M&A Deal Summary

Union Pacific Resources Group Acquires Highlands Gas Companies

On June 6, 1997, Union Pacific Resources Group acquired oil/gas exploration company Highlands Gas Companies from Metalmark Capital for 180M USD

Acquisition Highlights
  • This is Union Pacific Resources Group’s 1st transaction in the Oil/Gas Exploration sector.
  • This is Union Pacific Resources Group’s largest (disclosed) transaction.
  • This is Union Pacific Resources Group’s 1st transaction in the United States.
  • This is Union Pacific Resources Group’s 1st transaction in Colorado.

M&A Deal Summary
Date 1997-06-06
Target Highlands Gas Companies
Sector Oil/Gas Exploration
Buyer(s) Union Pacific Resources Group
Sellers(s) Metalmark Capital
Deal Type Add-on Acquisition
Deal Value 180M USD

Target

Highlands Gas Companies

Englewood, Colorado, United States
Highlands Gas Companies engaged in natural gas gathering, processing, transportation and marketing as well as natural gas liquids (NGL) transportation and marketing.

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Buyer(S) 1

Buyer

Union Pacific Resources Group

Houston,, Texas, United States
Category Company
Sector Oil/Gas Exploration
DESCRIPTION

Union Pacific Resources Group, explores and produces natural gas, natural gas liquids, and crude oil.

DEAL STATS #
Overall 1 of 1
Sector (Oil/Gas Exploration) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Colorado) 1 of 1
Country (United States) 1 of 1
Year (1997) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1999-01-22 Caroline Swan Hills Gas Unit

Canada

Caroline Swan Hills Gas Unit comprises a gas field and associated processing facilities.

Sell CA$165M

Seller(S) 1

SELLER

Metalmark Capital

New York, New York, United States
Category Private Equity Firm
Founded 2004
PE ASSETS 8.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Metalmark Capital is an independent private equity group focused on large company transactions in a wide range of industries. Metalmark is a hands-on investment firm looking to build long-term value in its portfolio companies. Broad areas of interest include natural resources/energy, healthcare services, industrials, food, transportation, and financial services. Metalmark was established in 2004 by the former principals of Morgan Stanley Capital Partners to manage the Metalmark Capital and Morgan Stanley Capital Partners funds. Metalmark is based in New York City.

DEAL STATS #
Overall 7 of 40
Sector (Oil/Gas Exploration) 3 of 8
Type (Add-on Acquisition) 5 of 20
State (Colorado) 2 of 3
Country (United States) 7 of 37
Year (1997) 1 of 3
Size (of disclosed) 10 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1996-11-01 LifeTrust America

Nashville, Tennessee, United States

LifeTrust America is a senior living operating company, which owns, leases and operates 47 assisted living communities with 2,636 units which offer independent living apartments and assisted living accommodations, including specialized care for Alzheimer residents, throughout the Southeast. In addition, LTA manages 12 assisted living facilities for third- party owners.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1997-07-01 Catalytica Energy Systems

Tempe, Arizona, United States

Catalytica Energy Systems, Inc. is a provider of bulk actives, chemical intermediates and sterile pharmaceutical products for major pharmaceutical companies, including Merck, Pharmacia & Upjohn, Pfizer and Bristol-Myers Squibb.

Buy -
Mergr

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