M&A Deal Summary

PEC Minerals Acquires Sempra Energy Production

On June 12, 2006, PEC Minerals acquired oil/gas exploration company Sempra Energy Production from Sempra Generation for 225M USD

Acquisition Highlights
  • This is PEC Minerals’ 1st transaction in the Oil/Gas Exploration sector.
  • This is PEC Minerals’ largest (disclosed) transaction.
  • This is PEC Minerals’ 1st transaction in the United States.
  • This is PEC Minerals’ 1st transaction in Texas.

M&A Deal Summary
Date 2006-06-12
Target Sempra Energy Production
Sector Oil/Gas Exploration
Buyer(s) PEC Minerals
Sellers(s) Sempra Generation
Deal Type Divestiture
Deal Value 225M USD
Advisor(s) Petrie Partners LLC (Financial)

Target

Sempra Energy Production

Dallas, Texas, United States
Sempra Energy Production Co. is a provider of oil and gas exploration services.

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Buyer(S) 1

Buyer

PEC Minerals

United States
Category Company
Sector Energy Services and Equipment
DESCRIPTION

PEC Minerals LP is a provider of energy services.

DEAL STATS #
Overall 1 of 1
Sector (Oil/Gas Exploration) 1 of 1
Type (Divestiture) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2006) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Sempra Generation

United States
Category Company
Sector Energy Services and Equipment
DESCRIPTION

Sempra Generation, a subsidiary of Sempra Energy. Sempra Generation operates and maintains a fleet of clean, efficient natural gas-fueled power plants serving the U.S. market.

DEAL STATS #
Overall 1 of 1
Sector (Oil/Gas Exploration) 1 of 1
Type (Divestiture) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2006) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-10-15 Auwahi Wind Energy

San Diego, California, United States

Auwahi Wind Energy LLC, a company developing a 22-megawatt (MW) wind energy and battery storage project in Maui, Hawaii.

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