Email
|
Bookmark
Carrizo Exits DJ Basin; Sells Off Assets for $140MM
Announced Date
November 27,2017
Deal Value $
140,000,000
Net Acres
30,600
Location Count
640
Transaction Type
Property
Buyer
Seller
Price Per BOE $
40,000
Source Documents:
Location
Multiples
Region
Rockies - DJ Basin
Country
United States
State
Colorado
County
Weld
Play
Production Production
2,427 Boe/d
Production Mix
69 % Oil
Multiples
Production ($/boe/d)
57,684
$Price/Net Acre
4,575
$Price/Adj. Net Acre
1,403
$/Location
67,063
Adj. $/acre is based on production
@40,000 Boe/d
Transaction Details:
Carrizo has agreed to sell its entire non-op DJ Basin property $140 million in cash to Verdad Oil & Gas Corp.
Property Highlights:
- Production : 2,427 BOEPD (69% oil)
- Land & Leasehold : 30,600 net acres
- Resource Potential : 125 MMboe
- Locations : 640 Well Locations
The transaction is currently expected to close in January 2018.
This sales marks the end of the transformation for the company that saw it selling off the Marcellus, and Utica properties.
Rockies - DJ Basin Deal Activity In Last 12 Months
Announced Date Buyer Seller Deal Value($mm) Location Category
Jan-11-2024
-
-
Click here
Colorado
E&P
Sep-06-2022
-
-
Click here
E&P
May-18-2022
-
-
Click here
E&P
Feb-28-2022
-
-
Click here
Colorado
E&P
Feb-01-2022
-
-
Click here
Colorado
E&P
Price History
Date
Deal Headline
Price $/acre
Sep-06-2022
Sitio Royalties, Brigham to Merge in All-Stock Deal Worth $4.8 Billion
-
-
Feb-28-2022
PDC Acquires DJ Basin E&P Great Western in $1.3B Deal
-
-
Nov-15-2017
Extraction Acquires 36,600 Net DJ Basin Acres for $214MM
-
-
Announced Date Buyer Seller Deal Value($mm) Location Category
Jul-15-2019
-
-
Click here
Texas
E&P
Aug-14-2018
-
-
Click here
Texas
E&P
Dec-12-2017
-
-
Click here
Texas
E&P
Oct-06-2017
-
-
Click here
Pennsylvania
E&P
Sep-05-2017
-
-
Click here
Ohio
E&P
Rockies - DJ Basin Deal Activity In Last 12 Months
Announced Date | Buyer | Seller | Deal Value($mm) | Location | Category |
---|---|---|---|---|---|
Jan-11-2024 | - | - | Click here | Colorado | E&P |
Sep-06-2022 | - | - | Click here | E&P | |
May-18-2022 | - | - | Click here | E&P | |
Feb-28-2022 | - | - | Click here | Colorado | E&P |
Feb-01-2022 | - | - | Click here | Colorado | E&P |
Date | Deal Headline | Price | $/acre |
---|---|---|---|
Sep-06-2022 | Sitio Royalties, Brigham to Merge in All-Stock Deal Worth $4.8 Billion | - | - |
Feb-28-2022 | PDC Acquires DJ Basin E&P Great Western in $1.3B Deal | - | - |
Nov-15-2017 | Extraction Acquires 36,600 Net DJ Basin Acres for $214MM | - | - |
Announced Date | Buyer | Seller | Deal Value($mm) | Location | Category |
---|---|---|---|---|---|
Jul-15-2019 | - | - | Click here | Texas | E&P |
Aug-14-2018 | - | - | Click here | Texas | E&P |
Dec-12-2017 | - | - | Click here | Texas | E&P |
Oct-06-2017 | - | - | Click here | Pennsylvania | E&P |
Sep-05-2017 | - | - | Click here | Ohio | E&P |