Add-on Acquisition • Oil/Gas Exploration

Shawnee Oil Co. Acquires Viola Oil & Gas Holdings

On November 28, 2016, Shawnee Oil Co. acquired oil/gas exploration company Viola Oil & Gas Holdings

Acquisition Context
  • This is Shawnee Oil Co.’s 1st transaction in the Oil/Gas Exploration sector.
  • This is Shawnee Oil Co.’s 1st transaction in the United States.
  • This is Shawnee Oil Co.’s 1st transaction in Texas.

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M&A Deal Summary

Date November 28, 2016
Target Viola Oil & Gas Holdings
Sector Oil/Gas Exploration
Buyer(s) Shawnee Oil Co.
Deal Type Add-on Acquisition

Target Company

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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Buyer Overview 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 Context for Buyer #
Overall 1 of 2
Sector: Oil/Gas Exploration 1 of 2
Type: Add-on Acquisition 1 of 2
State: Texas 1 of 1
Country: United States 1 of 2
Year: 2016 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-27 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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