M&A Deal Summary

Patina Oil & Gas Acquires Cordillera Energy Partners

On October 1, 2003, Patina Oil & Gas acquired oil/gas exploration company Cordillera Energy Partners from EnCap Investments for 247M USD

Acquisition Highlights
  • This is Patina Oil & Gas’ 1st transaction in the Oil/Gas Exploration sector.
  • This is Patina Oil & Gas’ largest (disclosed) transaction.
  • This is Patina Oil & Gas’ 1st transaction in the United States.
  • This is Patina Oil & Gas’ 1st transaction in Colorado.

M&A Deal Summary
Date 2003-10-01
Target Cordillera Energy Partners
Sector Oil/Gas Exploration
Buyer(s) Patina Oil & Gas
Sellers(s) EnCap Investments
Deal Type Add-on Acquisition
Deal Value 247M USD

Target

Cordillera Energy Partners

Greenwood Village, Colorado, United States
Cordillera Energy Partners, LLC is a privately-held, independent oil and gas company engaged in the acquisition and development of oil and gas properties. The company and its subsidiaries own interests in properties in the San Juan Basin, the Anadarko Basin, and the Permian Basin. The company is headquartered in Denver, Colorado.

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Buyer(S) 1

Buyer

Patina Oil & Gas

Denver, Colorado, United States
Category Company
Founded 1990
Sector Energy Services and Equipment
Employees434
DESCRIPTION

Patina Oil & Gas Corporation is an independent energy company engaged in the production, development, exploitation and acquisition of oil and natural gas properties, principally in the Wattenberg Field of Colorado's Denver-Julesburg Basin.

DEAL STATS #
Overall 1 of 1
Sector (Oil/Gas Exploration) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Colorado) 1 of 1
Country (United States) 1 of 1
Year (2003) 1 of 1
Size (of disclosed) 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 2 of 51
Sector (Oil/Gas Exploration) 2 of 48
Type (Add-on Acquisition) 2 of 30
State (Colorado) 1 of 7
Country (United States) 2 of 50
Year (2003) 2 of 3
Size (of disclosed) 21 of 29
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-10-01 Laredo Energy I

Houston, Texas, United States

Laredo Energy I LP is a independent oil & gas acquisition and development company with operations in the Lobo Trend in South Texas

Sell $200M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-11-01 Plantation Petroleum Holdings II

Houston, Texas, United States

Plantation Petroleum Holdings is an upstream oil & gas company focused in the Permian Basin in West Texas and Southeast New Mexico.

Buy -
Mergr

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