M&A Deal Summary

Titan Energy Acquires Titan Operating

On July 26, 2012, Titan Energy acquired oil/gas exploration company Titan Operating from Riverstone Holdings for 199M USD

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

M&A Deal Summary
Date 2012-07-26
Target Titan Operating
Sector Oil/Gas Exploration
Buyer(s) Titan Energy
Sellers(s) Riverstone Holdings
Deal Type Add-on Acquisition
Deal Value 199M USD
Advisor(s) J.P. Morgan Securities (Financial)
Jones Day (Legal)

Target

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.

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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 1 of 2
Sector (Oil/Gas Exploration) 1 of 2
Type (Add-on Acquisition) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 2
Year (2012) 1 of 1
Size (of disclosed) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-05 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.

Buy $36M

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 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 was formed in 2000 and is based in New York City.

DEAL STATS #
Overall 28 of 57
Sector (Oil/Gas Exploration) 9 of 20
Type (Add-on Acquisition) 15 of 30
State (Texas) 15 of 26
Country (United States) 22 of 42
Year (2012) 4 of 4
Size (of disclosed) 19 of 19
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-07-18 Meritage Midstream

Golden, Colorado, United States

Meritage Midstream is a platform midstream company focused on greenfield development opportunities and opportunistic acquisitions for the gathering, treating, and handling of natural gas and natural gas liquids in several North American basins. Meritage Midstream Services II was founded in 2012 and is based in Golden, Colorado.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-08-10 Three Rivers Operating II

Austin, Texas, United States

Three Rivers Operating Company II LLC is an energy and power-focused private equity firm with over $22 billion of equity capital raised across seven investment funds and co-investments, including the world’s largest renewable energy fund. Riverstone conducts buyout and growth capital investments in the midstream, exploration & production, oilfield services, power and renewable sectors of the energy industry.

Buy -
Mergr

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