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Wildfire Energy Announces Eagle Ford Acquisition From Chesapeake Energy Corporation

Jan 18, 2023•almost 3 years ago

Acquiring Company

WildFire Energy

Acquired Company

Eagle Ford

Description

WildFire Energy ("WildFire"), today announced the acquisition of approximately 377,000 net acres and approximately 1,350 wells in the Brazos Valley region of its Eagle Ford asset from Chesapeake Energy Corporation. With the acquisition, WildFire ­­will operate approximately 2,000 gross wells on approximately 600,000 net acres in the eastern Eagle Ford encompassing Burleson, Brazos, Robertson, Madison, Lee, Washington, and Grimes counties of Texas.

Company Information

Company

WildFire Energy

About

WildFire Energy is an independent energy platform company pursuing production-weighted oil and gas assets in onshore US basins, seeking to efficiently optimize and develop reserves using modern technologies and its extensive operating experience. WildFire Energy was formed in 2019 with funding from Warburg Pincus, Kayne Anderson, and management.

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