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Halcon Acquires Delaware Basin Property From Shell For $200 Million

Announced Date
February 06,2018
Deal Value $
200,000,000
Net Acres
10,524
Location Count
251
Transaction Type
Property
Buyer
Seller
Source Documents:
   Source Link
   Source Link
Location
Region
Permian - Delaware Basin

Country
United States

State
Texas

County
Ward

Play


Production
Production
1,100 Boe/d

Production Mix
70 % Oil


Multiples
Production ($/boe/d)
181,818

$Price/Net Acre
19,004

$Price/Adj. Net Acre
15,346

$/Location
621,514

Adj. $/acre is based on production @35,000 Boe/d

Transaction Details: 

Halcon has agreed to acquire Delaware Basin properties from an Shell for $200 million.

This deal closed on April 4, 2018.

The acquisition is comprised of 10,524 net acres in central and western Ward County in an area Halcón calls West Quito Draw:

  • Adds 251 additional gross operated drilling locations in the Wolfcamp and 3rd Bone Spring Sand zones with an average lateral length of ~7,300 ft.
  • Halcón estimates there are 383 potential operated horizontal locations within this acreage position.
  • This property is approximately 47% held by production and is 91% operated with an average working interest of 72%.

 

 

 

 

 

Permian - Delaware Basin Deal Activity In Last 12 Months



Other Permian - Delaware Basin Region's Deals



Announced DateBuyerSellerDeal Value($mm)LocationCategory
Dec-15-2023 - - Click here Texas  E&P
Sep-13-2023 - - Click here Texas  E&P
Jun-20-2023 - - Click here New Mexico  E&P
May-03-2023 - - Click here Texas  E&P
Jan-24-2023 - - Click here New Mexico  E&P

Price History



Date Deal Headline Price$/acre
Jan-04-2024 APA Corp to Acquire Permian Pure Player- Callon In All Stock Deal - -
Nov-21-2023 Northern Oil Acquires Additional Permian Working Interest; Enters Utica - -
Aug-21-2023 Permian Resources Acquires Earthstone Energy - -

Other Shell plc Deals



Announced DateBuyerSellerDeal Value($mm)LocationCategory
Sep-20-2021 - - Click here Texas  E&P
Feb-17-2021 - - Click here Alberta  E&P
Sep-09-2020 - - Click here   E&P
May-04-2020 - - Click here Pennsylvania  E&P
Jan-31-2020 - - Click here   E&P

Other Battalion Oil Corp. Deals



Announced DateBuyerSellerDeal Value($mm)LocationCategory
Dec-15-2023 - - Click here Texas  E&P
Nov-30-2020 - - Click here Texas  E&P
Feb-06-2018 - - Click here Texas  E&P
Sep-20-2017 - - Click here North Dakota  E&P
Jul-11-2017 - - Click here North Dakota  E&P