Texas) | 8 of 26 |
| Country (United States) | 13 of 42 |
| Year (2010) | 3 of 5 |
| Size (of disclosed) | 16 of 19 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2010-05-19 |
Coda Automotive
Los Angeles, California, United States Coda Automotive, Inc. manufactures zero-emission, all-electric, low-speed vehicles, under the branding, Miles Electric Vehicles, suited for fleet and neighborhood driving and is developing a highway speed, all-electric affordable sedan, under the branding Coda Automotive. Coda Automotive was founded in 2009 and is based in Los Angeles, California. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2010-06-28 |
Frontier Drilling ASA
Houston, Texas, United States Frontier Drilling ASA is an oil field services company focused on consolidating the niche market of conventionally moored drillships. The company also participates in the deepwater drilling and production market. |
Sell | $2.2B |
| Category | Private Equity Firm |
|---|---|
| Founded | 1988 |
| PE ASSETS | 20.0B USD |
| Size | Mega |
| Type | Sector Focused |
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 | 5 of 13 |
| Sector (Oil/Gas Exploration) | 3 of 9 |
| Type (Add-on Acquisition) | 1 of 3 |
| State (Texas) | 4 of 9 |
| Country (United States) | 5 of 12 |
| Year (2010) | 1 of 2 |
| Size (of disclosed) | 3 of 4 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2009-09-01 |
Resolute Energy
Denver, Colorado, United States Resolute Energy Corp. is an independent oil and gas company focused on the acquisition and development of unconventional oil and gas properties in the Delaware Basin portion of the Permian Basin of west Texas. Resolute Energy was founded in 2004 and is based in Denver, Colorado. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2010-07-23 |
Northern Blizzard Resources
Calgary, Alberta, Canada Northern Blizzard Resources is engaged in the exploration for and the acquisition, development and production of petroleum and natural gas reserves in western Canada. Northern Blizzard Resources was founded in 2009 and is based in Calgary, Alberta. |
Buy | - |
