Skip to main content

Latest News and Analysis
Deals and Transactions
Track Drilling (Rigs by operator) | Completions (Frac Spreads)

Deals - Acquisition, Mergers, Divestitures | Capital Markets | Private Equity Activity

Apollo Global Management and Associates Acquire El Paso Exploration

printPrint    |   

Affiliates of Apollo Global Management, LLC (NYSE: APO) ("Apollo") announced today that they, along with Riverstone Holdings LLC, Access Industries, Inc. and other investors, have signed a definitive agreement to acquire all of the oil and gas exploration and production assets of El Paso Corporation for approximately $7.15 billion.  The transaction is subject to the closing of the merger between Kinder Morgan, Inc. and El Paso Corporation and other customary closing conditions. Josh Harris, Senior Managing Director at Apollo Global Management, said, “Apollo is acquiring a company with an impressive portfolio of valuable natural resource assets, a talented management team and a remarkable group of highly skilled employees. We look forward to building on El Paso’s impressive track record of…

Finish this article — free account or subscription
  • ✓  Full news archive — U.S., Canada & international coverage
  • ✓  A&D transactions — asset deals, corporate M&A, assets for sale
  • ✓  Permits & completions data, plus 900,000+ slides & presentations
No credit card. Includes 15 days of full access to permits, deals, completions and presentations.
Already a subscriber? Log in


Gulf Coast - South Texas News