General News | Deals - Acquisition, Mergers, Divestitures
Venado Completes Acquisition of Cabot's Eagle Ford Assets
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Venado Oil & Gas have finalized their acquisition of Cabot's Eagle Ford assets. The deal was initially announced in mid-December 2017.
The purchase price for the assets was $765 million.
Asset Details:
Venado and KKR acquired interests which include approximately 303 gross/203 net wells and 74,400 net acres situated primarily in the Eagle Ford oil window of South Texas (Atascosa, Frio, and LaSalle counties). During the fourth quarter of 2017, the assets produced 15,656 net barrels of oil equivalent per day (85% oil, 5% natural gas and 10% NGLs).
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