Arena Energy Announces Strategic Acquisition Of Gulf Of Mexico Shelf Properties From Gom Shelf, Llc
Dec 12, 2022•about 3 years ago
Acquiring Company
Arena Energy
Acquired Company
Gulf Shelf Properties
The WoodlandsOil And GasEnergyDescription
Arena Energy, LLC ("Arena"), a leading independent oil and gas exploration company focused on the Gulf of Mexico Shelf, today announced it has closed on the acquisition of seven blocks and twelve platforms in the Gulf of Mexico from GOM Shelf, LLC.
M&A Insights
Based on deal dataIntegration 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