One-Page Deal Sheet
Antero Acquires Dominion’s Marcellus Acerage
Antero Resources Dominion Resources, Inc.
Announced Date
September 30,2008
Close Date
September 30,2008
Transaction Type
Property
Enterprise Value (EV)($MM)
347
Asset/Basin:
{"Marcellus Shale"}
TargetZones:
{"Marcellus Shale"}
Net Acres
Location
Calculated Metrics( EV/Category)
Region
Northeast
Country
United States
State
Pennsylvania
Play
Calculated Metrics( EV/Category)
$/ Acre
Transaction Details: Require Private Equity Subscription
Dominion announced today that it closed its agreement to assign drilling rights to 114,259 acres in the Marcellus Shale prospect to Antero Resources for about $347 million ($205 million after tax), or about $3,037 per acre. Dominion will receive a 7.5 percent royalty interest on future natural gas production from the assigned acreage.
After-tax proceeds will be used initially to reduce outstanding short-term debt. Longer term, the proceeds are expected to partially offset previously announced equity issuances in 2009.
Dominion has drilling rights on 600,000 to 800,000 acres in the Marcellus…
| Announced Date | Buyer | Seller | Deal Value($mm) | Location | Category |
|---|---|---|---|---|---|
| Jan-24-2020 |
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| Oct-21-2019 |
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| Jul-19-2019 |
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| Jul-19-2019 |
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