1. Home >
  2. M&A >
  3. Divestiture >
  4. United States >
  5. Texas >
  6. Newport Petroleum Acquires Collins & Ware

M&A Deal Summary

Newport Petroleum Acquires Collins & Ware

On January 22, 1999, Newport Petroleum acquired oil/gas exploration company Collins & Ware from Union Pacific Resources Group for 138M USD

Acquisition Highlights
  • This is Newport Petroleum’s 2nd transaction in the Oil/Gas Exploration sector.
  • This is Newport Petroleum’s largest (disclosed) transaction.
  • This is Newport Petroleum’s 1st transaction in the United States.
  • This is Newport Petroleum’s 1st transaction in Texas.
Investment Fate
  • Collins & Ware was divested to a consortium of strategic buyers in 2000.

M&A Deal Summary
Date 1999-01-22
Target Collins & Ware
Sector Oil/Gas Exploration
Buyer(s) Newport Petroleum
Sellers(s) Union Pacific Resources Group
Deal Type Divestiture
Deal Value 138M USD

Target

Collins & Ware

Midland,, Texas, United States
Collins & Ware, Inc. owns and operates oil and gas wells in Texas. Company engages in production of oil and gas.

Search 214,239 Deals Now

SEARCH BY

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

Try Free

Buyer(S) 1

Buyer

Newport Petroleum

Calgary, Alberta, Canada
Category Company
Sector Oil/Gas Exploration
DESCRIPTION

Newport Petroleum Corporation explores for, develops, and produces oil and gas. The Company operates in British Columbia and Alberta, Canada.

DEAL STATS #
Overall 2 of 2
Sector: Oil/Gas Exploration M&A 2 of 2
Type: Divestiture M&A Deals 2 of 2
State: Texas M&A 1 of 1
Country: United States M&A 1 of 1
Year: 1999 M&A 2 of 2
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-01-22 Caroline Swan Hills Gas Unit

Canada

Caroline Swan Hills Gas Unit comprises a gas field and associated processing facilities.

Buy CA$165M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2000-07-05 Collins & Ware

Midland,, Texas, United States

Collins & Ware, Inc. owns and operates oil and gas wells in Texas. Company engages in production of oil and gas.

Sell -

Seller(S) 1

SELLER

Union Pacific Resources Group

Houston,, Texas, United States
Category Company
Sector Oil/Gas Exploration
DESCRIPTION

Union Pacific Resources Group, explores and produces natural gas, natural gas liquids, and crude oil.

DEAL STATS #
Overall 2 of 2
Sector: Oil/Gas Exploration M&A 2 of 2
Type: Divestiture M&A Deals 2 of 2
State: Texas M&A 1 of 1
Country: United States M&A 1 of 1
Year: 1999 M&A 2 of 2
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-01-22 Caroline Swan Hills Gas Unit

Canada

Caroline Swan Hills Gas Unit comprises a gas field and associated processing facilities.

Sell CA$165M
Mergr

Solution for

Product

Company

Legal