Investment Summary |
|
|---|---|
| Date | 2024-07-28 |
| Target | Point Energy Partners - Delaware Basin Assets |
| Sector | Oil/Gas Exploration |
| Investor(s) |
NOG
Vital Energy |
| Sellers(s) | PetroPoint Energy Partners |
| Deal Type | Stake Purchase |
SEARCH BY
| Category | Company |
|---|---|
| Founded | 2006 |
| Sector | Oil/Gas Exploration |
| Employees | 49 |
| Revenue | 2.2B USD (2024) |
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 | 8 of 9 |
| Sector: Oil/Gas Exploration M&A | 8 of 9 |
| Type: Stake Purchase M&A Deals | 2 of 2 |
| Country: United States M&A | 8 of 9 |
| Year: 2024 M&A | 2 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-06-27 |
XCL Resources
Houston, Texas, United States XCL Resources is a private oil and gas company focused on maximizing risk-adjusted returns on assets that require efficient development. XCL Resources is based in Houston, Texas. |
Buy | $2.6B |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-10-01 |
X2 Resources
Houston, Texas, United States X2 Resources is an energy company specializing in large-scale oil and gas development projects. X2 Resources is based in Houston, Texas. |
Buy | $2.6B |
| Category | Company |
|---|---|
| Founded | 2006 |
| Sector | Energy Services and Equipment |
| Revenue | 2.0B USD (2024) |
Vital Energy is an independent energy company focused on the acquisition, exploration, and development of oil and natural gas properties. Vital Energy was founded in 2006 and is based in Tulsa, Oklahoma.
| DEAL STATS | # |
|---|---|
| Overall | 6 of 7 |
| Sector: Oil/Gas Exploration M&A | 6 of 7 |
| Type: Stake Purchase M&A Deals | 1 of 1 |
| Country: United States M&A | 6 of 7 |
| Year: 2024 M&A | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-05-12 |
Forge Energy II
San Antonio, Texas, United States Forge Energy II is an exploration and production company focused on the acquisition and development of horizontal resource plays in the Lower 48. Forge Energy II is based in San Antonio, Texas. |
Buy | $540M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-09-11 |
Tumbleweed Royalty IV
Fort Worth, Texas, United States Tumbleweed Royalty IV is a company focused on mineral, royalty and overriding royalty acquisitions in the Permian Basin. Tumbleweed Royalty IV is based in Fort Worth, Texas. |
Buy | $461M |
| Category | Company |
|---|---|
| Founded | 2012 |
| Sector | Oil/Gas Exploration |
PetroPoint Energy Partners, LP ("PetroPoint") is a Delaware limited partnership that was formed in 2012 to acquire oil and natural gas properties in North America. PetroPoint currently pursues a strategy to acquire and exploit mature conventional onshore assets with lower risk and steady cash flow.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 1 |
| Sector: Oil/Gas Exploration M&A | 1 of 1 |
| Type: Stake Purchase M&A Deals | 1 of 1 |
| Country: United States M&A | 1 of 1 |
| Year: 2024 M&A | 1 of 1 |
