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  6. Riley Exploration Group Acquires Cinco Resources

M&A Deal Summary

Riley Exploration Group Acquires Cinco Resources

On May 26, 2015, Riley Exploration Group acquired oil/gas exploration company Cinco Resources from EnCap Investments

Acquisition Highlights
  • This is Riley Exploration Group’s 1st transaction in the Oil/Gas Exploration sector.
  • This is Riley Exploration Group’s 1st transaction in the United States.
  • This is Riley Exploration Group’s 1st transaction in Texas.

M&A Deal Summary
Date 2015-05-26
Target Cinco Resources
Sector Oil/Gas Exploration
Buyer(s) Riley Exploration Group
Sellers(s) EnCap Investments
Deal Type Add-on Acquisition

Target

Cinco Resources

Dallas, Texas, United States
Cinco Resources, Inc. is an independent oil and gas company on the pursuit of lease-and-drill opportunities and proved reserve acquisitions with an initial focus on the Eagle Ford and Powder River Basin.

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Buyer(S) 1

Buyer

Riley Exploration Group

Blanchard, Oklahoma, United States
Category Company
Sector Oil/Gas Exploration
DESCRIPTION

Riley Exploration Group LLC is an independent energy company engaged in the exploration, development and production of oil and natural gas.

DEAL STATS #
Overall 1 of 1
Sector: Oil/Gas Exploration M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Texas M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2015 M&A 1 of 1

Seller(S) 1

SELLER

EnCap Investments

Houston, Texas, United States

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 1988
PE ASSETS 47.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

EnCap Investments is a private equity firm focused on the US energy sector. EnCap specifically looks for upstream and midstream opportunities within the oil and gas industry. EnCap generally partners with seasoned management when pursuing investments. EnCap Investments has offices in Dallas and Houston.

DEAL STATS #
Overall 38 of 60
Sector: Oil/Gas Exploration M&A 37 of 56
Type: Add-on Acquisition M&A Deals 20 of 38
State: Texas M&A 28 of 45
Country: United States M&A 38 of 59
Year: 2015 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-01 Verdun Oil

Houston, Texas, United States

Verdun Oil is an oil and gas company that will pursue the identification, acquisition and development of oil and gas assets in the United States. Verdun Oil was founded in 2015 and is based in Houston, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-08 Ameredev

Austin, Texas, United States

Ameredev is an exploration and production company focused on the acquisition and development of oil and gas properties in the Permian Basin.

Buy -
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