M&A Deal Summary

Northwoods Energy Acquires SM Energy - Core Powder River Basin Assets

On January 10, 2018, Northwoods Energy acquired oil/gas exploration company SM Energy - Core Powder River Basin Assets from SM Energy

Acquisition Highlights
  • This is Northwoods Energy’s 1st transaction in the Oil/Gas Exploration sector.
  • This is Northwoods Energy’s 1st transaction in the United States.
  • This is Northwoods Energy’s 1st transaction in Colorado.

M&A Deal Summary
Date 2018-01-10
Target SM Energy - Core Powder River Basin Assets
Sector Oil/Gas Exploration
Buyer(s) Northwoods Energy
Sellers(s) SM Energy
Deal Type Divestiture

Target

SM Energy - Core Powder River Basin Assets

Denver, Colorado, United States
SM Energy Co. - Core Powder River Basin Assets comprises of over 112,200 predominantly contiguous net acres of leasehold in Converse, Campbell, and Johnson counties in Wyoming.

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Buyer(S) 1

Buyer

Northwoods Energy

Columbus, Ohio, United States
Category Company
Founded 1983
Sector Oil/Gas Exploration
DESCRIPTION

Northwoods Energy is an upstream oil & gas company Specializing in purchasing older, neglected wells and leases, Northwood looks carefully at the geologic potential of each marginal well and develops a plan to maximize energy production while reusing and recycling raw materials from the existing well. Northwoods Energy was founded in 1983 and is based in Columbus, Ohio.

DEAL STATS #
Overall 1 of 1
Sector (Oil/Gas Exploration) 1 of 1
Type (Divestiture) 1 of 1
State (Colorado) 1 of 1
Country (United States) 1 of 1
Year (2018) 1 of 1

Seller(S) 1

SELLER

SM Energy

Denver, Colorado, United States
Category Company
Founded 1908
Sector Oil/Gas Exploration
Employees544
Revenue 2.4B USD (2023)
DESCRIPTION

SM Energy is a provider of oil and gas exploration services across North America. SM Energy was founded in 1908 and is based in Denver, Colorado.

DEAL STATS #
Overall 3 of 3
Sector (Oil/Gas Exploration) 1 of 1
Type (Divestiture) 3 of 3
State (Colorado) 2 of 2
Country (United States) 3 of 3
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-08 Rock Oil Holdings

Denver, Colorado, United States

Rock Oil Holdings LLC is a developer oil and gas reserves in the Eagle Ford Shale trend in south Texas.

Buy $980M
Mergr

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