One-Page Deal Sheet
Chevron Announces Agreement to Acquire Atlas Energy
Chevron Corp Atlas Energy, L.P
Announced Date
November 09,2010
Close Date
February 18,2011
Transaction Type
Corporate
Enterprise Value (EV)($MM)
4300
Asset/Basin:
{"Appalachian Basin","Michigan Basin"}
TargetZones:
{"Marcellus Shale","
Location
Region
Northeast
Country
United States
State
Pennsylvania
Play
Production Production
Transaction Details: Subscribe to see
Chevron Corporation and Atlas Energy, Inc. announced today that Chevron would acquire Atlas Energy for cash of $3.2 billion and assumed pro forma net debt of approximately $1.1 billion. The acquisition will provide Chevron with an attractive natural gas resource position primarily located in southwestern Pennsylvania's Marcellus Shale. The acquisition is subject to certain Atlas Energy restructuring transactions, approval by Atlas Energy shareholders and regulatory clearance.
"This acquisition is the right opportunity for Chevron," said George L. Kirkland, Chevron Vice Chairman. "We are…
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