One-Page Deal Sheet
Anadarkdo and Newfield Jointly Acquires TXCO Resources Eagle Ford Assets
Anadarko Petroleum Corp, Newfield Exploration Co. Txco Resources Inc.
Announced Date
January 12,2010
Effective Date
January 01,2010
Close Date
February 11,2010
Transaction Type
Property
Enterprise Value (EV)($MM)
310
Asset/Basin:
{"Maverick Basin"}
TargetZones:
{"Eagle Ford Shale",
Net Acres
% Oil:
Location
Calculated Metrics( EV/Category)
Region
Gulf Coast - South Texas
Country
United States
State
Texas
County
Maverick ,Zavala ,Dimmit
Play
Calculated Metrics( EV/Category)
$/ Acre
Transaction Details: Subscribe to see
Newfield Exploration Company and Anadarko Petroleum Corporation announced today a joint transaction to acquire TXCO Resources Inc.'s (TXCO) assets in the Maverick Basin of Southwest Texas for up to $310 million. The final amount will be determined at closing, which is expected in mid-February 2010. The closing is subject to bankruptcy court approval.
According to the terms of the transaction, a wholly owned subsidiary of Anadarko will acquire more than 80,000 net acres in this basin from TXCO for approximately $93 million and increase its operated working interest in these properties to 75…
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