M&A Deal Summary

Samedan Oil Acquires Aspect Resources

On July 23, 2002, Samedan Oil acquired oil/gas exploration company Aspect Resources from Quantum Energy Partners

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

M&A Deal Summary
Date 2002-07-23
Target Aspect Resources
Sector Oil/Gas Exploration
Buyer(s) Samedan Oil
Sellers(s) Quantum Energy Partners
Deal Type Add-on Acquisition

Target

Aspect Resources

Denver, Colorado, United States
Aspect Resources, LLC ('Aspect'). Aspect was an exploration and production company based in Denver, Colorado that was primarily focused on growing its reserve base through exploration in southwestern Louisiana and the upper Texas Gulf Coast.

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Buyer(S) 1

Buyer

Samedan Oil

Ardmore, Oklahoma, United States
Category Company
Founded 1932
Sector Oil/Gas Exploration
DESCRIPTION

Samedan Oil Corp. development and production of oil and gas.

DEAL STATS #
Overall 1 of 1
Sector (Oil/Gas Exploration) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Colorado) 1 of 1
Country (United States) 1 of 1
Year (2002) 1 of 1

Seller(S) 1

SELLER

Quantum Energy Partners

Houston, Texas, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1998
PE ASSETS 17.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Quantum Energy Partners is a specialist private equity firm focused on investments within the energy sector. Quantum's primary focus is on opportunities within the oil and gas upstream and midstream sectors, however, the Firm will also consider investments in oil field services and equipment, coal, power generation and transmission, and renewable/alternative energy. Quantum's target investment size is $100 to $400 million. Quantum invests in start-ups as well as established companies needing expansion capital. Quantum Energy Partners was formed in 1998 and is headquartered in Houston, Texas.

DEAL STATS #
Overall 2 of 26
Sector (Oil/Gas Exploration) 2 of 17
Type (Add-on Acquisition) 1 of 17
State (Colorado) 1 of 4
Country (United States) 2 of 23
Year (2002) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-04-01 Rockford Energy Partners

Tulsa, Oklahoma, United States

In April 2002, Quantum Energy Partners together with management formed Rockford Energy Partners, LLC ('Rockford'). Based in Tulsa, Oklahoma, Rockford?s primary focus was to grow its reserve base through acquisitions and exploitation drilling of medium-to-long lived reserves in the Mid-Continent region, with geographical focus in Oklahoma and the Texas Panhandle.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-03-01 LINN Energy

Houston, Texas, United States

LINN Energy acquires, develops and maximizes cash flow from a portfolio of oil and natural gas assets. LINN Energy is an independent oil and natural gas company with properties located in the United States. LINN's portfolio includes assets in the Hugoton Basin, the Rockies, California, east Texas and north Louisiana, the Mid-Continent, Michigan/Illinois, the Permian Basin, and south Texas. LINN Energy was formed in 2003 and is based in Houston, Texas. On May 11, 2016, LINN Energy filed for bankruptcy.

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