M&A Deal Summary

Repsol and Equinor Acquire Enduring Resource - South Texas Eagle Ford Assets

On December 1, 2010, Repsol and Equinor acquired oil/gas exploration company Enduring Resource - South Texas Eagle Ford Assets from Enduring Resources for 1.3B USD

Acquisition Highlights
  • This is Repsol’s 2nd and Equinor’s 1st transaction in the Oil/Gas Exploration sector.
  • This is Repsol’s and Equinor’s 2nd largest (disclosed) transaction.
  • This is Repsol’s 2nd and Equinor’s 1st transaction in the United States.
  • This is Repsol’s 2nd and Equinor’s 1st transaction in Texas.

M&A Deal Summary
Date 2010-12-01
Target Enduring Resource - South Texas Eagle Ford Assets
Sector Oil/Gas Exploration
Buyer(s) Repsol
Equinor
Sellers(s) Enduring Resources
Deal Type Divestiture
Deal Value 1.3B USD

Target

Enduring Resource - South Texas Eagle Ford Assets

Texas, United States
Enduring Resource - South Texas Eagle Ford Assets consists of DeWitt, Live Oak, McMullen, La Salle and Webb counties as well as an interest in gas processing infrastructure.

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Buyer(S) 2

Buyer

Repsol

Madrid, Spain
Category Company
Founded 1927
Sector Oil/Gas Exploration
Employees24,537
Revenue 58.9B EUR (2023)
DESCRIPTION

Repsol operates as a multi-e energy company worldwide. Its Upstream segment engages in the exploration, development, and production of crude oil and natural gas reserves, as well as develops low-carbon geological solutions. Repsol was founded in 1927 and is based in Madrid, Spain.

DEAL STATS #
Overall 3 of 7
Sector (Oil/Gas Exploration) 2 of 2
Type (Divestiture) 2 of 2
State (Texas) 2 of 3
Country (United States) 2 of 3
Year (2010) 2 of 2
Size (of disclosed) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-05-19 Common Resources - Eagle Ford Assets

Texas, United States

Common Resources - Eagle Ford Assets is an oil and gas exploration and production reserves.

Buy $359M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-25 Repsol - Offshore Wind Power Business

United Kingdom

Repsol - Offshore Wind Power is a provider of offshore wind power services.

Sell €238M
Buyer

Equinor

Stavanger, Norway
Category Company
Founded 1972
Sector Oil/Gas Exploration
Employees23,449
Revenue 106.8B USD (2023)
DESCRIPTION
Statoil office in Houston, Texas.
Statoil office in Houston, Texas.

Equinor is an integrated oil and gas company with operations worldwide. Equinor was founded in 1972 and is based in Stavanger, Norway.

DEAL STATS #
Overall 1 of 5
Sector (Oil/Gas Exploration) 1 of 3
Type (Divestiture) 1 of 1
State (Texas) 1 of 2
Country (United States) 1 of 3
Year (2010) 1 of 1
Size (of disclosed) 2 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-10-07 Brigham Exploration Company

Austin, Texas, United States

Brigham is involved in the exploration, development and production of oil and natural gas in the Gulf Coast, Anadarko Basin and Permian Basin of the U.S. The company applies 3-D seismic imaging and other advanced geological interpretation techniques to explore and develop its oil and natural gas fields.

Buy $4.4B

Seller(S) 1

SELLER

Enduring Resources

Denver, Colorado, United States
Category Company
Sector Oil/Gas Exploration
DESCRIPTION

Enduring Resources LLC acquires, exploits, explores for and develops natural gas and oil in the Rocky Mountain and Mid-Continent regions of the U.S.

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 (2010) 1 of 1
Size (of disclosed) 1 of 1
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