M&A Deal Summary

Venado Oil & Gas Acquires Cabot Oil & Gas - Cabot Eagle Ford Assets

On March 19, 2018, Venado Oil & Gas acquired oil/gas exploration company Cabot Oil & Gas - Cabot Eagle Ford Assets from Coterra Energy for 765M USD

Acquisition Highlights
  • This is Venado Oil & Gas’ 1st transaction in the Oil/Gas Exploration sector.
  • This is Venado Oil & Gas’ largest (disclosed) transaction.
  • This is Venado Oil & Gas’ 1st transaction in the United States.
  • This is Venado Oil & Gas’ 1st transaction in Texas.

M&A Deal Summary
Date 2018-03-19
Target Cabot Oil & Gas - Cabot Eagle Ford Assets
Sector Oil/Gas Exploration
Buyer(s) Venado Oil & Gas
Sellers(s) Coterra Energy
Deal Type Divestiture
Deal Value 765M USD

Target

Cabot Oil & Gas - Cabot Eagle Ford Assets

Houston, Texas, United States
Cabot Oil & Gas Corp. - Cabot Eagle Ford Assets include approximately 303 gross/203 net wells and 74,400 net acres situated primarily in the Eagle Ford oil window of South Texas (Atascosa, Frio, and LaSalle counties).

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Buyer(S) 1

Buyer

Venado Oil & Gas

Austin, Texas, United States

website

Category Company
Founded 2011
Sector Oil/Gas Exploration
DESCRIPTION

Venado Oil & Gas is a privately-held energy company focused on leasing and drilling oil and natural gas properties located in the Gulf Coast and Permian regions of Texas.

DEAL STATS #
Overall 1 of 2
Sector (Oil/Gas Exploration) 1 of 2
Type (Divestiture) 1 of 1
State (Texas) 1 of 2
Country (United States) 1 of 2
Year (2018) 1 of 2
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-01 Texas American Resources

Austin, Texas, United States

Texas American Resources Company is a privately held, independent oil & gas exploration & production company owns, manages, and operates producing and developable Eagle Ford and Austin Chalk assets in South Texas. As a multi-disciplined team specializing in geology, engineering, finance, and land, TARC uses a subsurface driven approach, utilizing the latest technology to maximize the recovery of hydrocarbons in an efficient and a responsible manner. Company headquartered in Austin, Texas and founded in 1990.

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Seller(S) 1

SELLER

Coterra Energy

Houston, Texas, United States

website

Category Company
Founded 1989
Sector Oil/Gas Exploration
Employees981
Revenue 9.1B USD (2022)
DESCRIPTION
Cabot Oil & Gas' corporate headquarters in Houston, Texas.
Cabot Oil & Gas' corporate headquarters in Houston, Texas.

Coterra Energy is an oil and gas company engaged in the development and exploration of oil and gas properties in the continental United States. Coterra Energy continues to refine its operating focus, narrowing its natural gas development effort to the Marcellus shale in northeast Pennsylvania and its oil development effort to the Eagle Ford shale in South Texas. Coterra Energy was founded in 1989 and is based in Houston, Texas.

DEAL STATS #
Overall 2 of 2
Sector (Oil/Gas Exploration) 2 of 2
Type (Divestiture) 2 of 2
State (Texas) 1 of 1
Country (United States) 2 of 2
Year (2018) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-19 Cabot Oil & Gas - Panhandle Marmaton Assets

United States

Cabot Oil & Gas - Panhandle Marmaton Assets consists of oil and gas exploration services.

Sell $160M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-29 Cimarex Energy

Denver, Colorado, United States

Cimarex Energy is an oil and gas exploration and production company with principal operations in the Anadarko and Permian Basins of the US. Cimarex Energy was founded in 2002 and is based in Denver, Colorado.

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