Joint Venture • Oil/Gas Exploration

Lime Rock Partners Acquires Arena Exploration

On February 1, 2006, private equity firm Lime Rock Partners acquired oil/gas exploration company Arena Exploration

Acquisition Context
  • This is Lime Rock Partners’ 9th transaction in the Oil/Gas Exploration sector.
  • This is Lime Rock Partners’ 9th transaction in the United States.
  • This is Lime Rock Partners’ 5th transaction in Texas.
Investment Fate
  • Arena Exploration was sold to a strategic buyer in 2013.

Explore All 42 Joint Venture Oil/Gas Exploration Deals - Search the Database Free


M&A Deal Summary

Date February 1, 2006
Target Arena Exploration
Sector Oil/Gas Exploration
Buyer(s) Lime Rock Partners
Deal Type Joint Venture

Target Company

Arena Exploration

Houston, Texas, United States
Arena Exploration is a joint venture of Lime Rock Partners and Arena Energy to finance oil and gas exploration and development projects in the Gulf of Mexico.
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Buyer Overview 1

Buyer

Lime Rock Partners

Westport, Connecticut, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1998
PE ASSETS 10.4B USD
Size Mega
Type Sector Focused
DESCRIPTION

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 Context for Buyer #
Overall 26 of 92
Sector: Oil/Gas Exploration 9 of 40
Type: Joint Venture 2 of 6
State: Texas 5 of 30
Country: United States 9 of 51
Year: 2006 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-02-01 Roxar ASA

Stavanger, Norway

Roxar is an international provider of products and associated services for reservoir management and production optimization. Its primary products and services are multiphase subsea meters and reservoir management software.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-02-06 U.S. Exploration Holdings

Billings, Montana, United States

U.S. Exploration Holdings, Inc. is an oil and gas producing company with operations focused on developing natural gas reserves in the Denver-Julesburg basin of Colorado.

Sell $411M