M&A Deal Summary

Penn Virginia Acquires Hunt Oil - Eagle Ford Shale Assets

On January 2, 2018, Penn Virginia acquired oil/gas exploration company Hunt Oil - Eagle Ford Shale Assets from Hunt Oil for 86M USD

Acquisition Highlights
  • This is Penn Virginia’s 1st transaction in the Oil/Gas Exploration sector.
  • This is Penn Virginia’s largest (disclosed) transaction.
  • This is Penn Virginia’s 1st transaction in the United States.
  • This is Penn Virginia’s 1st transaction in Louisiana.

M&A Deal Summary
Date 2018-01-02
Target Hunt Oil - Eagle Ford Shale Assets
Sector Oil/Gas Exploration
Buyer(s) Penn Virginia
Sellers(s) Hunt Oil
Deal Type Divestiture
Deal Value 86M USD

Target

Hunt Oil - Eagle Ford Shale Assets

Gonzales, Louisiana, United States
Hunt Oil Co., Inc. - Eagle Ford Shale Assets is a provider of oil and gas exploration services in Gonzales and Lavaca Counties.

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Buyer(S) 1

Buyer

Penn Virginia

Radnor, Pennsylvania, United States
Category Company
Founded 1882
Sector Oil/Gas Exploration
Employees164
Revenue 160M USD (2017)
DESCRIPTION

Penn Virginia Corp. is a pure-play independent oil and gas company engaged in the development and production of oil, NGLs and natural gas, operating in the Eagle Ford shale in south Texas.

DEAL STATS #
Overall 1 of 2
Sector (Oil/Gas Exploration) 1 of 2
Type (Divestiture) 1 of 1
State (Louisiana) 1 of 1
Country (United States) 1 of 2
Year (2018) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-12 Lonestar Resources

Fort Worth, Texas, United States

Lonestar Resources is an independent oil and natural gas company focused on the development, production, and acquisition of unconventional oil, NGLs, and natural gas properties in the Eagle Ford Shale in Texas. Lonestar Resources was based in 2015 and is based in Fort Worth, Texas

Buy -

Seller(S) 1

SELLER

Hunt Oil

Dallas, Texas, United States
Category Company
Founded 1934
Sector Oil/Gas Exploration
DESCRIPTION

Hunt Oil Co., Inc. is a provider of oil and gas exploration services. Hunt Oil was founded in 1934 and is based in Dallas, Texas.

DEAL STATS #
Overall 1 of 1
Sector (Oil/Gas Exploration) 1 of 1
Type (Divestiture) 1 of 1
State (Louisiana) 1 of 1
Country (United States) 1 of 1
Year (2018) 1 of 1
Size (of disclosed) 1 of 1
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