One-Page Deal Sheet
Antero Resources Sells Arkoma Basin Assets to Vanguard Natural Resources
Vanguard Natural Resources, Llc Antero Resources
Announced Date
June 05,2012
Effective Date
April 01,2012
Close Date
June 29,2012
Transaction Type
Property
Enterprise Value (EV)($MM)
445
Asset/Basin:
{"Arkoma Basin"}
TargetZones:
{"Woodford Shale","F
Net Acres
Location
Calculated Metrics( EV/Category)
Region
Mid-Continent - Arkoma Basin
Country
United States
State
Oklahoma
Play
Calculated Metrics( EV/Category)
$/ Acre
$/Location
Transaction Details: Require Private Equity Subscription
Antero Resources today announced that it has entered into an agreement to sell all of its
exploration and production assets in the Arkoma Basin along with associated commodity hedges to Vanguard Natural Resources, LLC for $445 million in cash. The transaction is expected to close by the end of the second quarter 2012 with an effective date of April 1, 2012.
The assets consist of 66,000 net acres in the Woodford Shale play and 5,300 net acres in the Fayetteville Shale play, located in the Arkoma Basin in Oklahoma and Arkansas, respectively. The assets contain an estimated 251 Bcfe of proved…
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