M&A Deal Summary

MarkWest Energy Partners Acquires Gathering Assets - Pittsburg

On August 6, 2008, MarkWest Energy Partners acquired oil/gas exploration company Gathering Assets - Pittsburg from PetroQuest Energy for 41M USD

Acquisition Highlights
  • This is MarkWest Energy Partners’ 1st transaction in the Oil/Gas Exploration sector.
  • This is MarkWest Energy Partners’ 2nd largest (disclosed) transaction.
  • This is MarkWest Energy Partners’ 1st transaction in the United States.
  • This is MarkWest Energy Partners’ 1st transaction in Oklahoma.

M&A Deal Summary
Date 2008-08-06
Target Gathering Assets - Pittsburg
Sector Oil/Gas Exploration
Buyer(s) MarkWest Energy Partners
Sellers(s) PetroQuest Energy
Deal Type Divestiture
Deal Value 41M USD

Target

Gathering Assets - Pittsburg

Pittsburg, Oklahoma, United States
Gathering Assets - primarily located in Pittsburg County in Southeast Oklahoma., which are currently producing approximately 45 million cubic feet of gas per day.

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Buyer(S) 1

Buyer

MarkWest Energy Partners

Denver, Colorado, United States
Category Company
Founded 1988
Sector Energy Services and Equipment
Employees1,404
Revenue 2.2B USD (2014)
DESCRIPTION

MarkWest Energy Partners L.P. is a master limited partnership that owns and operates midstream service businesses. MarkWest Energy Partners was founded in 1988 and is based in Denver, Colorado.

DEAL STATS #
Overall 1 of 3
Sector (Oil/Gas Exploration) 1 of 2
Type (Divestiture) 1 of 2
State (Oklahoma) 1 of 2
Country (United States) 1 of 3
Year (2008) 1 of 1
Size (of disclosed) 2 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-07-01 Arkoma Pipeline Partners

Bennington, Oklahoma, United States

Arkoma Pipeline Partners, LLC owns a 50% interest in the Arkoma Connector Pipeline. The Arkoma Connector is a 50-mile pipeline connecting gas produced in the Woodford Shale to the Mid-Continent Express and Gulf Crossing pipelines. The Pipeline, which begins commercial operations in June 2009, is expected to have an initial throughput capacity of 580 MMcf/d.

Buy -

Seller(S) 1

SELLER

PetroQuest Energy

Lafayette, Louisiana, United States
Category Company
Founded 1983
Sector Oil/Gas Exploration
Employees119
Revenue 67M USD (2016)
DESCRIPTION

PetroQuest Energy, Inc. is an energy company engages in the exploration, development, acquisition, and production of oil and natural gas reserves. PetroQuest Energy was founded in 1983 and is based in Lafayette, Louisiana.

DEAL STATS #
Overall 1 of 1
Sector (Oil/Gas Exploration) 1 of 1
Type (Divestiture) 1 of 1
State (Oklahoma) 1 of 1
Country (United States) 1 of 1
Year (2008) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-06-19 Shallow Water Gulf Of Mexico Assets

Mexico

Buy $193M
Mergr

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