One-Page Deal Sheet
Concho Resources Inc. to Acquire Oil & Gas Assets in the Permian Basin
Concho Resources, Inc. Three Rivers Operating Company LLC
Announced Date
May 13,2012
Transaction Type
Corporate
Enterprise Value (EV)($MM)
1000
Asset/Basin:
{Permian,"Delaware Basin","Midland Basin"}
TargetZones:
{Wolfberry,Wolfcamp,
Net Acres
Proved Reserves
Location
Calculated Metrics( EV/Category)
Region
Permian
Country
United States
State
Texas
Play
Production & Reserves Production
Reserves
Calculated Metrics( EV/Category)
$/ Flowing
$/ Acre
$/Location
Transaction Details: Require Private Equity Subscription
Concho Resources Inc. announced that it has entered into a definitive agreement to acquire all the oil and natural gas assets of Three Rivers Operating Company and certain affiliated entities (collectively, "Three Rivers") for $1.0 billion in cash. Three Rivers is a privately-held exploration and production company with approximately 310,000 gross (200,000 net) acres in the Permian Basin, including large positions in the Company's core northern Delaware Basin play, the Midland Basin Wolfberry play, and the emerging southern Midland Basin horizontal Wolfcamp and Cline shale plays.
Highlights…
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| Jan-04-2024 |
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