M&A Deal Summary

Paloma Resources Acquires Goodrich Petroleum

On December 1, 2021, Paloma Resources acquired oil/gas exploration company Goodrich Petroleum from EnCap Investments

Acquisition Highlights
  • This is Paloma Resources’ 1st transaction in the Oil/Gas Exploration sector.
  • This is Paloma Resources’ 1st transaction in the United States.
  • This is Paloma Resources’ 1st transaction in Texas.

M&A Deal Summary

Date 2021-12-01
Target Goodrich Petroleum
Sector Oil/Gas Exploration
Buyer(s) Paloma Resources
Sellers(s) EnCap Investments
Deal Type Add-on Acquisition

Target

Goodrich Petroleum

Houston, Texas, United States
Goodrich Petroleum is an independent exploration and production company engaged in the exploitation, development and production of natural gas. Goodrich Petroleum was founded in 1995 and is based in Houston, Texas.

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Buyer(S) 1

Buyer

Paloma Resources

Houston, Texas, United States

Category Company
Founded 2004
Sector Oil/Gas Exploration
DESCRIPTION

Paloma Resources is a private oil and gas exploration and production company founded in 2004 and headquartered in Houston, Texas. Backed by the financial strength of Encap Investments and Macquarie Americas, Paloma Resources has established an extensive track record of creating significant value for its stakeholders.


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: 2021 M&A 1 of 1

Seller(S) 1

SELLER

EnCap Investments

Houston, Texas, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1988
PE ASSETS 38.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

EnCap Investments is a private equity firm focused on the US energy sector. EnCap specifically looks for upstream and midstream opportunities within the oil and gas industry. EnCap generally partners with seasoned management when pursuing investments. EnCap Investments has offices in Dallas and Houston.


DEAL STATS #
Overall 47 of 60
Sector: Oil/Gas Exploration M&A 46 of 56
Type: Add-on Acquisition M&A Deals 28 of 38
State: Texas M&A 35 of 45
Country: United States M&A 46 of 59
Year: 2021 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-22 Goodrich Petroleum

Houston, Texas, United States

Goodrich Petroleum is an independent exploration and production company engaged in the exploitation, development and production of natural gas. Goodrich Petroleum was founded in 1995 and is based in Houston, Texas.

Buy $480M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-01 Tumbleweed Royalty IV

Fort Worth, Texas, United States

Tumbleweed Royalty IV is a company focused on mineral, royalty and overriding royalty acquisitions in the Permian Basin. Tumbleweed Royalty IV is based in Fort Worth, Texas.

Buy -