M&A Deal Summary

RockRose Energy Acquires Marathon Oil - U.K. Business

On February 25, 2019, RockRose Energy acquired oil/gas exploration company Marathon Oil - U.K. Business from Marathon Oil for 140M USD

Acquisition Highlights
  • This is RockRose Energy’s 1st transaction in the Oil/Gas Exploration sector.
  • This is RockRose Energy’s largest (disclosed) transaction.
  • This is RockRose Energy’s 1st transaction in the United Kingdom.

M&A Deal Summary
Date 2019-02-25
Target Marathon Oil - U.K. Business
Sector Oil/Gas Exploration
Buyer(s) RockRose Energy
Sellers(s) Marathon Oil
Deal Type Divestiture
Deal Value 140M USD

Target

Marathon Oil - U.K. Business

Aberdeen, United Kingdom
Marathon Oil Corp. - U.K. Business includes Marathon Oil U.K. LLC and Marathon Oil West of Shetland Limited. MOUK holds 37%-40% operated interests in fields in the Greater Brae Area and MOWOS holds a 28% interest in the BP plc operated Foinaven Field unit and a 47% interest in Foinaven East, respectively.

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Buyer(S) 1

Buyer

RockRose Energy

London, United Kingdom
Category Company
Founded 2015
Sector Oil/Gas Exploration
Revenue 251M USD (2019)
DESCRIPTION

RockRose Energy is an independent oil and gas production and infrastructure company. It focuses on onshore and offshore production opportunities and infrastructure projects. A Rockrose is a plant that grows in harsh environments with minimal external support. RockRose Energy was founded in 2015 and is based in London, United Kingdom.

DEAL STATS #
Overall 1 of 1
Sector (Oil/Gas Exploration) 1 of 1
Type (Divestiture) 1 of 1
Country (United Kingdom) 1 of 1
Year (2019) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Marathon Oil

Houston, Texas, United States
Category Company
Founded 1886
Sector Oil/Gas Exploration
Employees1,700
Revenue 6.4B USD (2023)
DESCRIPTION
Marathon Oil's corporate headquarters in Houston, Texas.
Marathon Oil's corporate headquarters in Houston, Texas.

Marathon Oil is an international oil exploration and production company. Marathon has net proved reserves of more then 2 billion barrels of oil equivalent across North America, Europe and Africa. Marathon Oil was formed in 1887 and is based in Houston, Texas.

DEAL STATS #
Overall 4 of 4
Sector (Oil/Gas Exploration) 2 of 2
Type (Divestiture) 3 of 3
Country (United Kingdom) 1 of 1
Year (2019) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-20 PayRock Energy

Oklahoma City, Oklahoma, United States

PayRock Energy LLC is an oil and natural gas company. PayRock focused on the acquisition and development of resources in the Mississippian play of Oklahoma and Kansas.

Buy $888M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-02 Ensign Natural Resources

Houston, Texas, United States

Ensign Natural Resources is an exploration and production company focused on acquiring, developing and producing U.S. unconventional resources. Ensign Natural Resources was founded in 2017 and is based in Houston, Texas. ​

Buy $3.0B
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