One-Page Deal Sheet
Arena Resources, Inc. Moves Into New Mexico
Approach Resources, Inc. Arena Resources, Inc.
Announced Date
June 05,2008
Effective Date
June 01,2008
Close Date
June 03,2008
Transaction Type
Property
Enterprise Value (EV)($MM)
10
Asset/Basin:
{"Permian - Delaware Basin"}
TargetZones:
{"San Andres"}
Net Acres
Proved Reserves
Location
Calculated Metrics( EV/Category)
Region
Permian - Delaware Basin
Country
United States
State
New Mexico
Play
Production & Reserves Production
Reserves
Calculated Metrics( EV/Category)
$/ Flowing
$/ Acre
$/Location
Transaction Details: Subscribe to see
Arena Resources, announced today that it has finalized the acquisition of a property located in Lea County, New Mexico for a purchase price of $10.2 Million. The property was acquired using existing cash reserves with a closing date of June 3, 2008 and an effective date of June 1, 2008.
Property Information
The property consists of approximately 800 acres and is located in close proximity to the Company’s East Hobbs San Andres Unit acquired in May 2004. Arena will be the operator and have a 100% working interest and average net revenue interest in excess of 75%.
The current gross production…
Permian - Delaware Basin Deal Activity In Last 12 Months
| Announced Date | Buyer | Seller | Deal Value($mm) | Location | Category |
|---|---|---|---|---|---|
| Mar-10-2026 |
-  |
- |
Click here | Texas | E&P |
| Sep-02-2025 |
- |
- |
Click here | Texas | E&P |
| May-07-2025 |
- |
- |
Click here | New Mexico | E&P |
| May-03-2025 |
- |
- |
Click here | New Mexico | E&P |
| Nov-13-2024 |
- |
- |
Click here | New Mexico | E&P |
| Date | Deal Headline | Price | $/acre |
|---|---|---|---|
| Jul-30-2024 | Permian Resources Acquires More Delaware Basin Property | - |
- |
| Jul-28-2024 | Vital Energy Acquires Delaware Basin Property From PE-Backed E&P | - |
- |
| Jun-12-2024 | Matador Resources Acquires PE-Backed Ameredev For $1.9 Billion | - |
- |