M&A Deal Summary

SM Energy Acquires Rock Oil Holdings

On August 8, 2016, SM Energy acquired oil/gas exploration company Rock Oil Holdings from Riverstone Holdings for 980M USD

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

M&A Deal Summary
Date 2016-08-08
Target Rock Oil Holdings
Sector Oil/Gas Exploration
Buyer(s) SM Energy
Sellers(s) Riverstone Holdings
Deal Type Add-on Acquisition
Deal Value 980M USD

Target

Rock Oil Holdings

Denver, Colorado, United States
Rock Oil Holdings LLC is a developer oil and gas reserves in the Eagle Ford Shale trend in south Texas.

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Buyer(S) 1

Buyer

SM Energy

Denver, Colorado, United States
Category Company
Founded 1908
Sector Oil/Gas Exploration
Employees544
Revenue 2.4B USD (2023)
DESCRIPTION

SM Energy is a provider of oil and gas exploration services across North America. SM Energy was founded in 1908 and is based in Denver, Colorado.

DEAL STATS #
Overall 2 of 2
Sector (Oil/Gas Exploration) 2 of 2
Type (Add-on Acquisition) 1 of 1
State (Colorado) 1 of 1
Country (United States) 2 of 2
Year (2016) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-01 SM Energy - Ark-LA-Tex assets

United States

Ark-LA-Tex's is a producer of Current its assets comprise of approximately 76,300 net acres with current net production of 29 MMcfe/d, 98 percent of which is gas. Ark-LA-Tex is based in the United States.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-10 SM Energy - Core Powder River Basin Assets

Denver, Colorado, United States

SM Energy Co. - Core Powder River Basin Assets comprises of over 112,200 predominantly contiguous net acres of leasehold in Converse, Campbell, and Johnson counties in Wyoming.

Sell -

Seller(S) 1

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 asset management and 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 Holdings was formed in 2000 and is based in New York, New York.

DEAL STATS #
Overall 45 of 57
Sector (Oil/Gas Exploration) 14 of 20
Type (Add-on Acquisition) 23 of 30
State (Colorado) 1 of 2
Country (United States) 35 of 42
Year (2016) 4 of 5
Size (of disclosed) 8 of 19
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-07 Centennial Resource Development

Delaware Basin, Texas, United States

Centennial Resource Development LLC is an exploration and production company focused on the acquisition and development of oil and liquids-rich natural gas resources in the Permian Delaware Basin, West Texas.

Buy $175M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-26 Vantage Energy

Englewood, Colorado, United States

Vantage Energy is a growth-oriented, independent oil and natural gas company engaged in the acquisition, development and exploration of oil and natural gas properties in the United States, with a focus on the Appalachian basin.

Sell $2.7B
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