M&A Deal Summary

New Times Acquires Tiger Energy Operating

On October 8, 2012, New Times acquired oil/gas exploration company Tiger Energy Operating from Tiger Energy Partners Utah Acq.

Acquisition Highlights
  • This is New Times’ 9th transaction in the Oil/Gas Exploration sector.
  • This is New Times’ 2nd transaction in the United States.
  • This is New Times’ 2nd transaction in Utah.

M&A Deal Summary

Date 2012-10-08
Target Tiger Energy Operating
Sector Oil/Gas Exploration
Buyer(s) New Times
Sellers(s) Tiger Energy Partners Utah Acq.
Deal Type Divestiture

Target

Tiger Energy Operating

Utah, United States
Tiger Energy Operating LLC owns and operates oil and gas leases.Tiger Energy Operating LLC operates as a subsidiary of New Times Energy Corporation Limited.

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Buyer(S) 1

Buyer

New Times

Hong Kong, China

Category Company
Founded 1998
Sector Oil/Gas Exploration
Employees142
Revenue 26.2B HKD (2023)
DESCRIPTION

New Times is an integrated natural resources company engaged in the acquisition, development and operation of oil & gas projects in Argentina, the U.S and China. New Times was founded in 1998 and is based in Central, Hong Kong.


DEAL STATS #
Overall 9 of 11
Sector (Oil/Gas Exploration) 9 of 11
Type (Divestiture) 1 of 1
State (Utah) 2 of 2
Country (United States) 2 of 2
Year (2012) 6 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-10-08 Tiger Energy Partners Utah Acq.

Utah, United States

Tiger Energy Partners Utah Acq LLC provides oil and gas services. The Company offers the exploration and production of oil and gas products. Tiger Energy Partners Utah Acq primarily operates in the United States.

Buy HK$54M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-11-13 LNG Project

Liupanshui City, China

LNG Project includes 15 LNG/CNG stations and gas supply to 5 industrial parks and 73,500 households. The construction of 2 out of 15 LNG/CNG stations has been completed.

Buy CN¥80M

Seller(S) 1

SELLER

Tiger Energy Partners Utah Acq.

Utah, United States

Category Company
Sector Oil/Gas Exploration
DESCRIPTION

Tiger Energy Partners Utah Acq LLC provides oil and gas services. The Company offers the exploration and production of oil and gas products. Tiger Energy Partners Utah Acq primarily operates in the United States.


DEAL STATS #
Overall 1 of 1
Sector (Oil/Gas Exploration) 1 of 1
Type (Divestiture) 1 of 1
State (Utah) 1 of 1
Country (United States) 1 of 1
Year (2012) 1 of 1