One-Page Deal Sheet
Abraxas Sells Williston Portfolio to Lime Rock for $87.2MM in Cash
Lime Rock Resources Abraxas Petroleum Corp.
Announced Date
January 03,2022
Close Date
January 03,2022
Transaction Type
Property
Enterprise Value (EV)($MM)
87
Location
Calculated Metrics( EV/Category)
Region
Williston Basin
Country
United States
State
North Dakota
County
McKenzie
Play
Production Production
Calculated Metrics( EV/Category)
$/ Flowing
$/ Acre
$/Location
Transaction Details: Require Private Equity Subscription
Abraxas Petroleum Corp. has sold its Williston Basin assets to Lime Rock Resources for $87.2 million in cash.
The company will now be solely focused on its Delaware Basin assets.
Deal Details: Net Acreage: 3,500 net acres Drilling Locations: 33 Production: 5,500 BOEPD*asset details as of its latest presentation (12/2019)
Other Strategic Alternative DevelopmentsConcurrently, Abraxas reported the repayment of all of its revolving credit facility and the exchange of its entire Second Lien Term Loan held by Angelo Gordon Energy Funding LLC into newly authorized Series A Preferred Stock.
| Announced Date | Buyer | Seller | Deal Value($mm) | Location | Category |
|---|---|---|---|---|---|
| May-13-2025 |
-  |
- |
Click here | Montana | E&P |
| Jan-31-2024 |
- |
- |
Click here | North Dakota | E&P |
| Aug-24-2023 |
- |
- |
Click here | North Dakota | E&P |
| Sep-06-2022 |
- |
- |
Click here | E&P | |
| Jul-11-2022 |
- |
- |
Click here | Texas | E&P |
| Date | Deal Headline | Price | $/acre |
|---|---|---|---|
| Nov-03-2025 | Viper Energy Divests Non-Permian Mineral & Royalty Portfolio to Warwick Capital and GRP Energy for $617MM | - |
- |
| Jul-08-2024 | Devon To Acquired PE-Backed Grayson Mill For $5 Billion | - |
- |
| Feb-21-2024 | Chord Energy and Enerplus to Combine in $11 Billion Transaction Creating Premier Williston-Focused E&P Company | - |
- |