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  6. Shawnee Oil Co. Acquires MAP Oil

M&A Deal Summary

Shawnee Oil Co. Acquires MAP Oil

On February 27, 2017, Shawnee Oil Co. acquired oil/gas exploration company MAP Oil

Acquisition Highlights
  • This is Shawnee Oil Co.’s 2nd transaction in the Oil/Gas Exploration sector.
  • This is Shawnee Oil Co.’s 2nd transaction in the United States.
  • This is Shawnee Oil Co.’s 1st transaction in Illinois.

M&A Deal Summary
Date 2017-02-27
Target MAP Oil
Sector Oil/Gas Exploration
Buyer(s) Shawnee Oil Co.
Deal Type Add-on Acquisition

Target

MAP Oil

Grayville, Illinois, United States
MAP Oil, Inc. operates approximately 85 wells in southeastern Illinois and southwestern Indiana. The company has recently moved in to the area of horizontal drilling and secondary recovery projects. Through the years, many wells and leases were acquired from other operators, however, the majority of the company’s wells were drilled on new or abandoned leases. MAP Oil also provides contract pumping for a number of area companies.

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Buyer(S) 1

Buyer

Shawnee Oil Co.

Carmi, Illinois, United States
Category Company
Sector Energy Services and Equipment
DESCRIPTION

Shawnee Oil Co. is a Southern Illinois-based oil exploration and production company that owns and operates eleven leases located in the Illinois Basin.

DEAL STATS #
Overall 2 of 2
Sector: Oil/Gas Exploration M&A 2 of 2
Type: Add-on Acquisition M&A Deals 2 of 2
State: Illinois M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2017 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-28 Viola Oil & Gas Holdings

Houston, Texas, United States

Viola Oil & Gas Holdings LLC operates as an oil and gas exploration and production Company in the United States. The company is based in Houston, Texas.

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