One-Page Deal Sheet
Apache Sells Western Anadarko Assets to PE-backed Presidio Petroleum
Presidio Petroleum LLC Apache Corp
Announced Date
July 19,2019
Close Date
July 23,2019
Transaction Type
Property
Enterprise Value (EV)($MM)
400
Asset/Basin:
{"Anadarko Basin"}
Net Acres
% Oil:
Location
Calculated Metrics( EV/Category)
Region
Mid-Continent - Anadarko Basin
Country
United States
State
Oklahoma
Play
Production Production
Production Mix
Calculated Metrics( EV/Category)
$/ Flowing
$/ Acre
Transaction Details: Require Private Equity Subscription
Apache Corp. has agreed to sell its Western Anadarko position to Morgan Stanley-backed Presidio Petroleum for $400 million.
According to marketing materials viewed by Shale Experts, the asset contains some 425,000 net acres, and produced 30,000 boe/d (52% gas, 38% NGLs) as of the June 2019.
Chris Hammack, Co-Founder and Co-Chief Executive Officer of Presidio Petroleum, said, “We are thrilled to add Apache’s high quality western Anadarko Basin assets to our portfolio and are excited to welcome the outstanding team responsible for operating these assets at Apache to the Presidio family…
Mid-Continent - Anadarko Basin Deal Activity In Last 12 Months
| Announced Date | Buyer | Seller | Deal Value($mm) | Location | Category |
|---|---|---|---|---|---|
| Feb-17-2026 |
-  |
- |
Click here | Oklahoma | E&P |
| Sep-09-2025 |
- |
- |
Click here | Oklahoma | E&P |
| Aug-07-2025 |
- |
- |
Click here | Oklahoma | E&P |
| Mar-24-2025 |
- |
- |
Click here | Oklahoma | E&P |
| Sep-06-2022 |
- |
- |
Click here | E&P |
| Date | Deal Headline | Price | $/acre |
|---|---|---|---|
| Jan-27-2025 | Diversified Acquires Maverick for $1.275 Billion to Expand Liquids Exposure and Anadarko/Permian Footprint | - |
- |
| Sep-06-2022 | Sitio Royalties, Brigham to Merge in All-Stock Deal Worth $4.8 Billion | - |
- |
| Jul-28-2022 | Diversified Picks Up MidCon Assets from Conoco for $240 Million | - |
- |