One-Page Deal Sheet
Berry Petroleum acquires interests in Wolfberry
Berry Corporation Not Disclosed
Announced Date
January 11,2010
Effective Date
January 01,2010
Close Date
January 11,2010
Transaction Type
Property
Enterprise Value (EV)($MM)
126
Asset/Basin:
{Permian}
TargetZones:
{Spraberry,Dean,Wolf
% Oil:
Proved Reserves
Location
Calculated Metrics( EV/Category)
Region
Permian
Country
United States
State
Texas
Play
Production & Reserves Production
Reserves
Calculated Metrics( EV/Category)
$/ Flowing
$/Location
Transaction Details: Subscribe to see
Berry Petroleum Company announced that it has entered into an agreement with a private seller to acquire their interests in producing properties principally in the Wolfberry trend in West Texas for approximately $126 million in cash. Berry's proved reserve estimates associated with the properties are 11.2 million barrels of oil equivalent (MMBOE), 92% of which are in the Wolfberry, 85% of which are oil reserves and 23% of which are proved developed reserves. In 2010, the acquisition is expected to add approximately thirteen hundred barrels of oil equivalent per day (MBOE/d) to Berry's…
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| Date | Deal Headline | Price | $/acre |
|---|---|---|---|
| Dec-20-2013 | Lynden Drops Wolfberry Wells in Deal with BreitBurn | - |
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| Dec-11-2012 | Lynden Letting Go of Permian Wolfberry Interest | - |
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