One-Page Deal Sheet
Abraxas and Blue Stone Announce Eagle Ford JV
Blue Stone Oil & Gas, Llc Abraxas Petroleum Corp.
Announced Date
August 18,2010
Effective Date
August 18,2010
Close Date
August 18,2010
Transaction Type
JV
Enterprise Value (EV)($MM)
25
Location
Calculated Metrics( EV/Category)
Region
Gulf Coast - South Texas
Country
United States
State
Texas
Play
Calculated Metrics( EV/Category)
$/ Acre
Transaction Details: Subscribe to see
Abraxas Petroleum Corporation announced that the Company signed a joint venture agreement with Blue Stone Oil & Gas, LLC (“Blue Stone”) to develop the Eagle Ford Shale play in South Texas.
Abraxas will contribute 8,333 net acres in the Eagle Ford Shale play to Blue Eagle Energy, LLC (the “JV”) and receive a $25 million equity interest in the JV and Blue Stone will initially contribute $25 million in cash to the JV for a $25 million equity interest in the JV. In addition, Blue Stone has committed an additional $50 million in cash to the JV, which combined with the initial $25 million, will be…
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|---|---|---|---|---|---|
| Feb-18-2026 |
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| Date | Deal Headline | Price | $/acre |
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