M&A Deal Summary

Maverick Natural Resources Acquires QR Energy

On July 24, 2014, Maverick Natural Resources acquired oil/gas exploration company QR Energy for 3.0B USD

Acquisition Highlights
  • This is Maverick Natural Resources’ 1st transaction in the Oil/Gas Exploration sector.
  • This is Maverick Natural Resources’ largest (disclosed) transaction.
  • This is Maverick Natural Resources’ 1st transaction in the United States.
  • This is Maverick Natural Resources’ 1st transaction in Texas.

M&A Deal Summary
Date 2014-07-24
Target QR Energy
Sector Oil/Gas Exploration
Buyer(s) Maverick Natural Resources
Deal Type Add-on Acquisition
Deal Value 3.0B USD
Advisor(s) RBC Capital Markets
Greenhill & Co., Inc. (Financial)
Vinson & Elkins (Legal)

Target

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.

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Buyer(S) 1

Buyer

Maverick Natural Resources

Houston, Texas, United States
Category Company
Sector Oil/Gas Exploration
Revenue 670M USD (2015)
DESCRIPTION

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 is based in Houston, Texas.

DEAL STATS #
Overall 1 of 2
Sector (Oil/Gas Exploration) 1 of 2
Type (Add-on Acquisition) 1 of 1
State (Texas) 1 of 2
Country (United States) 1 of 2
Year (2014) 1 of 1
Size (of disclosed) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-28 ConocoPhillips - Permian Basin

Houston, Texas, United States

ConocoPhillips's Permian Basin produces over 11,000 boepd (50% oil) from the Central Basin Platform and Northwest Shelf.

Buy $440M
Mergr

Product

Company

Legal