M&A Deal Summary

Stone Energy Acquires Bois d Arc Energy

On April 30, 2008, Stone Energy acquired oil/gas exploration company Bois d Arc Energy for 1.8B USD

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

M&A Deal Summary

Date 2008-04-30
Target Bois d Arc Energy
Sector Oil/Gas Exploration
Buyer(s) Stone Energy
Deal Type Merger
Deal Value 1.8B USD
Advisor(s) Raymond James - Investment Banking
Scotia Waterous (Financial)

Target

Bois d Arc Energy

Houston, Texas, United States
Bois d'Arc Energy is an independent exploration company engaged in the discovery and production of oil and natural gas in the Gulf of Mexico.

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Buyer(S) 1

Buyer

Stone Energy

Lafayette, Louisiana, United States

Category Company
Founded 1993
Sector Oil/Gas Exploration
Employees384
Revenue 544M USD (2015)
DESCRIPTION

Stone Energy Corp. is an oil and natural gas exploration and production company headquartered in Lafayette, Louisiana with additional offices in New Orleans, Houston, Texas and Morgantown, West Virginia. Stone is engaged in the acquisition, exploration, and development of properties in the Deep Water Gulf of Mexico, Appalachia and the onshore and offshore Gulf Coast.


DEAL STATS #
Overall 1 of 1
Sector (Oil/Gas Exploration) 1 of 1
Type (Merger) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2008) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-06-29 Stone Energy s Rocky Mountain Assets

United States

The Rocky Mountain acquisition will add proved reserves of approximately 200 Bcfe, probable and possible reserves of more than 150 Bcfe and nearly 600,000 net acres. Newfield now has operations in the Green River Basin in the prolific Pinedale and Jonah Fields (Wyoming), the Williston Basin (Montana and North Dakota), the Powder River Basin (Wyoming), the Northern Denver-Julesburg Basin (Wyoming) and an additional 51% interest in the deep rights below Newfield's Monument Butte Field in the Uinta Basin (Utah).

Sell $578M