One-Page Deal Sheet
BG Group Sells Cotton Valley, Haynesville Assets
Exco Resources Inc. BG Group
Announced Date
February 16,2013
Effective Date
January 01,2013
Close Date
March 05,2013
Transaction Type
Property
Enterprise Value (EV)($MM)
133
Location
Calculated Metrics( EV/Category)
Region
Ark-La-Tex
Country
United States
State
Texas
Play
Calculated Metrics( EV/Category)
$/ Acre
Transaction Details: Subscribe to see
BG Group has signed a sale and purchase agreement with EXCO Resources (EXCO) for the divestment of all its interests in the shallow, non-core, conventional producing assets and acreage in the Cotton Valley formation for a consideration of $132.5 million.
These assets, covering approximately 54 165 net leasehold acres across East Texas and North Louisiana, are not required to be held by BG Group in order to hold, drill and produce the undeveloped Haynesville/Bossier formation shale reserves which lie beneath the Cotton Valley formation.
Closing of this transaction is expected in the first…
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