M&A Deal Summary

QEP Resources Acquires North Dakota Oil Properties

On August 23, 2012, QEP Resources acquired oil/gas exploration company North Dakota Oil Properties for 1.4B USD

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

M&A Deal Summary
Date 2012-08-23
Target North Dakota Oil Properties
Sector Oil/Gas Exploration
Buyer(s) QEP Resources
Deal Type Add-on Acquisition
Deal Value 1.4B USD

Target

North Dakota Oil Properties

United States
The properties are located in Williams and McKenzie counties of North Dakota, approximately 12 miles west of QEP's existing core acreage in the Williston Basin. Aggregate current net production approximately 10,500 barrels of oil equivalent per day (Boepd) .

Search 201,771 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

QEP Resources

Denver, Colorado, United States
Category Company
Founded 2010
Sector Oil/Gas Exploration
Employees248
Revenue 1.2B USD (2019)
DESCRIPTION

QEP Resources, Inc. is an independent crude oil and natural gas exploration and production company focused in two regions of the United States: the Southern Region (primarily in Texas) and the Northern Region (primarily in North Dakota). QEP Resources was founded in 2010 and is based in Denver, Colorado.

DEAL STATS #
Overall 1 of 2
Sector (Oil/Gas Exploration) 1 of 2
Type (Add-on Acquisition) 1 of 2
Country (United States) 1 of 2
Year (2012) 1 of 1
Size (of disclosed) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-09 Oil and Gas Properties

United States

The properties, which are located in the Midland sub-basin, primarily in Martin and Andrews counties in west Texas, net production of approximately 6,700 barrels of oil equivalent per day.

Buy $950M
Mergr

Product

Company

Legal