M&A Deal Summary |
|
|---|---|
| Date | 2022-01-28 |
| Target | ConocoPhillips - Permian Basin |
| Sector | Oil/Gas Exploration |
| Buyer(s) | Maverick Natural Resources |
| Sellers(s) | ConocoPhillips |
| Deal Type | Divestiture |
| Deal Value | 440M USD |
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| Category | Company |
|---|---|
| Founded | 1988 |
| Sector | Oil/Gas Exploration |
| Revenue | 670M USD (2015) |
Maverick Natural Resources focuses on the acquisition, development, and production of oil and gas properties throughout the United States. Maverick’s producing and non-producing crude oil and natural gas reserves are located in the following seven producing areas: Ark-La-Tex, Michigan/Indiana/Kentucky the Permian Basin, Mid-Continent, the Rockies, Florida, and California. Maverick Natural Resources was founded in 1988 and is based in Houston, Texas.
| DEAL STATS | # |
|---|---|
| Overall | 2 of 2 |
| Sector: Oil/Gas Exploration M&A | 2 of 2 |
| Type: Divestiture M&A Deals | 1 of 1 |
| State: Texas M&A | 2 of 2 |
| Country: United States M&A | 2 of 2 |
| Year: 2022 M&A | 1 of 1 |
| Size (of disclosed) | 2 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-07-24 |
QR Energy
Houston, Texas, United States QR Energy is a partnership engaged in the acquisition, production and development of onshore crude oil and natural gas properties in the United States. QR Energy is headquartered in Houston, Texas. |
Buy | $3.0B |
| Category | Company |
|---|---|
| Founded | 1917 |
| Sector | Oil/Gas Exploration |
| Employees | 11,800 |
| Revenue | 54.7B USD (2024) |
ConocoPhillips is an integrated energy company with operations and activities across the world. ConocoPhillips was incorporated in 1917 and is based in Houston, Texas.
| DEAL STATS | # |
|---|---|
| Overall | 10 of 11 |
| Sector: Oil/Gas Exploration M&A | 6 of 7 |
| Type: Divestiture M&A Deals | 9 of 10 |
| State: Texas M&A | 5 of 6 |
| Country: United States M&A | 9 of 10 |
| Year: 2022 M&A | 1 of 1 |
| Size (of disclosed) | 4 of 7 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-07-08 |
ConocoPhillips - Wind River Basin Assets
Houston, Texas, United States Wind River Basin Assets consists of PDP-heavy assets with a net production run rate of approximately 78 Mmcfe/d (100% gas), as of the effective date of the acquisition, and an expected 5% annual decline rate over the next 5 years. |
Sell | $67M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-05-29 |
Marathon Oil
Houston, Texas, United States 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. |
Buy | $22.5B |
