One-Page Deal Sheet
Black Stone Sells Off Permian Interests for $95 Million
Pegasus Resources Black Stone Minerals, L.P.
Announced Date
June 04,2020
Effective Date
July 01,2020
Close Date
July 21,2020
Transaction Type
Working Interest
Enterprise Value (EV)($MM)
96
Asset/Basin:
["Permian", "Delaware Basin", "Midland Basin"]
TargetZones:
[]
Location
Calculated Metrics( EV/Category)
Region
Permian - Delaware Basin,Permian - Midland Basin
Country
United States
Play
Production Production
Calculated Metrics( EV/Category)
$/ Flowing
Transaction Details: Require Private Equity Subscription
Black Stone Minerals has announced the sale of undivided interests in the Permian to Pegasus Resources LLC for $95.5 million.
This deal closed on July 21, 2020.
Pegasus is a portfolio company of EnCap Investments.
The sale includes:
a 57% undivided interest across parts of the Company's Delaware Basin position a 32% undivided interest across parts of the Company's Midland Basin positionThe effective date of this transaction is July 1, 2020, and the sale is also expected to close in July of 2020.
Black Stone estimates the production associated with the properties to be sold, in total, to…
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