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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
Location
Multiples
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 $200 million.
This deal closed on April 4, 2018.
The acquisition is comprised of 10,524 net acres in central and western Ward County in an area Halcón calls West Quito Draw:
- Adds 251 additional gross operated drilling locations in the Wolfcamp and 3rd Bone Spring Sand zones with an average lateral length of ~7,300 ft.
- Halcón estimates there are 383 potential operated horizontal locations within this acreage position.
- This property is approximately 47% held by production and is 91% operated with an average working interest of 72%.
Permian - Delaware Basin Deal Activity In Last 12 Months
Announced Date | Buyer | Seller | Deal Value($mm) | Location | Category |
---|---|---|---|---|---|
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 |
Date | Deal Headline | Price | $/acre |
---|---|---|---|
Jan-04-2024 | APA Corp to Acquire Permian Pure Player- Callon In All Stock Deal | - | - |
Nov-21-2023 | Northern Oil Acquires Additional Permian Working Interest; Enters Utica | - | - |
Aug-21-2023 | Permian Resources Acquires Earthstone Energy | - | - |
Announced Date | Buyer | Seller | Deal Value($mm) | Location | Category |
---|---|---|---|---|---|
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 Date | Buyer | Seller | Deal Value($mm) | Location | Category |
---|---|---|---|---|---|
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 |