One-Page Deal Sheet
Forestar Group Acquires Bakken Focused Credo Petroleum
Forestar Group Inc. Credo Petroleum Corp.
Announced Date
June 05,2012
Close Date
September 28,2012
Transaction Type
Property
Enterprise Value (EV)($MM)
146
Asset/Basin:
{"Williston Basin"}
TargetZones:
{Bakken,"Three Forks
Location
Region
Mid-Continent,Williston Basin
Country
United States
State
North Dakota
Play
Transaction Details: Subscribe to see
CREDO Petroleum Corporation, an oil and gas exploration and production company with significant assets in the North Dakota Bakken and Three Forks, Kansas, Nebraska, the Texas Panhandle and Oklahoma, announced today that its board of directors has unanimously approved a definitive agreement pursuant to which Forestar Group Inc. (NYSE: FOR) will acquire all of the outstanding shares of Credo’s common stock for $14.50 per share, or approximately $146 million in the aggregate. The transaction has also been approved by the board of directors of Forestar.
James T. Huffman, Chairman of the Board…
| Date | Deal Headline | Price | $/acre |
|---|---|---|---|
| Nov-03-2025 | Viper Energy Divests Non-Permian Mineral & Royalty Portfolio to Warwick Capital and GRP Energy for $617MM | -  |
- |
| Jul-08-2024 | Devon To Acquired PE-Backed Grayson Mill For $5 Billion | - |
- |
| Feb-21-2024 | Chord Energy and Enerplus to Combine in $11 Billion Transaction Creating Premier Williston-Focused E&P Company | - |
- |