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M&A Deal Summary

PennEnergy Resources Acquires Rex Energy

On August 30, 2018, PennEnergy Resources acquired oil/gas exploration company Rex Energy for 601M USD

Acquisition Highlights
  • This is PennEnergy Resources’ 1st transaction in the Oil/Gas Exploration sector.
  • This is PennEnergy Resources’ largest (disclosed) transaction.
  • This is PennEnergy Resources’ 1st transaction in the United States.
  • This is PennEnergy Resources’ 1st transaction in Pennsylvania.

M&A Deal Summary
Date 2018-08-30
Target Rex Energy
Sector Oil/Gas Exploration
Buyer(s) PennEnergy Resources
Deal Type Special Situations/Distressed
Deal Value 601M USD

Target

Rex Energy

State College, Pennsylvania, United States
Rex Energy Corp. is an independent energy company engaged in the acquisition, production, exploration and development of oil, natural gas and natural gas liquids. Our strategy is focused on building shareholder value through increasing production and proved reserves within the Appalachian and Illinois regions.

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Buyer(S) 1

Buyer

PennEnergy Resources

Cranberry Township, Pennsylvania, United States
Category Company
Founded 2011
Sector Oil/Gas Exploration
DESCRIPTION

PennEnergy Resources is an independent oil and gas exploration and production company focused on the Marcellus Shale. PennEnergy Resources wasfounded in 2011 and is headquartered in Cranberry Township, Pennsylvania.

DEAL STATS #
Overall 1 of 1
Sector: Oil/Gas Exploration M&A 1 of 1
Type: Special Situations/Distressed M&A Deals 1 of 1
State: Pennsylvania M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2018 M&A 1 of 1
Size (of disclosed) 1 of 1
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