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One-Page Deal Sheet

Hess Corporation to Acquire American Oil & Gas Inc.

Hess Corp American Oil & Gas Inc.
AnnouncedJul 28, 2010
TypeCorporate
LocationBakken Shale & Three Forks
Announced Date
July 28,2010
Close Date
December 20,2010
Transaction Type
Corporate




Snapshot
Asset/Basin:
{"Williston Basin"}
TargetZones:
{Bakken}
Net Acres
Location
Region
Williston Basin

Country
United States

State
North Dakota

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Calculated Metrics( EV/Category)

Transaction Details:  Subscribe to see

Hess Corporation and American Oil & Gas Inc. jointly announced today that Hess has agreed to acquire American Oil & Gas pursuant to a merger agreement approved by the
Boards of Directors of both companies in an all-stock transaction. The acquisition will increase Hess’ strategic acreage position in the Bakken oil play in North Dakota by approximately 85,000 net acres.

Under terms of the agreement, Hess has agreed to issue 0.1373 shares of its common stock in exchange for each outstanding share of American Oil & Gas’ common stock. This represents a 9.4 percent premium to American Oil & Gas…



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Price History



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 - -