One-Page Deal Sheet
Anadarko Sells East Texas/Haynesville Asset For $1 Billion
Castleton Commodities International Llc Anadarko Petroleum Corp
Announced Date
November 01,2016
Close Date
November 18,2016
Transaction Type
Property
Enterprise Value (EV)($MM)
1000
Asset/Basin:
{"Haynesville Shale","Cotton Valley"}
TargetZones:
{"Haynesville Shale"
Net Acres
Location
Calculated Metrics( EV/Category)
Region
Ark-La-Tex
Country
United States
State
Texas
County
Panola
Play
Production Production
Production Mix
Calculated Metrics( EV/Category)
$/ Flowing
$/ Acre
Production ($/Mcfe/d)
Transaction Details: Subscribe to see
Anadarko has reported in its Q3 2016 operational report that it has signed a sale agreement to divest its East Texas asset for $1.0 billion.
Anadarko provided very little information on the sale except to say the company expects the transaction to close by end of year.
A quick search of Presentation shows the below acreage maps for the company asset. According to the map, the company has 116,000 net acres in the play. The company has been actively drilling the Haynesville/Cotton Valley play.
Based on Q3 Data the production profile of the asset looks like this.
Total Production : 47…
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| Date | Deal Headline | Price | $/acre |
|---|---|---|---|
| Aug-04-2020 | Range Resources Exits Ark-La-Tex; Sells Lousiana Asset for $245MM | - |
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| Nov-19-2018 | PE-back Aethon Acquires QEP's Haynesville Asset For $735 Million | - |
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| Jun-29-2018 | Osaka Gas Acquires Haynesville Shale Property | - |
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