Add-on Acquisition • Oil/Gas Exploration

Ocean Energy Acquires Texoil

On March 1, 2001, Ocean Energy acquired oil/gas exploration company Texoil for 100M USD

Acquisition Context

This is Ocean Energy’s 1st transaction in the Oil/Gas Exploration sector.
This is Ocean Energy’s largest (disclosed) transaction.
This is Ocean Energy’s 1st transaction in the United States.
This is Ocean Energy’s 1st transaction in Texas.

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M&A Deal Summary
Date	March 1, 2001
Target	Texoil
Sector	Oil/Gas Exploration
Buyer(s)	Ocean Energy
Deal Type	Add-on Acquisition
Deal Value	100M USD

Target Company

Texoil

Houston, Texas, United States

Texoil, Inc. was an independent oil and gas company engaged in the acquisition of oil and gas reserves through a program, which included purchases of reserves, reengineering, development and exploration activities in Texas and Louisiana.

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Buyer Overview 1

Buyer

Ocean Energy

Houston, Texas, United States

Category	Company
Sector	Oil/Gas Exploration

DESCRIPTION

Ocean Energy, Inc. an independent oil and gas exploration and production company.

Deal Context for Buyer	#
Overall	1 of 1
Sector: Oil/Gas Exploration	1 of 1
Type: Add-on Acquisition	1 of 1
State: Texas	1 of 1
Country: United States	1 of 1
Year: 2001	1 of 1
Size (of disclosed)	1 of 1

Explore Related M&A Activity

Oil/Gas Exploration M&A - Add-on Acquisition M&A Deals - Texas M&A - United States M&A - 2001 M&A