M&A Deal Summary |
|
|---|---|
| Date | 2019-08-26 |
| Target | SRC Energy |
| Sector | Oil/Gas Exploration |
| Buyer(s) | PDC Energy |
| Deal Type | Add-on Acquisition |
| Deal Value | 1.7B USD |
| Advisor(s) | Citi Goldman Sachs (Financial) Akin Gump Strauss Hauer & Feld (Legal) |
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| Category | Company |
|---|---|
| Founded | 1969 |
| Sector | Oil/Gas Exploration |
| Employees | 520 |
| Revenue | 4.3B USD (2022) |
PDC Energy is a natural gas company. PDC maintains a balanced liquids to natural gas portfolio through horizontal drilling while maintaining a solid balance sheet and ample liquidity. PDC Energy was founded in 1969 and is based in Denver, Colorado.
| DEAL STATS | # |
|---|---|
| Overall | 2 of 3 |
| Sector: Oil/Gas Exploration M&A | 2 of 3 |
| Type: Add-on Acquisition M&A Deals | 1 of 2 |
| State: Colorado M&A | 1 of 2 |
| Country: United States M&A | 2 of 3 |
| Year: 2019 M&A | 1 of 1 |
| Size (of disclosed) | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-10-15 |
PDC Mountaineer
Bridgeport, West Virginia, United States PDC Mountaineer is a natural gas exploration and production company. |
Sell | $500M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-05-06 |
Great Western Petroleum
Denver, Colorado, United States Great Western Petroleum is an independent oil & gas company focused on the liquids-rich area of the DJ Basin. Great Western Petroleum was founded in 2005 and is based in Denver, Colorado. |
Buy | $543M |
