M&A Deal Summary

Woodside Acquires Wheatstone LNG and Kitimat LNG

On December 15, 2014, Woodside acquired oil/gas exploration company Wheatstone LNG and Kitimat LNG from APA for 2.8B USD

Acquisition Highlights
  • This is Woodside’s 2nd transaction in the Oil/Gas Exploration sector.
  • This is Woodside’s largest (disclosed) transaction.
  • This is Woodside’s 1st transaction in Australia.

M&A Deal Summary
Date 2014-12-15
Target Wheatstone LNG and Kitimat LNG
Sector Oil/Gas Exploration
Buyer(s) Woodside
Sellers(s) APA
Deal Type Divestiture
Deal Value 2.8B USD

Target

Wheatstone LNG and Kitimat LNG

Australia
Wheatstone LNG and Kitimat LNG are energy exploration assets in Australia.

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Buyer(S) 1

Buyer

Woodside

Perth, Australia
Category Company
Founded 1954
Sector Oil/Gas Exploration
Employees3,670
Revenue 3.6B USD (2020)
DESCRIPTION

Woodside is an oil and gas company. Woodside was founded in 1954 and is based in Perth, Australia.

DEAL STATS #
Overall 2 of 3
Sector (Oil/Gas Exploration) 2 of 3
Type (Divestiture) 1 of 1
Country (Australia) 1 of 1
Year (2014) 1 of 1
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-09-01 Gryphon Exploration

Houston, Texas, United States

Gryphon (Houston, Texas) is an independent oil and gas exploration and production company focused on the shallow waters in the Gulf of Mexico.

Buy $282M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-21 Tellurian

Houston, Texas, United States

Tellurian is an independent oil and gas exploration and production company focused on CO2-enhanced oil recovery ("CO2-EOR") projects in the Rocky Mountain region. Historically active internationally, Magellan also owns significant exploration acreage in the Weald Basin, onshore UK, and an exploration block, NT/P82, in the Bonaparte Basin, offshore Northern Territory, Australia, which the Company currently plans to farmout. Tellurian was founded in 1957 and is based in Houston, Texas.

Buy $900M

Seller(S) 1

SELLER

APA

Houston, Texas, United States
Category Company
Founded 1954
Sector Oil/Gas Exploration
Employees2,271
Revenue 8.3B USD (2023)
DESCRIPTION
Entrance to Apache Corporation's headquarters in Houston, Texas.
Entrance to Apache Corporation's headquarters in Houston, Texas.

APA is an oil and gas exploration and production company with operations in the United States, Canada, Egypt, the United Kingdom and Australia. Apa was incorporated in 1954 and is headquartered in Houston, Texas.

DEAL STATS #
Overall 2 of 4
Sector (Oil/Gas Exploration) 2 of 3
Type (Divestiture) 1 of 3
Country (Australia) 1 of 2
Year (2014) 2 of 2
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-05-08 The Lucius oil field

United States

Lucius will produce oil and gas through a truss spar floating production facility. The spar will be 605ft long and 110ft in diameter. It will be installed in 7,100ft of water. It will have a nameplate capacity of 80,000 barrels of oil a day (BOPD) and 450 million cubic feet of gas a day (mcf/d). The hull will weigh approximately 23,000t. The topsides will have an initial payload of 15,000t.

Sell $1.4B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-05 Apache Energy Limited

Perth, Australia

Apache Energy Limited is an oil and gas exploration and production company.

Sell $2.1B
Mergr

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