M&A Deal Summary

NOG Acquires Pivotal Petroleum Partners - North Dakota Business

On July 18, 2018, NOG acquired oil/gas exploration company Pivotal Petroleum Partners - North Dakota Business from Pivotal Petroleum for 68M USD

Acquisition Highlights
  • This is NOG’s 1st transaction in the Oil/Gas Exploration sector.
  • This is NOG’s 2nd largest (disclosed) transaction.
  • This is NOG’s 1st transaction in the United States.
  • This is NOG’s 1st transaction in North Dakota.

M&A Deal Summary
Date 2018-07-18
Target Pivotal Petroleum Partners - North Dakota Business
Sector Oil/Gas Exploration
Buyer(s) NOG
Sellers(s) Pivotal Petroleum
Deal Type Divestiture
Deal Value 68M USD

Target

Pivotal Petroleum Partners - North Dakota Business

North Dakota, United States
Pivotal Petroleum Partners LP - North Dakota Business producing over 4,100 barrels of oil equivalent (“Boe”) per day. The asset, primarily a large package of producing wells.

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Buyer(S) 1

Buyer

NOG

Minnetonka, Minnesota, United States
Category Company
Sector Oil/Gas Exploration
Employees38
Revenue 1.9B USD (2023)
DESCRIPTION

NOG is an exploration and production company with a core area of focus in the Williston Basin Bakken and Three Forks play in North Dakota and Montana. NOG is based in Minnetonka, Minnesota.

DEAL STATS #
Overall 1 of 6
Sector (Oil/Gas Exploration) 1 of 6
Type (Divestiture) 1 of 3
State (North Dakota) 1 of 1
Country (United States) 1 of 6
Year (2018) 1 of 2
Size (of disclosed) 2 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-31 W Energy Partners

Dallas, Texas, United States

W Energy Partners is an E&P company that acquires non-operated working interests in acreage and producing wells in the core of the Williston Basin in North Dakota. W Energy Partners is based in Dallas, Texas.

Buy -

Seller(S) 1

SELLER

Pivotal Petroleum

Dallas, Texas, United States
Category Company
Founded 2013
Sector Oil/Gas Exploration
DESCRIPTION

Pivotal Petroleum operates as an oil and gas company. The Company focuses on developing relationships with operators that have a strong base of experience in their respective plays. Pivotal Petroleum was founded in 2013 and is based in Dallas, Texas.

DEAL STATS #
Overall 1 of 1
Sector (Oil/Gas Exploration) 1 of 1
Type (Divestiture) 1 of 1
State (North Dakota) 1 of 1
Country (United States) 1 of 1
Year (2018) 1 of 1
Size (of disclosed) 1 of 1
Mergr

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