One-Page Deal Sheet
Cabot Oil And Osaka Gas Co. Conduct JV in Pearsall
Cabot Oil & Gas Corp Osaka Gas Co.
Announced Date
June 22,2012
Close Date
June 22,2012
Transaction Type
JV
Enterprise Value (EV)($MM)
250
Asset/Basin:
{"Eagle Ford region (South Texas)"}
TargetZones:
{"Pearsall Shale"}
Net Acres
Location
Calculated Metrics( EV/Category)
Region
Gulf Coast - South Texas
Country
United States
State
Texas
Play
Calculated Metrics( EV/Category)
$/ Acre
Transaction Details: Subscribe to see
Cabot Oil & Gas today announced the Company has signed a definitive agreement with a wholly-owned U.S. subsidiary of Osaka Gas Co., Ltd. ("Osaka") for the sale of a 35 percent non-operated working interest in the Pearsall Shale in approximately 50,000 net acres leased by the Company in Atascosa, Frio, La Salle and Zavala counties of Texas for a total price of $250 million. Closing of the transaction, including the joint venture agreement, is anticipated to occur on June 26, 2012. Under the agreement Osaka will pay $125 million in cash to Cabot at closing and will pay an additional $125…
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| Date | Deal Headline | Price | $/acre |
|---|---|---|---|
| Mar-29-2013 | Aurora Acquires Eagle Ford Shale Acreage For $117.5 Million | - |
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