One-Page Deal Sheet
Ares, Endeavor Ink $300MM Permian Drilling Partnership
Ares Management Lp, Development Capital Resources Endeavor Energy Resources
Announced Date
April 03,2017
Transaction Type
JV - DrillCo
Enterprise Value (EV)($MM)
300
Asset/Basin:
{"Permian Basin","Midland Basin"}
TargetZones:
{Wolfcamp}
Transaction Details: Require Private Equity Subscription
[ Summary: Ares capital management and Development Capital Resources (DCR), has entered into a $300 million drilling partnership with Endeavor Energy Resources, a Midland, Texas-based operator with expertise in the development of Wolfcamp horizontal wells. ]
DCR will fund the majority of the capital required and will participate as a non-operator to finance and develop identified locations. Upon achieving an agreed upon return, DCR’s working interest will decrease during the operations phase of the drilling joint venture.
DRC is led by Ronnie Scott and Matt Loreman and backed by funds managed…
| Announced Date | Buyer | Seller | Deal Value($mm) | Location | Category |
|---|---|---|---|---|---|
| Aug-03-2017 |
-  |
- |
Click here | Texas | E&P |
| Jul-27-2017 |
- |
- |
Click here | Texas | E&P |
| Jun-20-2017 |
- |
- |
Click here | Texas | E&P |
| Apr-03-2017 |
- |
- |
Click here | Texas | E&P |
| Mar-15-2017 |
- |
- |
Click here | Texas | E&P |
| Date | Deal Headline | Price | $/acre |
|---|---|---|---|
| Feb-12-2024 | Diamondback To Acquire Endeavor Energy In $26 Billion Transaction | - |
- |
| Jan-04-2024 | APA Corp to Acquire Permian Pure Player- Callon In All Stock Deal | - |
- |
| Dec-15-2023 | Fury Resources Takes Battalion Private In Transaction Worth $450 Million : Map | - |
- |