M&A Deal Summary

Western Gas Partners Acquires Red Desert Complex

On January 17, 2012, Western Gas Partners acquired oil/gas exploration company Red Desert Complex from Anadarko Petroleum for 483M USD

Acquisition Highlights
  • This is Western Gas Partners’ 1st transaction in the Oil/Gas Exploration sector.
  • This is Western Gas Partners’ 3rd largest (disclosed) transaction.
  • This is Western Gas Partners’ 1st transaction in the United States.
  • This is Western Gas Partners’ 1st transaction in Wyoming.

M&A Deal Summary
Date 2012-01-17
Target Red Desert Complex
Sector Oil/Gas Exploration
Buyer(s) Western Gas Partners
Sellers(s) Anadarko Petroleum
Deal Type Divestiture
Deal Value 483M USD

Target

Red Desert Complex

Wyoming, United States
Red Desert Complex is located in Sweetwater and Carbon Counties of Wyoming. The complex gathers, compresses, treats, processes and fractionates natural gas and NGLs produced in the eastern portion of the Greater Green River Basin, providing service primarily to the Red Desert and Washakie Basins. The Red Desert Complex is strategically linked to Anadarko’s land grant acreage across the southern Wyoming corridor.

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Buyer(S) 1

Buyer

Western Gas Partners

The Woodlands, Texas, United States
Category Company
Founded 2007
Sector Oil/Gas Exploration
Revenue 1.8B USD (2015)
DESCRIPTION

Western Gas Partners LP owns, operates, acquires and develops midstream energy assets. WES is engaged in the business of gathering, processing, compressing, treating and transporting natural gas, condensate, natural gas liquids and crude oil for Anadarko, as well as third-party producers and customers.

DEAL STATS #
Overall 1 of 3
Sector (Oil/Gas Exploration) 1 of 3
Type (Divestiture) 1 of 2
State (Wyoming) 1 of 1
Country (United States) 1 of 3
Year (2012) 1 of 1
Size (of disclosed) 3 of 3
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-28 Nuevo Midstream

Houston, Texas, United States

Nuevo Midstream LLC is a full-service midstream company offering gathering, compression, processing, treating, transportation and marketing services to oil and gas producers in the Delaware Basin.

Buy $1.5B

Seller(S) 1

SELLER

Anadarko Petroleum

The Woodlands, Texas, United States
Category Company
Founded 1959
Sector Oil/Gas Exploration
Employees5,800
Revenue 12.9B USD (2018)
DESCRIPTION
Anadarko Petroleum's corporate headquarters in The Woodlands, Texas.
Anadarko Petroleum's corporate headquarters in The Woodlands, Texas.

Anadarko Petroleum Corp. is an independent oil and natural gas exploration and production company. Anadarko Petroleum was formed in 1959 and is based in The Woodlands, Texas.

DEAL STATS #
Overall 6 of 10
Sector (Oil/Gas Exploration) 6 of 9
Type (Divestiture) 6 of 9
State (Wyoming) 1 of 1
Country (United States) 5 of 7
Year (2012) 1 of 1
Size (of disclosed) 6 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-03-22 Wattenberg Processing Plant

Colorado, United States

The Wattenberg Plant, has the capacity to process approximately 195 million cubic feet per day of natural gas and 15,000 barrels per day of natural gas liquids and gas condensate.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-27 Bear Head LNG

Richmond County, Nova Scotia, Canada

Bear Head LNG Corp.A 255‐acre site comprising industrial‐zoned land (180 acres) and deep‐water acreage (75acres) as well as foundations in place for two 180,000 cubic meter LNG tanks. The land hasbeen cleared, a majority of site works completed and roads constructed.The Project Rights of the previously proposed LNG import terminal, including all assets,rights and obligations associated with the Bear Head project.

Sell $11M
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