M&A Deal Summary |
|
|---|---|
| Date | 2018-11-13 |
| Target | Pioneer Natural Resources - Pumping Services Assets |
| Sector | Energy Services and Equipment |
| Buyer(s) | ProPetro |
| Sellers(s) | Pioneer Natural Resources |
| Deal Type | Divestiture |
| Deal Value | 440M USD |
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| Category | Company |
|---|---|
| Founded | 2005 |
| Sector | Energy Services and Equipment |
| Employees | 1,100 |
| Revenue | 1.6B USD (2023) |
ProPetro is an oilfield services company that provides hydraulic fracturing and other complementary services to upstream oil and gas companies engaged in the exploration and production, or E&P, of North American unconventional oil and natural gas resources. The Company's operations are primarily focused in the Permian Basin, where ProPetro has cultivated longstanding customer relationships with some of the region's most active and well-capitalized E&P companies, including Callon Petroleum, Diamondback Energy, Parsley Energy, Pioneer Natural Resources, Surge Energy and XTO Energy. ProPetro was founded in 2005 and is based in Midland, Texas.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 4 |
| Sector (Energy Services and Equipment) | 1 of 4 |
| Type (Divestiture) | 1 of 1 |
| State (Texas) | 1 of 3 |
| Country (United States) | 1 of 4 |
| Year (2018) | 1 of 1 |
| Size (of disclosed) | 1 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-07-02 |
ProPetro Holding - Midland Community
Midland, Texas, United States ProPetro Holding Corp. - Midland Community is a 168-room community provides a full suite of turnkey services at the Midland location as well as across the Company’s proprietary Permian Basin lodging network. |
Sell | - |
| Category | Company |
|---|---|
| Founded | 1997 |
| Sector | Oil/Gas Exploration |
| Employees | 2,076 |
| Revenue | 24.4B USD (2022) |
Pioneer Natural Resources is a large independent exploration and production company with a large position in the Permian Basin. Pioneer Natural Resources Company was formed through the 1997 merger of NGP Portfolio Company, MESA Inc., and Parker & Parsley Petroleum Company. Pioneer Natural Resources was founded in 1997 and is based in Irving, Texas.
| DEAL STATS | # |
|---|---|
| Overall | 2 of 4 |
| Sector (Energy Services and Equipment) | 1 of 1 |
| Type (Divestiture) | 2 of 4 |
| State (Texas) | 2 of 4 |
| Country (United States) | 2 of 4 |
| Year (2018) | 1 of 1 |
| Size (of disclosed) | 2 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-06-16 |
Devon Energy - 28 000 Acres Midland Basin
Oklahoma City, Oklahoma, United States Devon Energy - 28,000 Acres Midland Basin acreage is located in Martin, Midland, Upton, Reagan, Glasscock, Andrews, Dawson, Gaines and Howard counties in Texas. Current net production is approximately 1,000 barrels of oil equivalent per day (BOEPD), with oil comprising approximately 70% of the production. |
Buy | $435M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-05-07 |
Pioneer Natural Resources - Eagle Ford Acreage
Irving, Texas, United States Pioneer Natural Resources Co. - Eagle Ford Acreage is an exploration and production of approximately 14,400 barrels of oil equivalent per day. |
Sell | - |
