One-Page Deal Sheet
American Energy Partners Adds Utica Property
American Energy Partners, Ascent Resources LLC East Resources, Inc
Announced Date
June 09,2014
Close Date
August 05,2014
Transaction Type
Property
Enterprise Value (EV)($MM)
475
Asset/Basin:
{"Utica Shale"}
TargetZones:
{"Utica Shale"}
Net Acres
Location
Calculated Metrics( EV/Category)
Region
Northeast
Country
United States
State
Ohio
County
Monroe
Play
Production Production
Calculated Metrics( EV/Category)
$/ Flowing
$/ Acre
Production ($/Mcfe/d)
Transaction Details: Require Private Equity Subscription
Closing Announcement - August 5, 2014
American Energy – Utica, LLC, an affiliate of American Energy Partners, LP, has closed on its acquisition of approximately 27,000 net acres of leasehold in Monroe County, Ohio from East Resources, Inc. and an unnamed private company for $475 million.
The acquisition was partially financed by issuing $250 million of convertible subordinated notes to the Sellers, with the balance paid using available cash.
Citigroup Global Markets Inc., Credit Suisse, and Jefferies Finance were joint lead arrangers for the AEM term loans. Sullivan & Cromwell LLP acted as…
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