M&A Deal Summary

Lime Rock Resources Acquires West Stanley

On October 1, 2014, private equity firm Lime Rock Resources acquired oil/gas exploration company West Stanley

Acquisition Highlights
  • This is Lime Rock Resources’ 2nd transaction in the Oil/Gas Exploration sector.
  • This is Lime Rock Resources’ 3rd transaction in the United States.
  • This is Lime Rock Resources’ 1st transaction in North Dakota.

M&A Deal Summary
Date 2014-10-01
Target West Stanley
Sector Oil/Gas Exploration
Buyer(s) Lime Rock Resources
Deal Type Buyout (LBO, MBO, MBI)

Target

West Stanley

North Dakota, United States
West Stanley is a portfolio of oil-weighted assets in Williston Basin.

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Buyer(S) 1

Buyer

Lime Rock Resources

Houston, Texas, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2005
PE ASSETS 2.9B USD
Size Large
Type Sector Focused
DESCRIPTION

Lime Rock Resources, an affiliate of Lime Rock Partners, is a private investment firm formed to acquire, operate, and improve lower-risk oil and gas properties. The Group looks for assets throughout the US including mature fields as well as properties with some additional drilling opportunities. Lime Rock Resources was formed in 2005 and is based in Houston, Texas.

DEAL STATS #
Overall 4 of 5
Sector (Oil/Gas Exploration) 2 of 3
Type (Buyout (LBO, MBO, MBI)) 4 of 4
State (North Dakota) 1 of 1
Country (United States) 3 of 4
Year (2014) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-05-01 AccessESP

Houston, Texas, United States

AccessESP is a provider of unique rigless ESP conveyance solutions for the global oil industry. AccessESP has integrated two practical technologies into a solution that radically simplifies the conveyance of ESPs without the use of a rig. AccessESP clients maximize the value of ESP wells with greatly reduced intervention costs, minimized lost production, and full bore access to the reservoir. AccessESP is based in Houston, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-20 LRR Energy

Houston, Texas, United States

LRR Energy LP is a Delaware limited partnership formed in April 2011 by affiliates of Lime Rock Resources to operate, acquire, exploit and develop producing oil and natural gas properties in North America.

Sell $539M
Mergr

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