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Rapid Fire Deals: Operators Selling $1.0B in Assets to Free Up Capital

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Rapid Fire Deals: Operators Selling $1.0B in Assets to Free Up Capital

Today, several Texas/MidCon deals worth nearly $1.0 billion have been announced as operators continue to look for ways to add to drilling capital.

Chesapeake Energy Corp.

Chesapeake has entered into a deal with FourPoint Energy LLC to divest assets in the Anadarko Basin that are prospective for the Cleveland/Tonkawa plays.

Deal Value: $840 Million Acreage: 250,000 net Production: 21,500 BO/d Comstock Resources

Comstock announced that it is selling oil and gas properties in the East Texas area of the Eagle Ford Shale (Burleson County) to a private buyer.

Deal Value: $115 Million Acreage: 32,000 net Production: 1,900 BO/d; 5.5 MMcf/d SM Energy

SM Energy has sold off a portion of its Ark-La-Tex position to Aethon Energy Management LLC. Specific details of the transaction were not…

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