M&A Deal Summary

Unocal Acquires Pure Resources

On August 20, 2002, Unocal acquired oil/gas exploration company Pure Resources

Acquisition Highlights
  • This is Unocal’s 1st transaction in the Oil/Gas Exploration sector.
  • This is Unocal’s 1st transaction in the United States.
  • This is Unocal’s 1st transaction in Texas.

M&A Deal Summary

Date 2002-08-20
Target Pure Resources
Sector Oil/Gas Exploration
Buyer(s) Unocal
Deal Type Add-on Acquisition

Target

Pure Resources

Midland,, Texas, United States
Pure is an independent exploration and production company that develops and produces oil and natural gas in the Permian Basin, the San Juan Basin, the Gulf Coast and the Gulf of Mexico.

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Buyer(S) 1

Buyer

Unocal

El Segundo, California, United States

Category Company
Founded 1983
Sector Oil/Gas Exploration
Employees6,590
Revenue 8.2B USD (2004)
DESCRIPTION

Unocal Corp. a petroleum explorer and marketer headquartered in El Segundo, California.


DEAL STATS #
Overall 1 of 1
Sector: Oil/Gas Exploration M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Texas M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2002 M&A 1 of 1