One-Page Deal Sheet
Chesapeake, Sinopec Finalize Mississippi Lime JV
Sinopec Chesapeake Energy Corp
Announced Date
February 25,2013
Close Date
June 28,2013
Transaction Type
JV
Enterprise Value (EV)($MM)
1020
Asset/Basin:
{"Mississippi Lime",Mid-Continent}
TargetZones:
{"Mississippi Lime"}
Net Acres
Proved Reserves
Location
Calculated Metrics( EV/Category)
Region
Mid-Continent
Country
United States
State
Oklahoma
Play
Production & Reserves Reserves
Calculated Metrics( EV/Category)
$/ Acre
Transaction Details: Require Private Equity Subscription
Closing Announcement - July 1, 2013
Chesapeake Energy Corporation has completed its previously announced Mississippi Lime joint venture with Sinopec International Petroleum Exploration and Production Corporation (Sinopec) on June 28, 2013.
The company sold a 50% undivided interest in approximately 850,000 acres in northern Oklahoma for total consideration of $1.02 billion in cash, of which approximately 93% was received upon closing. Payment of the remaining proceeds is subject to customary post-closing contingencies.
Net to Sinopec’s interest, assets associated with the joint venture…
| Announced Date | Buyer | Seller | Deal Value($mm) | Location | Category |
|---|---|---|---|---|---|
| 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 |
| Date | Deal Headline | Price | $/acre |
|---|---|---|---|
| Mar-02-2022 | BCE-Mach Picks Up Midcontinent Assets for $66.5MM; STACK, MissLime | - |
- |
| Feb-07-2018 | Chesapeake Quietly Exits the MissLime; Sells Assets for $500MM | - |
- |
| Oct-08-2016 | Fairway Resources Partners Scores 223,000 Net Acres In The Anadarko Basin | - |
- |