M&A Deal Summary

SandRidge Energy Acquires Dynamic Offshore Resources

On February 3, 2012, SandRidge Energy acquired oil/gas exploration company Dynamic Offshore Resources from Riverstone Holdings and The Carlyle Group for 1.3B USD

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

M&A Deal Summary
Date 2012-02-03
Target Dynamic Offshore Resources
Sector Oil/Gas Exploration
Buyer(s) SandRidge Energy
Sellers(s) Riverstone Holdings
The Carlyle Group
Deal Type Add-on Acquisition
Deal Value 1.3B USD

Target

Dynamic Offshore Resources

Houston, Texas, United States
Dynamic Offshore Resources LLC is a provider of oil and gas exploration services in US.

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Buyer(S) 1

Buyer

SandRidge Energy

Oklahoma City, Oklahoma, United States
Category Company
Founded 2006
Sector Oil/Gas Exploration
Employees102
Revenue 149M USD (2023)
DESCRIPTION

SandRidge Energy is an oil exploration and production company. SandRidge’s drilling activities are focused on its oil properties in the Mid-Continent and Permian Basin. SandRidge Energy was founded in 2006 and is based in Oklahoma City.

DEAL STATS #
Overall 2 of 4
Sector (Oil/Gas Exploration) 2 of 4
Type (Add-on Acquisition) 2 of 4
State (Texas) 1 of 2
Country (United States) 2 of 4
Year (2012) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-04-04 Arena Resources

Tulsa, Oklahoma, United States

Arena Resources, Inc. is an oil and gas exploration, development and production company.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-05 Pinon Gathering

Houston, Texas, United States

Pinon Gathering Co. LLC is an owns approximately 370 miles of gathering lines supporting the natural gas and CO2 production from the Company's Piñon field in West Texas.

Buy $48M

Seller(S) 2

SELLER

Riverstone Holdings

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2000
PE ASSETS 40.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Riverstone Holdings is a large specialist private equity firm focused on opportunities in the energy and power industry. Specific areas of interest include oil & gas exploration, midstream transportation/logistics, electric generation, energy & power service, power infrastructure, and energy & power technology. Riverstone was formed in 2000 and is based in New York City.

DEAL STATS #
Overall 25 of 57
Sector (Oil/Gas Exploration) 7 of 20
Type (Add-on Acquisition) 12 of 30
State (Texas) 13 of 26
Country (United States) 20 of 42
Year (2012) 1 of 4
Size (of disclosed) 5 of 19
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-12-28 Petroplus Holdings AG

Zug, Switzerland

Petroplus Holdings AG is an independent refiner and wholesaler of petroleum products based in Zug, Switzerland.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-05-13 Three Rivers Operating

Austin, Texas, United States

Three Rivers Operating Company LLC is an oil and gas exploration and acquisition/exploitation company with a focus in the Permian Basin of West Texas and Southeast New Mexico.

Sell $1.0B
SELLER

The Carlyle Group

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1987
PE ASSETS 376.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.

The Carlyle Group is a global investment firm that pursues private equity, credit, and real estate investments worldwide. Carlyle's private equity practice practice pursues buyouts, strategic minority equity investments, equity private placements, consolidations and buildups, and growth capital financings. With offices in 19 countries, Carlyle can easily target opportunities throughout North America, Europe, Asia, Australia, the Middle East/North Africa and Latin America. Broad sectors of interest include aerospace, defense, automotive and transportation, consumer, retail, energy and power, financial services, healthcare, industrial, infrastructure, technology services, business services, telecommunications and media. The Carlyle Group was formed in 1987 and is based in Washington DC.

DEAL STATS #
Overall 192 of 464
Sector (Oil/Gas Exploration) 5 of 7
Type (Add-on Acquisition) 94 of 193
State (Texas) 21 of 35
Country (United States) 127 of 253
Year (2012) 4 of 29
Size (of disclosed) 31 of 133
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-01-31 BioReliance

Rockville, Maryland, United States

BioReliance provides critical services that include biologic, specialized toxicology and animal health testing to pharmaceutical, biopharmaceutical, diagnostics, and other life science customers worldwide.

Sell $350M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-02-08 Caesars Entertainment

Las Vegas, Nevada, United States

Caesars Entertainment is a diversified casino entertainment provider with casinos and resorts in the US, South America, Europe, and the Middle East. In addition to casinos, Caesars' facilities typically include hotel and convention space, restaurants, and non-gaming entertainment facilities. Caesars Entertainment Corp. was established in 1937 and is headquartered in Las Vegas, Nevada.

Sell -
Mergr

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