M&A Deal Summary

Titan Energy Acquires Atlas Energy Group - Arkoma Assets

On June 5, 2015, Titan Energy acquired oil/gas exploration company Atlas Energy Group - Arkoma Assets from Atlas Energy for 36M USD

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

M&A Deal Summary
Date 2015-06-05
Target Atlas Energy Group - Arkoma Assets
Sector Oil/Gas Exploration
Buyer(s) Titan Energy
Sellers(s) Atlas Energy
Deal Type Divestiture
Deal Value 36M USD

Target

Atlas Energy Group - Arkoma Assets

Arkoma, Oklahoma, United States
Atlas Energy Group - Arkoma Assets consist of approximately 41 billion cubic feet ("Bcf") of mature, low-decline natural gas reserves, which currently produces approximately 11 million cubic feet per day from over 550 active wells. The reserve information presented above is based solely on internal evaluation and interpretation in the course of due diligence with respect to the pending acquisition and has not been verified or estimated by independent reserve engineers.

Search 201,292 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Titan Energy

Pittsburgh, Pennsylvania, United States
Category Company
Founded 2011
Sector Oil/Gas Exploration
Revenue 473M USD (2015)
DESCRIPTION

Titan Energy is an exploration and production company focused on acquiring and developing oil and gas assets. Titan Energy was formed in 2011 and is headquartered in Pittsburgh, Pennsylvania.

DEAL STATS #
Overall 2 of 2
Sector (Oil/Gas Exploration) 2 of 2
Type (Divestiture) 1 of 1
State (Oklahoma) 1 of 1
Country (United States) 2 of 2
Year (2015) 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-07-26 Titan Operating

Fort Worth, Texas, United States

Titan Operating LLC acquires, develops and explores unconventional natural gas resources in the Barnett Shale play in the United States.

Buy $199M

Seller(S) 1

SELLER

Atlas Energy

Philadelphia, Pennsylvania, United States
Category Company
Founded 2011
Sector Oil/Gas Exploration
Employees204
Revenue 9M USD (2017)
DESCRIPTION

Atlas Energy is an energy company focused on the production of natural gas primarily in the Michigan and Appalachian Basins in the United States. Atlas Energy was founded in 2011 and is based in Philadelphia, Pennsylvania.

DEAL STATS #
Overall 1 of 1
Sector (Oil/Gas Exploration) 1 of 1
Type (Divestiture) 1 of 1
State (Oklahoma) 1 of 1
Country (United States) 1 of 1
Year (2015) 1 of 1
Size (of disclosed) 1 of 1
Mergr

Product

Company

Legal