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One-Page Deal Sheet

Bonanza Creek Sells Mid-Con Property For $117 Million

Mission Creek Resources, LLC Bonanza Creek Energy, Inc.
AnnouncedAug 6, 2018
TypeProperty
Announced Date
August 06,2018
Effective Date
February 01,2018
Close Date
August 06,2018
Transaction Type
Property
Enterprise Value (EV)($MM)
117




Snapshot
Asset/Basin:
{Mid-Continent}
TargetZones:
{"Cotton Valley"}
Net Acres
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% Oil:
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Proved Reserves
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Location
Region
Mid-Continent

Country
United States

State
Arkansas

County
Lafayette ,Columbia

Production & Reserves
Production
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Production Mix
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Reserves
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Calculated Metrics( EV/Category)
$/ Flowing
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$/ Acre
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Transaction Details:  Subscribe to see

Bonanza Creek is now a pure-play DJ Basin operator after selling its Mid-Con, Arkansas asset for $117 million.

Shale Experts has learned that the buyer is Mission Creek Resources.   The asset has 11,132 net acres (14,095 gross, 90% HBP)

The divested operations include approximately 11,000 net acres located in Lafayette and Columbia Counties, primarily targeting the Cotton Valley formation. The divested operations include proved reserves as of December 31, 2017 of approximately 12 MMBoe (100% proved developed) and associated net production during the first quarter of 2018 of approximately…


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United States Deal Activity In Last 12 Months


Other Mid-Continent Region's Deals


Announced DateBuyerSellerDeal Value($mm)LocationCategory
Jan-27-2025 - - Click here Texas  E&P
Jul-29-2024 - - Click here Oklahoma  E&P
Mar-02-2022 - - Click here Oklahoma  E&P
Nov-10-2021 - - Click here Texas  E&P
May-18-2021 - - Click here Oklahoma  E&P

Other United States Deals


Announced DateBuyerSellerDeal Value($mm)LocationCategory
Jan-27-2025 - - Click here Arkansas  E&P
Nov-01-2021 - - Click here Arkansas  E&P
Apr-01-2020 - - Click here Arkansas  Midstream
Oct-17-2019 - - Click here Arkansas  Midstream
Sep-04-2018 - - Click here Arkansas  E&P

Price History


Date Deal Headline Price$/acre
Jan-27-2025 Diversified Acquires Maverick for $1.275 Billion to Expand Liquids Exposure and Anadarko/Permian Footprint -  
Sep-04-2018 Flywheel Acquires Fayetteville Assets from Southwestern For $1.9 Billion -   2,037
Jul-28-2018 Merit Energy Acquires Entire Fayetteville Portfolio from BHP for $300MM -   1,119