M&A Deal Summary

NRP Acquires Sundance Energy - Williston Basin Phoenix Prospect

On October 31, 2013, NRP acquired oil/gas exploration company Sundance Energy - Williston Basin Phoenix Prospect from Sundance Energy for 36M USD

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

M&A Deal Summary
Date 2013-10-31
Target Sundance Energy - Williston Basin Phoenix Prospect
Sector Oil/Gas Exploration
Buyer(s) NRP
Sellers(s) Sundance Energy
Deal Type Divestiture
Deal Value 36M USD

Target

Sundance Energy - Williston Basin Phoenix Prospect

Watford City,, North Dakota, United States
Williston Basin Phoenix Prospect is an oil and gas reserve and produces 25-30 barrels of oil per day.

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Buyer(S) 1

Buyer

NRP

Houston, Texas, United States
Category Company
Founded 2002
Sector Energy Services and Equipment
Revenue 294M USD (2023)
DESCRIPTION

NRP is a diversified natural resource company that owns interests in oil and gas, coal, aggregates, and industrial minerals. NRP was founded in 2002 and is based in Houston, Texas.

DEAL STATS #
Overall 2 of 3
Sector (Oil/Gas Exploration) 1 of 1
Type (Divestiture) 1 of 1
State (North Dakota) 1 of 1
Country (United States) 2 of 3
Year (2013) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-03-10 East Tennessee Materials

Columbus, Indiana, United States

East Tennessee Materials LLC is a limestone mining operation located in Calhoun, Tennessee.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-01 VantaCore Partners

Philadelphia, Pennsylvania, United States

VantaCore Partners LLC is a producer of crushed stone, sand, and gravel for infrastructure, energy, commercial, residential, and other markets. VantaCore Partners is based in Philadelphia, Pennsylvania.

Buy -

Seller(S) 1

SELLER

Sundance Energy

Denver, Colorado, United States
Category Company
Founded 2004
Sector Oil/Gas Exploration
Revenue 204M USD (2019)
DESCRIPTION

Sundance Energy is a US oil and gas producer, with extensive experience and a strategy for sustainable, systematic expansion. Sundance Energy was founded in 2004 and is based in Denver, Colorado.

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 (2013) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-07 Logan County Reserves

United States

Logan County Reserves comprises oil and gas reserves covering an area of 10000 net mineral acres in Logan County.

Buy $6M
Mergr

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