M&A Deal Summary

Natural Gas Partners Acquires Confluence Resources

On September 1, 2016, private equity firm Natural Gas Partners acquired oil/gas exploration company Confluence Resources

Acquisition Highlights
  • This is Natural Gas Partners’ 27th transaction in the Oil/Gas Exploration sector.
  • This is Natural Gas Partners’ 33rd transaction in the United States.
  • This is Natural Gas Partners’ 6th transaction in Colorado.

M&A Deal Summary
Date 2016-09-01
Target Confluence Resources
Sector Oil/Gas Exploration
Buyer(s) Natural Gas Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Confluence Resources

Denver, Colorado, United States
Confluence Resources is an oil and natural gas acquisition and development company focused on the DJ Basin. Confluence Resources was founded in 2016 and is based in Denver, Colorado.

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Buyer(S) 1

Buyer

Natural Gas Partners

Dallas, Texas, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1988
PE ASSETS 20.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Natural Gas Partners is a specialist private equity firm focused on investments in the energy industry. The Firm looks for opportunities in oil and gas production, as well as midstream and oilfield service companies. Natural Gas Partners will also consider start-up company investments. The Firm's investments range from $20 to $100 million. Natural Gas Partners is an affiliate of energy investment firm NGP Energy Capital Management. The Group was formed in 1988 and is headquartered in Irving, Texas with additional offices in Houston; Santa Fe, New Mexico; Stamford, Connecticut; and London.

DEAL STATS #
Overall 39 of 59
Sector (Oil/Gas Exploration) 27 of 38
Type (Buyout (LBO, MBO, MBI)) 20 of 24
State (Colorado) 6 of 9
Country (United States) 33 of 51
Year (2016) 9 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-01 Wing Resources

Dallas, Texas, United States

Wing Resources is a Permian Basin focused mineral and royalty acquisition company. Wing's assets cover more than 200,000 gross and over 4,000 wells throughout the Midland Basin and Delaware Basin of West Texas and New Mexico. Wing’s long-term investment strategy allows it to offer large lump-sum payments up front. Wing is different from most traditional brokers, which lack both the capital resources and investment horizon to be able to offer mineral owners a fair deal for their assets. Wing Resources was founded in 2016 and is based in Dallas, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-01 Camino Natural Resources

Denver, Colorado, United States

Camino Natural Resources is an independent oil and natural gas acquisition and development company with an operational focus in the Mid-continent region. Camino Natural Resources is based in Denver, Colorado.

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