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Announced

Houston Natural Resources to acquire a stake in Cunningham Energy for $100m.

Financials

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Transaction Value£89m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Integrated Oil and Gas

oil and gas

United States

Domestic

Acquisition

Private

Friendly

Pending

Majority

Single Bidder

Synopsis

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Houston Natural Resources, an energy company, agreed to acquire a stake in Cunningham Energy, an independent producer of oil and gas based in Charleston, West Virginia, for $100m. With this acquisition, the company further expands its interest in oil, natural gas and oil field services properties. It further expands its overall business interest to Canada and is looking to increase expansion internationally.

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