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Brigham Exploration acquires Great Western Drilling Ltd.'s Non-Operated Assets in the Permian Basin

Dec 17, 2024•about 1 year ago

Acquiring Company

Brigham Exploration

Acquired Company

Great Western Drilling

AustinMidlandEnergyOil And Gas

Description

Brigham Exploration, a leading non-operated oil & gas acquisition and management company, has completed the acquisition of Great Western Drilling Ltd.'s non-operated assets in Texas and New Mexico. This acquisition reinforces Brigham Exploration's strategic focus on core, high-quality properties in the Permian Basin, enhancing its portfolio and creating one of the largest private non-operated footprints in the region.

Company Information

Company

Brigham Exploration

Location

Austin, Texas, United States

About

Brigham Exploration is a premier non-operated oil & gas acquisition and management company focused on assets in the Permian Basin of Texas and New Mexico. Founded in 2017 by its General Partner, Bud Brigham, the company has significant experience in the oil and gas industry and is a part of The Brigham Platform, an independent platform of oil and gas companies based in Austin, Texas.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed