One-Page Deal Sheet
CONSOL Energy and Hess Corporation Enters Utica JV
Hess Corp Consol Energy Inc.
Announced Date
September 07,2011
Effective Date
August 01,2011
Close Date
October 24,2011
Transaction Type
JV
Enterprise Value (EV)($MM)
593
Asset/Basin:
{"Appalachian Basin","Utica Shale"}
TargetZones:
{"Utica Shale"}
Net Acres
Location
Calculated Metrics( EV/Category)
Region
Northeast
Country
United States
State
Ohio
County
Portage ,Tuscarawas ,Mahoning ,Noble
Play
Calculated Metrics( EV/Category)
$/ Acre
Transaction Details: Subscribe to see
CONSOL Energy Inc. announced that it has entered into an agreement with Hess Corporation for the joint exploration and development of CONSOL's nearly 200,000 Utica Shale acres in Ohio for aggregate consideration to CONSOL of approximately $593 million.
"Of the nearly 200,000 Utica Shale acres in Ohio, approximately 80,000 acres were acquired decades ago by CONSOL, while the remaining 120,000 acres were acquired last year as part of the Dominion E&P acquisition. Today's transaction with Hess helps CONSOL's shareholders to realize value from some of our legacy assets, as well as from assets…
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| Jan-24-2020 |
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| Jul-19-2019 |
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