M&A Deal Summary |
|
|---|---|
| Date | 2019-12-12 |
| Target | ConocoPhillips - Oil-Weighted Producing Property |
| Sector | Oil/Gas Exploration |
| Buyer(s) | W&T Offshore |
| Sellers(s) | ConocoPhillips |
| Deal Type | Divestiture |
| Deal Value | 20M USD |
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| Category | Company |
|---|---|
| Founded | 1983 |
| Sector | Oil/Gas Exploration |
| Employees | 303 |
| Revenue | 558M USD (2021) |
W&T Offshore is an independent oil and natural gas acquisition, exploitation and exploration services. W&T Offshore was founded in 1983 and is based in Houston, Texas.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 1 |
| Sector (Oil/Gas Exploration) | 1 of 1 |
| Type (Divestiture) | 1 of 1 |
| Country (United States) | 1 of 1 |
| Year (2019) | 1 of 1 |
| Size (of disclosed) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2015-09-01 |
W&T Offshore - Permian Basin Assets
Texas, United States W&T Offshore - Permian Basin Assets includes approximately 25,800 highly contiguous net acres in Andrews, Martin, Gaines and Dawson counties in West Texas. |
Sell | $376M |
| Category | Company |
|---|---|
| Founded | 1917 |
| Sector | Oil/Gas Exploration |
| Employees | 9,500 |
| Revenue | 78.5B USD (2022) |
ConocoPhillips is an integrated energy company with operations and activities in 27 countries. The Company's key focus areas include operating producing assets, executing major developments and exploring for new resources in promising areas. ConocoPhillips' portfolio includes resource-rich North American shale and oil sands assets; lower-risk legacy assets in North America, Europe, Asia and Australia; several major international developments; and a growing inventory of global conventional and unconventional exploration prospects. ConocoPhillips was incorporated in 1917 and is based in Houston, Texas.
| DEAL STATS | # |
|---|---|
| Overall | 8 of 10 |
| Sector (Oil/Gas Exploration) | 4 of 6 |
| Type (Divestiture) | 7 of 9 |
| Country (United States) | 7 of 9 |
| Year (2019) | 1 of 1 |
| Size (of disclosed) | 6 of 6 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2015-01-22 |
Brazoria Interconnector Gas Pipeline
Houston, Texas, United States Brazoria Interconnector Gas Pipeline LLC is a 42-inch natural gas pipeline in Brazoria County, Texas, with a capacity of approximately 1.8 billion cubic feet per day. It extends 30.5 miles between Stratton Ridge on its south end to a point near Iowa Colony in northern Brazoria County. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-07-22 |
Kelt Exploration - Liquids-Rich Montney Acreage
Calgary, Alberta, Canada Kelt Exploration Ltd.'s Liquids-Rich Montney Acreage is is 140,000 net acres in the liquids-rich Inga-Fireweed asset Montney zone. |
Buy | $375M |
