Divestiture • Oil/Gas Exploration

SM Energy Acquires Baytex Energy - North Dakota Assets

On July 31, 2014, SM Energy acquired oil/gas exploration company Baytex Energy - North Dakota Assets from Baytex Energy for 331M USD

Acquisition Context
  • This is SM Energy’s 1st transaction in the Oil/Gas Exploration sector.
  • This is SM Energy’s 4th largest (disclosed) transaction.
  • This is SM Energy’s 1st transaction in the United States.
  • This is SM Energy’s 1st transaction in North Dakota.

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M&A Deal Summary

Date July 31, 2014
Target Baytex Energy - North Dakota Assets
Sector Oil/Gas Exploration
Buyer(s) SM Energy
Sellers(s) Baytex Energy
Deal Type Divestiture
Deal Value 331M USD

Target Company

Baytex Energy - North Dakota Assets

North Dakota, United States
Baytex Energy - North Dakota Assets inlcudes 126 drilling spacing units.
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Buyer Overview 1

Buyer

SM Energy

Denver, Colorado, United States

Category Company
Founded 1908
Sector Oil/Gas Exploration
Employees663
Revenue 2.7B USD (2024)
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 Context for Buyer #
Overall 1 of 4
Sector: Oil/Gas Exploration 1 of 4
Type: Divestiture 1 of 1
State: North Dakota 1 of 1
Country: United States 1 of 4
Year: 2014 1 of 1
Size (of disclosed) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-05 SM Energy - Anadarko Basin Assets

Denver, Colorado, United States

SM Energy - Anadarko Basin Assets include approximately 58,000 net mineral acres, includes Granite Wash.

Sell $343M
FOLLOWING 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 -

Seller Profile 1

SELLER

Baytex Energy

Calgary, Alberta, Canada

Category Company
Founded 1993
Sector Oil/Gas Exploration
Employees231
Revenue 4.2B CAD (2024)
DESCRIPTION

Baytex Energy is a dividend-paying oil and gas corporation. The company is engaged in the acquisition, development and production of crude oil and natural gas in the Western Canadian Sedimentary Basin and in the Eagle Ford in the United States. Baytex Energy was incorporated in 1993 and is based in Calgary, Alberta.


Deal Context for Seller #
Overall 1 of 1
Sector: Oil/Gas Exploration 1 of 1
Type: Divestiture 1 of 1
State: North Dakota 1 of 1
Country: United States 1 of 1
Year: 2014 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-06-04 Burmis Energy

Calgary, Alberta, Canada

Burmis Energy, Inc. is a provider of oil/gas exploration services canada.

Buy $186M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-18 Raging River Exploration

Calgary, Alberta, Canada

Raging River Exploration, Inc. is a junior oil and gas producer currently focused in the Kindersley area of Saskatchewan. The company was incorporated in 2011 and is headquartered in Calgary, Canada.

Buy -