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Announced

Completed

Longfellow Energy completed the acquisition of oil and gas assets of Occidental Petroleum for $40m.

Financials

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Transaction Value£30m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Integrated Oil and Gas

United States

Completed

oil and gas assets

Domestic

Single Bidder

Majority

Private

Acquisition

Synopsis

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Longfellow Energy, a privately owned oil and natural gas exploration and production company, completed the acquisition of oil and gas assets of Occidental Petroleum, an American company engaged in hydrocarbon exploration in the United States, for $40m. This acquisition results in the assets developed by Riata Energy from 1995-2006, and Sandridge Energy from 2007-2010, returning to control by Longfellow Energy.

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