Investment Summary

Murphy Oil and Callon Petroleum Invest In Medusa Spar

On April 16, 2002, Murphy Oil and Callon Petroleum invested in oil/gas exploration company Medusa Spar

Investment Highlights
  • This is Murphy Oil’s 2nd and Callon Petroleum’s 1st transaction in the Oil/Gas Exploration sector.
  • This is Murphy Oil’s 1st and Callon Petroleum’s 1st transaction in the United States.
  • This is Murphy Oil’s 1st and Callon Petroleum’s 1st transaction in Mississippi.

Investment Summary
Date 2002-04-16
Target Medusa Spar
Sector Oil/Gas Exploration
Investor(s) Murphy Oil
Callon Petroleum
Deal Type Stake Purchase

Target

Medusa Spar

Canyon,, Mississippi, United States
Medusa Spar LLC is a limited liability company .The Company owns a 75% undivided ownership position in the spar production platform moored in over 2,200 feet of water on the Medusa field in the Gulf of Mexico, Mississippi Canyon Block 582.

Search 199,713 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Investor(S) 2

Investor

Murphy Oil

Houston, Texas, United States
Category Company
Founded 1950
Sector Oil/Gas Exploration
Employees725
Revenue 3.4B USD (2023)
DESCRIPTION

Murphy Oil is an international oil and gas provider committed to exploration, devoted to an innovative Global Offshore strategy, and steadfast in the efficient growth of our North American Onshore interests. Murphy Oil was founded in 1950 and is based in Houston, Texas.

DEAL STATS #
Overall 2 of 4
Sector (Oil/Gas Exploration) 2 of 4
Type (Stake Purchase) 1 of 1
State (Mississippi) 1 of 1
Country (United States) 1 of 3
Year (2002) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-10-01 Beau Canada Exploration

Calgary, Alberta, Canada

Beau Canada Exploration Ltd. is a provider of oil and gas exploration services.

Buy $255M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-10-01 Ethanol Plant - Hankinson

Hankinson, North Dakota, United States

Ethanol Plant - Hankinson is a provider of oil and gas exploration services.

Buy $92M
Investor

Callon Petroleum

Houston, Texas, United States
Category Company
Founded 1950
Sector Oil/Gas Exploration
Revenue 3.2B USD (2022)
DESCRIPTION

Callon Petroleum is an independent energy company focused on the acquisition, development, exploration, and operation of oil and gas properties in the Permian Basin in West Texas. Callon Petroleum was incorporated in 1950 and is based in Houston, Texas.

DEAL STATS #
Overall 1 of 3
Sector (Oil/Gas Exploration) 1 of 3
Type (Stake Purchase) 1 of 1
State (Mississippi) 1 of 1
Country (United States) 1 of 3
Year (2002) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-08 Callon Petroleum - Non-Core Assets

Natchez, Mississippi, United States

Callon Petroleum Co. - Non-Core Assets comprises operating area in the southern Midland Basin which includes approximately 9,850 net Wolfcamp acres (66% working interest), over 80 currently producing horizontal wells that have been drilled since 2012 and 70 net, delineated locations that exceed internal threshold of an IRR of greater than 25% at strip pricing. Daily production from these assets averaged approximately 4,000 Boe/d (52% oil) in February 2019. Our capital plans for the year are unchanged as there was no planned activity in the Ranger area for 2019.

Sell $320M
Mergr

Product

Company

Legal