M&A Deal Summary

Unit Petroleum Acquires Oil & Natural Gas assets - Noble Energy

On September 18, 2012, Unit Petroleum acquired oil/gas exploration company Oil & Natural Gas assets - Noble Energy from Noble Energy for 595M USD

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

M&A Deal Summary
Date 2012-09-18
Target Oil & Natural Gas assets - Noble Energy
Sector Oil/Gas Exploration
Buyer(s) Unit Petroleum
Sellers(s) Noble Energy
Deal Type Divestiture
Deal Value 595M USD

Target

Oil & Natural Gas assets - Noble Energy

United States
Oil & Natural Gas assets includes approximately 84,000 net acres primarily in the Granite Wash, Cleveland, and Marmaton plays in western Oklahoma and the Texas Panhandle.

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Buyer(S) 1

Buyer

Unit Petroleum

Tulsa,, Oklahoma, United States
Category Company
Founded 1979
Sector Oil/Gas Exploration
DESCRIPTION

Unit Petroleum Co.operated or owned an interest in more than 9,700 wells. Unit's reserves are 77% proved developed.

DEAL STATS #
Overall 1 of 1
Sector (Oil/Gas Exploration) 1 of 1
Type (Divestiture) 1 of 1
Country (United States) 1 of 1
Year (2012) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Noble Energy

Houston, Texas, United States
Category Company
Founded 1932
Sector Oil/Gas Exploration
Revenue 4.4B USD (2019)
DESCRIPTION
Entrance to Noble Energy's corporate headquarters in Houston, Texas.
Entrance to Noble Energy's corporate headquarters in Houston, Texas.

Noble Energy is an independent oil and natural gas exploration and production company committed to meeting the world’s growing energy needs and delivering leading returns to shareholders. The Company operates a high-quality portfolio of assets onshore in the United States and offshore in the Eastern Mediterranean and off the west coast of Africa. Founded more than 85 years ago, Noble Energy is guided by its values, its commitment to safety, and respect for stakeholders, communities and the environment. Noble Energy was formed in 1932 and is based in Houston, Texas.

DEAL STATS #
Overall 1 of 2
Sector (Oil/Gas Exploration) 1 of 2
Type (Divestiture) 1 of 1
Country (United States) 1 of 2
Year (2012) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-02-06 U.S. Exploration Holdings

Billings, Montana, United States

U.S. Exploration Holdings, Inc. is an oil and gas producing company with operations focused on developing natural gas reserves in the Denver-Julesburg basin of Colorado.

Buy $411M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-20 Rosetta Resources

Houston, Texas, United States

Rosetta Resources Inc. is an independent exploration and production company engaged in the acquisition and development of onshore unconventional resource plays in the United States of America. The Company owns well delineated positions in the Eagle Ford area in South Texas and in the Permian Basin. Rosetta is based in Houston, Texas.

Buy $2.1B
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