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Announced

Houston Natural Resources to invest $100m in Cunningham Energy.

Financials

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Transaction Value£75m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Domestic

oil and gas

Pending

United States

Private

Friendly

Integrated Oil and Gas

Minority

Single Bidder

Acquisition

Synopsis

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Houston Natural Resources, an energy company, agreed to invest $100m in Cunningham Energy, an independent producer of oil and gas based in Charleston, West Virginia. Cunningham Energy has a vertically integrated business model with multiple acquisition targets identified. Since its inception they have relied on past experience in parallel with the application of new technologies to succeed in the ever-changing field of efficient energy production. Cunningham Energy is positioned to take advantage of current and future trends in oil and natural gas production throughout these basins with aggressive but responsible decisions in the future.

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