One-Page Deal Sheet
Bravo Inks Deal for Arkoma Basin Woodford Assets
Bravo Natural Resources Llc Canaan Natural Gas Pe Funds
Announced Date
September 24,2014
Transaction Type
Property
Enterprise Value (EV)($MM)
250
Asset/Basin:
{"Arkoma Basin"}
TargetZones:
{"Hartshorne Coal",W
Net Acres
Proved Reserves
Location
Calculated Metrics( EV/Category)
Region
Mid-Continent - Anadarko Basin,Mid-Continent - Arkoma Basin
Country
United States
State
Oklahoma
Play
Production & Reserves Production
Reserves
Calculated Metrics( EV/Category)
$/ Flowing
$/ Acre
Production ($/Mcfe/d)
Transaction Details: Require Private Equity Subscription
Bravo Natural Resources, LLC has entered into a purchase and sale agreement with Oklahoma City based Canaan Natural Gas PE Funds.
Bravo will acquire producing and gathering assets in the Arkoma Basin of southeast Oklahoma for an all cash consideration of $250 million. Closing is expected to occur in the fourth quarter of 2014.
The transaction includes 950 operated and non operated wells producing primarily from the Hartshorne Coal and Woodford formations. Net proved reserves are 286 BCFE and net production is approximately 33 mmcfed of natural gas and natural gas liquids. The transaction is…
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