One-Page Deal Sheet
Chesapeake Buys Texas Property From Hallwood Energy
Chesapeake Energy Corp Hallwood Energy Corporation
Announced Date
March 01,2007
Close Date
December 15,2004
Transaction Type
Property
Enterprise Value (EV)($MM)
277
Asset/Basin:
{"Barnett Shale","Fort Worth Basin"}
TargetZones:
{"Barnett Shale"}
Location
Country
United States
State
Texas
Transaction Details: Require Private Equity Subscription
Chesapeake today announced that it has entered into an agreement with Hallwood Energy Corporation to acquire Hallwood's 18,000 acre North Block property in Johnson County, Texas for $277 million in cash. This property is located immediately north of Hallwood's 30,000 acre South Block property, in which Chesapeake acquired a 44% working interest through its June 2002 acquisition of Canaan Energy Corporation. In this transaction, Chesapeake anticipates acquiring an internally estimated 135 billion cubic feet of natural gas equivalent proved reserves (bcfe), 145 bcfe of probable and possible…
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