M&A Deal Summary

Zarvona Energy Acquires Approach Resources

On September 11, 2020, Zarvona Energy acquired oil/gas exploration company Approach Resources for 116M USD

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

M&A Deal Summary
Date 2020-09-11
Target Approach Resources
Sector Oil/Gas Exploration
Buyer(s) Zarvona Energy
Deal Type Special Situations/Distressed
Deal Value 116M USD

Target

Approach Resources

Fort Worth, Texas, United States
Approach Resources is an independent energy company engaged in the exploration, development, production, and acquisition of unconventional natural gas and oil properties. Approach Resources was formed in 2002 and is based in Fort Worth, Texas.

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Buyer(S) 1

Buyer

Zarvona Energy

Houston, Texas, United States
Category Company
Founded 2010
Sector Oil/Gas Exploration
DESCRIPTION

Zarvona Energy is a privately held, independent oil and gas company. Zarvona focuses on acquiring and enhancing existing onshore oil and gas fields within the United States through disciplined operations management, development drilling, and enhanced recovery projects. The company currently operates producing fields in Texas, Oklahoma, and Louisiana. Zarvona Energy was founded in 2010 and headquartered in Houston, Texas.

DEAL STATS #
Overall 1 of 1
Sector (Oil/Gas Exploration) 1 of 1
Type (Special Situations/Distressed) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2020) 1 of 1
Size (of disclosed) 1 of 1
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