M&A Deal Summary |
|
---|---|
Date | 1998-01-01 |
Target | Marathon Ashland Petroleum |
Sector | Oil/Gas Exploration |
Buyer(s) |
Marathon Oil
Ashland |
Deal Type | Joint Venture |
SEARCH BY
Try For Free 7-Day Free Trial
Category | Company |
---|---|
Founded | 1886 |
Sector | Oil/Gas Exploration |
Employees | 1,700 |
Revenue | 6.4B USD (2023) |
Marathon Oil is an international oil exploration and production company. Marathon has net proved reserves of more then 2 billion barrels of oil equivalent across North America, Europe and Africa. Marathon Oil was formed in 1887 and is based in Houston, Texas.
DEAL STATS | # |
---|---|
Overall | 1 of 11 |
Sector (Oil/Gas Exploration) | 1 of 11 |
Type (Joint Venture) | 1 of 1 |
State (Ohio) | 1 of 2 |
Country (United States) | 1 of 8 |
Year (1998) | 1 of 2 |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
1998-05-29 |
Tarragon Oil & Gas
Calgary, Alberta, Canada Tarragon has exploration and production operations in Alberta, Sas- katchewan, British Columbia, and North Dakota.Tarragon Oil and Gas Limited is a Canadian oil and gas producer with balanced focus in natural gas, conventional crude oil and heavy crude oil. Current daily production is 210 million cubic feet of natural gas and 21,000 barrels of liquids. |
Buy | $1.1B |
Ashland is a global specialty chemicals company. Ashland has three reportable segments: Specialty Ingredients, Performance Materials, and Valvoline. Specialty Ingredients is a global provider of cellulose ethers, vinyl pyrrolidones, and biofunctionals. Performance Materials is composed of two divisions: Composites and Intermediates/Solvents. Performance Materials is a global provider of unsaturated polyester resins and vinyl ester resins. Ashland was founded in 1924 and is based in Wilmington, Delaware.
DEAL STATS | # |
---|---|
Overall | 1 of 7 |
Sector (Oil/Gas Exploration) | 1 of 1 |
Type (Joint Venture) | 1 of 1 |
State (Ohio) | 1 of 1 |
Country (United States) | 1 of 6 |
Year (1998) | 1 of 1 |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2006-08-21 |
Ashland Paving And Construction
Atlanta, Georgia, United States Ashland Paving And Construction, Inc. is an asphalt and heavy highway construction company with approximately 9,700 employees and extensive operations in 14 mid-western and southern states. |
Sell | $1.3B |