One-Page Deal Sheet
Contango to Acquire Oily Assets in Big Horn, PRB, Permian Basins
Contango Oil & Gas Co. Not Disclosed
Announced Date
November 30,2020
Effective Date
August 01,2020
Close Date
February 01,2021
Transaction Type
Property
Enterprise Value (EV)($MM)
58
Asset/Basin:
["Big Horn Basin", "Permian Basin", "Powder River Basin"]
TargetZones:
[]
Net Acres
Proved Reserves
Location
Calculated Metrics( EV/Category)
Region
Rockies,Permian,Rockies - Powder River Basin
Country
United States
State
Texas
Play
Production & Reserves Production
Production Mix
Reserves
Calculated Metrics( EV/Category)
$/ Flowing
$/ Acre
Transaction Details: Subscribe to see
Contango Oil & Gas Co. has signed a deal to acquire assets in the Big Horn, Permian, and Powder River Basins for $58 million in cash.
The assets are part of a bank owned liquidation of assets.
Asset Details: Production: 7.5 Mboe/d of production (as of 8/1/20) - 55% oil/NGLs Reserves: Approximately 18.3 Mmboe of PDP reserves Acreage: ~182,000 net acres (100% HBP)The largest property in the package, the Elk Basin Field (Big Horn Basin), is a conventional asset which has been producing from multiple horizons for over 100 years.
The second largest asset in the portfolio, located on the…
| Date | Deal Headline | Price | $/acre |
|---|---|---|---|
| Aug-11-2021 | Encap Investments to Buy EP Energy in $1.5 Billion Deal; Split Up Company | -  |
- |
| Aug-19-2020 | Oxy Sells Rockies Royalty Assets to Orion in $1.33B Deal | - |
- |
| May-28-2020 | MorningStar Acquires Bankrupt Southland Royalty's Assets for $11.3MM | - |
- |