M&A Deal Summary

Marubeni Offshore Production Acquires Gulf of Mexico

On February 26, 2006, Marubeni Offshore Production acquired oil/gas exploration company Gulf of Mexico from Pioneer Natural Resources USA for 1.2B USD

Acquisition Highlights
  • This is Marubeni Offshore Production’s 1st transaction in the Oil/Gas Exploration sector.
  • This is Marubeni Offshore Production’s largest (disclosed) transaction.
  • This is Marubeni Offshore Production’s 1st transaction in the United States.

M&A Deal Summary
Date 2006-02-26
Target Gulf of Mexico
Sector Oil/Gas Exploration
Buyer(s) Marubeni Offshore Production
Sellers(s) Pioneer Natural Resources USA
Deal Type Divestiture
Deal Value 1.2B USD

Target

Gulf of Mexico

United States
The Gulf of Mexico area, both onshore and offshore, is one of the most important regions for energy resources and infrastructure. Gulf of Mexico federal offshore oil production accounts for 23 percent of total U.S. crude oil production and federal offshore natural gas production in the Gulf accounts for 7 percent of total U.S. dry production.

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Buyer(S) 1

Buyer

Marubeni Offshore Production

Houston,, Texas, United States
Category Company
Sector Oil/Gas Exploration
DESCRIPTION

Marubeni Offshore Production (USA) Inc.operates oil and gas exploration and production reserves.

DEAL STATS #
Overall 1 of 1
Sector (Oil/Gas Exploration) 1 of 1
Type (Divestiture) 1 of 1
Country (United States) 1 of 1
Year (2006) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Pioneer Natural Resources USA

Irving, Texas, United States
Category Company
Founded 1993
Sector Oil/Gas Exploration
Employees950
DESCRIPTION

Pioneer Natural Resources USA, Inc. provides oil and gas exploration and production services.

DEAL STATS #
Overall 1 of 1
Sector (Oil/Gas Exploration) 1 of 1
Type (Divestiture) 1 of 1
Country (United States) 1 of 1
Year (2006) 1 of 1
Size (of disclosed) 1 of 1
Mergr

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