Email
|
Bookmark
HG Energy II LLC → Noble Energy, Inc.- One-Page Deal Sheet
Announced Date
May 02,2017
Effective Date
January 01,2017
Close Date
June 28,2017
Transaction Type
Property
Enterprise Value (EV)($MM)
1225
Asset/Basin:
{Marcellus}
TargetZones:
{"Marcellus Shale"}
Net Acres
385,000 (, 100% Operated )
Proved Reserves
1,518 Bcfe
Location
Calculated Metrics( EV/Category)
Region
Northeast
Country
United States
State
Pennsylvania
Play
Production & Reserves Production
415 Mmcfe/d
Production Mix
88 % Gas
Reserves
1,518 Bcfe (1P)
Calculated Metrics( EV/Category)
$/ Flowing
2,951,807
$/ Acre
3,182
Production ($/Mcfe/d)
2,952
Transaction Details:
Noble Energy Inc annouced that it entered into a definitive agreement to sell all of its upstream assets in Northern West Virginia and Southern Pennsylvania to HG Energy, LLC a Quantum Energy portfolio company for $1.25 billion. HG Energy will also pay an additional contingent amount of $100 million should the average price realization at Dominion South exceed $3.30/MMbtu from 2018 through 2020.
The transaction closed today, June 28, 2017. The asset entails 385,000 net acres in the Marcellus with 100% Working Interest and 85% NRI. Current production is 415 MMcfe/d (88% gas, 14% NGLs and 2% oil).
Noble Energy Leasehold Map
| Announced Date | Buyer | Seller | Deal Value($mm) | Location | Category |
|---|---|---|---|---|---|
| Jan-24-2020 |
-  |
- |
Click here | Pennsylvania | E&P |
| Dec-19-2019 |
- |
- |
Click here | Ohio | E&P |
| Oct-21-2019 |
- |
- |
Click here | Pennsylvania | E&P |
| Jul-19-2019 |
- |
- |
Click here | Pennsylvania | E&P |
| Jul-19-2019 |
- |
- |
Click here | Pennsylvania | E&P |
| Date | Deal Headline | Price | $/acre |
|---|---|---|---|
| Apr-22-2025 | EQT Acquires Olympus Energy Assets For $1.8 Billion | - |
- |
| Dec-05-2024 | CNX Acquires Apex’s Appalachian Gas & Midstream Assets for $505MM | - |
- |
| Jan-11-2024 | Chesapeake To Acquire Southwestern Energy | - |
- |
| Announced Date | Buyer | Seller | Deal Value($mm) | Location | Category |
|---|---|---|---|---|---|
| Jul-20-2020 |
- |
- |
Click here | Colorado | E&P |
| Mar-14-2019 |
- |
- |
Click here | Texas | E&P |
| Feb-16-2018 |
- |
- |
Click here | E&P | |
| Jan-29-2018 |
- |
- |
Click here | E&P | |
| Nov-27-2017 |
- |
- |
Click here | Texas | E&P |
Other HG Energy II LLC Deals
| Announced Date | Buyer | Seller | Deal Value($mm) | Location | Category |
|---|---|---|---|---|---|
| Mar-28-2019 |
- |
- |
Click here | West Virginia | E&P |