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

    emailEmail    |    bookmarkBookmark

Chaparral Energy Announces Sale of EOR Assets for $170 Million

Announced Date
October 13,2017
Deal Value $
170,000,000
Transaction Type
Property
Buyer
Perdure Petroleum LLC
Seller
Chaparral Energy
Price Per BOE $
40,000
Source Documents:
   Source Link
   Source Link
Location
Region
Mid-Continent

Country
United States

State
Oklahoma

Production
Production
5,800 Boe/d


Multiples
Production ($/boe/d)
29,310

Adj. $/acre is based on production @40,000 Boe/d

Transaction Details: 

Chaparral Energy has entered into a definitive agreement to sell its North Burbank and Texas Panhandle enhanced oil recovery (EOR) assets for $170 million cash plus certain contingent payments to Perdure Petroleum. 

According to the most recent investor presentation, the asset produced 5,800 boe/d and proved reserves of 72.2 MMboe. This sale now transitions Chaparral to a pure play STACK operator, who most recently signed a 30 well drilling partnership with a PE firm.

 

United States Deal Activity In Last 12 Months


Other Mid-Continent Region's Deals


Announced DateBuyerSellerDeal Value($mm)LocationCategory
Mar-02-2022 - - Click here Oklahoma  E&P
Nov-10-2021 - - Click here Texas  E&P
May-18-2021 - - Click here Oklahoma  E&P
Apr-26-2021 - - Click here Oklahoma  E&P
Dec-03-2020 - - Click here Oklahoma  E&P

Other United States Deals


Announced DateBuyerSellerDeal Value($mm)LocationCategory
Nov-13-2023 - - Click here Oklahoma  E&P
Jul-28-2022 - - Click here Oklahoma  E&P
Jun-29-2022 - - Click here Oklahoma  E&P
Mar-02-2022 - - Click here Oklahoma  E&P
Nov-10-2021 - - Click here Oklahoma  E&P

Price History


Date Deal Headline Price$/acre
Nov-13-2023 Mach Acquires Anadarko Assets from PE-Backed Paloama Partners -  
Jul-28-2022 Diversified Picks Up MidCon Assets from Conoco for $240 Million -  
Mar-02-2022 BCE-Mach Picks Up Midcontinent Assets for $66.5MM; STACK, MissLime -   1,008

Other Chaparral Energy Deals


Announced DateBuyerSellerDeal Value($mm)LocationCategory
Aug-16-2021 - - Click here   E&P
Aug-16-2021 - - Click here Oklahoma  E&P
Dec-28-2017 - - Click here Oklahoma  E&P
Sep-25-2017 - - Click here Oklahoma  E&P
May-27-2015 - - Click here Oklahoma  E&P