M&A Deal Summary

NGP and EnLink Midstream Acquire Lobo II

On August 1, 2016, private equity firm NGP and EnLink Midstream acquired oil/gas exploration company Lobo II

Acquisition Highlights
  • This is NGP’s 27th and EnLink Midstream’s 1st transaction in the Oil/Gas Exploration sector.
  • This is NGP’s 34th and EnLink Midstream’s 1st transaction in the United States.
  • This is NGP’s 22nd and EnLink Midstream’s 1st transaction in Texas.

M&A Deal Summary

Date 2016-08-01
Target Lobo II
Sector Oil/Gas Exploration
Buyer(s) NGP
EnLink Midstream
Deal Type Joint Venture

Target

Lobo II

Dallas, Texas, United States
Lobo II is a midstream oil and gas company based in Dallas, Texas.

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Buyer(S) 2

Buyer

NGP

Dallas, Texas, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1988
PE ASSETS 25.0B 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 40 of 80
Sector: Oil/Gas Exploration M&A 27 of 44
Type: Joint Venture M&A Deals 1 of 1
State: Texas M&A 22 of 42
Country: United States M&A 34 of 70
Year: 2016 M&A 9 of 10
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
2016-09-01 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.

Buy -
Buyer

EnLink Midstream

Dallas, Texas, United States

Category Company
Founded 2013
Sector Energy Services and Equipment
Employees1,072
Revenue 6.9B USD (2023)
DESCRIPTION

EnLink Midstream is an integrated midstream services across natural gas, crude oil, condensate, and NGL commodities. EnLink Midstream was founded in 2013 and is based in Dallas, Texas.


DEAL STATS #
Overall 1 of 3
Sector: Oil/Gas Exploration M&A 1 of 2
Type: Joint Venture M&A Deals 1 of 1
State: Texas M&A 1 of 3
Country: United States M&A 1 of 3
Year: 2016 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-22 EnLink Midstream Partners

Dallas, Texas, United States

EnLink Midstream Partners LP is a provider of midstream energy services to producers of natural gas, natural gas liquids, crude oil and condensate. EnLink Midstream Partners was formed in 1992 and is based in Dallas, Texas.

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