M&A Deal Summary

ORLEN Upstream sp. z o.o. Acquires FX Energy

On October 13, 2015, ORLEN Upstream sp. z o.o. acquired oil/gas exploration company FX Energy for 119M USD

Acquisition Highlights
  • This is ORLEN Upstream sp. z o.o.’s 2nd transaction in the Oil/Gas Exploration sector.
  • This is ORLEN Upstream sp. z o.o.’s 2nd largest (disclosed) transaction.
  • This is ORLEN Upstream sp. z o.o.’s 1st transaction in the United States.
  • This is ORLEN Upstream sp. z o.o.’s 1st transaction in Utah.

M&A Deal Summary
Date 2015-10-13
Target FX Energy
Sector Oil/Gas Exploration
Buyer(s) ORLEN Upstream sp. z o.o.
Deal Type Add-on Acquisition
Deal Value 119M USD
Advisor(s) Evercore Group (Financial)
Bracewell
Kruse Landa Maycock & Ricks (Legal)

Target

FX Energy

Salt Lake City, Utah, United States
FX Energy, Inc. is an independent oil and gas exploration and production company with production in the US and Poland.

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Buyer(S) 1

Buyer

ORLEN Upstream sp. z o.o.

Warszawa, Poland
Category Company
Founded 2006
Sector Oil/Gas Exploration
DESCRIPTION

ORLEN Upstream sp. z o.o. one of the largest petroleum and petrochemical corporations in Central and Eastern Europe and the largest in Poland.

DEAL STATS #
Overall 2 of 2
Sector (Oil/Gas Exploration) 2 of 2
Type (Add-on Acquisition) 2 of 2
State (Utah) 1 of 1
Country (United States) 1 of 1
Year (2015) 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-09-16 TriOil Resources

Calgary, Alberta, Canada

TriOil Resources Ltd. is a junior oil and natural gas Company in Western Canada with a highly motivated, proven management team. TriOil has built significant land positions on a portfolio of emerging light oil resource plays, specifically targeting the Cardium and Dunvegan oil trends at Lochend, Alberta. We are at the early stage of development drilling on both projects and intend to capitalize on improvements in horizontal drilling and multi-stage fracture stimulation technologies to effectively exploit our multi-year drilling inventory.

Buy CA$184M
Mergr

Product

Company

Legal