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M&A Deal Summary

Ocean Energy Acquires Texoil

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

Acquisition Highlights
  • 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.

M&A Deal Summary
Date 2001-03-01
Target Texoil
Sector Oil/Gas Exploration
Buyer(s) Ocean Energy
Deal Type Add-on Acquisition
Deal Value 100M USD

Target

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(S) 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 STATS #
Overall 1 of 1
Sector: Oil/Gas Exploration M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Texas M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2001 M&A 1 of 1
Size (of disclosed) 1 of 1
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