M&A Deal Summary |
|
|---|---|
| Date | 2021-05-09 |
| Target | Sabalo Energy |
| Sector | Oil/Gas Exploration |
| Buyer(s) | Vital Energy |
| Sellers(s) | EnCap Investments |
| Deal Type | Add-on Acquisition |
| Deal Value | 715M USD |
| Advisor(s) | Jefferies Citigroup Investment Banking Houlihan Lokey (Financial) Bracewell (Legal) |
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| Category | Company |
|---|---|
| Founded | 2006 |
| Sector | Energy Services and Equipment |
| Employees | 326 |
| Revenue | 1.5B USD (2023) |
Vital Energy is an independent energy company. Laredo's business strategy is focused on the acquisition, exploration and development of oil and natural gas properties. Vital Energy was founded in 2006 and is based in Tulsa, Oklahoma.
| DEAL STATS | # |
|---|---|
| Overall | 3 of 5 |
| Sector (Oil/Gas Exploration) | 3 of 5 |
| Type (Add-on Acquisition) | 2 of 3 |
| State (Texas) | 2 of 3 |
| Country (United States) | 3 of 5 |
| Year (2021) | 1 of 1 |
| Size (of disclosed) | 2 of 4 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2013-05-21 |
Laredo Petroleum - Anadarko Basin Assets
Tulsa, Oklahoma, United States Laredo Petroleum - Anadarko Basin Assets consists of approximately 104,000 net acres of leasehold and approximately 4.9 billion cubic feet of liquids-rich natural gas and approximately 49.6 thousand barrels of crude oil and condensate. |
Sell | $438M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-02-14 |
Driftwood Energy
Dallas, Texas, United States Driftwood Energy is an independent oil and natural gas company that focuses on acquiring, developing, and operating unconventional properties in the Permian Basin. Driftwood Energy is based in Dallas, Texas. |
Buy | $128M |
| Category | Growth Capital Firm |
|---|---|
| Founded | 1988 |
| PE ASSETS | 38.0B USD |
| Size | Mega |
| Type | Sector Focused |
EnCap Investments is a private equity firm focused on the US energy sector. EnCap specifically looks for upstream and midstream opportunities within the oil and gas industry. EnCap generally partners with seasoned management when pursuing investments. EnCap Investments has offices in Dallas and Houston.
| DEAL STATS | # |
|---|---|
| Overall | 46 of 51 |
| Sector (Oil/Gas Exploration) | 45 of 48 |
| Type (Add-on Acquisition) | 27 of 30 |
| State (Texas) | 34 of 38 |
| Country (United States) | 45 of 50 |
| Year (2021) | 2 of 3 |
| Size (of disclosed) | 16 of 29 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-01-31 |
Grenadier Energy Partners II
The Woodlands, Texas, United States Grenadier Energy Partners II is a private exploration and production company that focuses on a balanced strategy of lease and drill opportunities with significant resource potential, as well as acquisitions with identifiable exploitation and development upside. Grenadier Energy Partners II was founded in 2012 and is based in The Woodlands, Texas. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-07-21 |
Grenadier Energy III
Houston, Texas, United States Grenadier Energy III is to acquire and profitably develop long-lived oil and natural gas reserves by applying cutting-edge technology through the drilling, completion and production phases of its wells. Grenadier Energy III is based in Houston, Texas. |
Buy | $350M |
