M&A Deal Summary

Warren Resources Acquires Citrus Energy Corp - Marcellus Assets

On July 7, 2014, Warren Resources acquired energy services and equipment company Citrus Energy Corp - Marcellus Assets from Citrus Energy for 353M USD

Acquisition Highlights
  • This is Warren Resources’ 1st transaction in the Energy Services and Equipment sector.
  • This is Warren Resources’ largest (disclosed) transaction.
  • This is Warren Resources’ 1st transaction in the United States.

M&A Deal Summary
Date 2014-07-07
Target Citrus Energy Corp - Marcellus Assets
Sector Energy Services and Equipment
Buyer(s) Warren Resources
Sellers(s) Citrus Energy
Deal Type Divestiture
Deal Value 353M USD

Target

Citrus Energy Corp - Marcellus Assets

United States
Citrus Energy Corp - Marcellus Assets is a provider of energy services.

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Buyer(S) 1

Buyer

Warren Resources

Denver, Colorado, United States
Category Company
Founded 1990
Sector Oil/Gas Exploration
Employees87
Revenue 88M USD (2015)
DESCRIPTION

Warren Resources, Inc. is an independent energy company engaged in the acquisition, exploration, development, and production of domestic onshore crude oil and gas reserves. Warren Resources was founded in 1990 and is based in Denver, Colorado.

DEAL STATS #
Overall 1 of 1
Sector (Energy Services and Equipment) 1 of 1
Type (Divestiture) 1 of 1
Country (United States) 1 of 1
Year (2014) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Citrus Energy

Castle Rock, Colorado, United States
Category Company
Founded 1989
Sector Oil/Gas Exploration
DESCRIPTION

Citrus Energy Corp. is a provider of oil and gas exploration services.

DEAL STATS #
Overall 1 of 1
Sector (Energy Services and Equipment) 1 of 1
Type (Divestiture) 1 of 1
Country (United States) 1 of 1
Year (2014) 1 of 1
Size (of disclosed) 1 of 1
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