Arena Energy Acquires Gulf Of Mexico Shelf Properties From Cox Operating, Llc
Jan 24, 2023•almost 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 Cox Operating, LLC's interest in two fields located in the shallow waters of the Gulf of Mexico.
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