One-Page Deal Sheet
Blue Ridge Inks $56MM Marcellus/Utica JV Deal
Not Disclosed Blue Ridge Mountain Resources Inc.
Announced Date
January 29,2018
Transaction Type
JV
Enterprise Value (EV)($MM)
56
Asset/Basin:
{Appalachia,"Utica Shale","Marcellus Shale"}
TargetZones:
{"Utica Shale","Marc
Net Acres
Location
Calculated Metrics( EV/Category)
Region
Northeast
Country
United States
State
Ohio
County
Monroe ,Washington
Play
Calculated Metrics( EV/Category)
$/ Acre
Transaction Details: Subscribe to see
Blue Ridge Mountain Resources has inked a deal with an undisclosed buyer pursuant to which Buyer will acquire from BRMR a 40% non-operated working interest in approximately 21,000 net undeveloped leasehold acres within the Utica and Marcellus located in Monroe and Washington Counties, Ohio.
The total sales price is $56 million.
Under the terms of the JDA, Buyer will fund its share of the first year of drilling, completion and land renewal expenditures, which share is estimated to be approximately $36 million in 2018 - making the total JV value ~$92 million. The total sales price represents…
| Announced Date | Buyer | Seller | Deal Value($mm) | Location | Category |
|---|---|---|---|---|---|
| Jan-24-2020 |
-  |
- |
Click here | Pennsylvania | E&P |
| Dec-19-2019 |
- |
- |
Click here | Ohio | E&P |
| Oct-21-2019 |
- |
- |
Click here | Pennsylvania | E&P |
| Jul-19-2019 |
- |
- |
Click here | Pennsylvania | E&P |
| Jul-19-2019 |
- |
- |
Click here | Pennsylvania | E&P |
| Date | Deal Headline | Price | $/acre |
|---|---|---|---|
| Feb-02-2026 | Devon Acquires Coterra Energy; Bulk Up on Permian, Adds Gas Bank | - |
- |
| Dec-08-2025 | Antero Resources Acquires HG Energy II for $3.9B | - |
- |
| Apr-22-2025 | EQT Acquires Olympus Energy Assets For $1.8 Billion | - |
- |