One-Page Deal Sheet
Abraxas Sheds Eagle Ford Wycross Assets
Not Disclosed Abraxas Petroleum Corp.
Announced Date
December 09,2013
Effective Date
December 01,2013
Close Date
December 23,2013
Transaction Type
Property
Enterprise Value (EV)($MM)
73
Asset/Basin:
{"Eagle Ford"}
TargetZones:
{"Eagle Ford Shale"}
Net Acres
% Oil:
Proved Reserves
Location
Calculated Metrics( EV/Category)
Region
Gulf Coast - South Texas
Country
United States
State
Texas
Play
Production & Reserves Production
Reserves
Calculated Metrics( EV/Category)
$/ Flowing
$/ Acre
Transaction Details: Subscribe to see
Closing Announcement - December 23, 2013
Abraxas recently closed the previously announced divestiture of the company’s WyCross assets for net proceeds of $71.4 million after accounting for all fees and purchase price adjustments.
Proceeds were used to repay borrowings on the company’s bank line and will be ultimately redeployed into additional Bakken and Eagle Ford opportunities.
Initial Announcement - December 9, 2013Abraxas Petroleum Corporation has announced the execution of a definitive agreement to sell the company’s Eagle Ford interests at WyCross in McMullen County, Texas for $73…
| Date | Deal Headline | Price | $/acre |
|---|---|---|---|
| Feb-18-2026 | SM Energy Sells Eagle Ford Asset for $950 Million | -  |
- |
| Nov-12-2025 | Baytex Energy Exits United States in $2.305B Eagle Ford Divestiture | - |
- |
| Nov-03-2025 | Viper Energy Divests Non-Permian Mineral & Royalty Portfolio to Warwick Capital and GRP Energy for $617MM | - |
- |