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 4th 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
Founded 2006
Sector Oil/Gas Exploration
Employees49
Revenue 2.2B USD (2024)
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 was founded in 2006 and is based in Minnetonka, Minnesota.


DEAL STATS #
Overall 1 of 9
Sector: Oil/Gas Exploration M&A 1 of 9
Type: Divestiture M&A Deals 1 of 3
State: North Dakota M&A 1 of 1
Country: United States M&A 1 of 9
Year: 2018 M&A 1 of 2
Size (of disclosed) 4 of 4
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 M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: North Dakota M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2018 M&A 1 of 1
Size (of disclosed) 1 of 1