One-Page Deal Sheet
Covey Park Buys Haynesville Property From EP Energy For $420 Million
Covey Park Energy LLC EP Energy Corp
Announced Date
March 22,2016
Effective Date
November 01,2015
Transaction Type
Property
Enterprise Value (EV)($MM)
420
Asset/Basin:
{Haynesville,Bossier}
TargetZones:
{"Haynesville Shale"
Net Acres
Proved Reserves
Location
Calculated Metrics( EV/Category)
Region
Ark-La-Tex
Country
United States
State
Louisiana
County
Bienville ,De Soto
Play
Production & Reserves Production
Production Mix
Reserves
Calculated Metrics( EV/Category)
$/ Flowing
$/ Acre
$/Location
Production ($/Mcfe/d)
Transaction Details: Require Private Equity Subscription
EP Energy Corporation entered into a Purchase and Sale Agreement with Covey Park Gas LLC. EP Energy agreed to sell substantially all of their assets located in the Haynesville and Bossier shales. The total Deal amount is $420 Million in cash, subject to customary adjustments for this type of transaction. Covey Park escrowed a deposit of $21 Million.
As you might remember, Covery Park Energy last year acquired the East Texas assets from Penn Virginia. See deal here.
About the Asset (Source : Shale Experts Mapping Database) Asset Details (Source : Shale Experts Assets Database) Acreage : 52,9…Ark-La-Tex Deal Activity In Last 12 Months
| Announced Date | Buyer | Seller | Deal Value($mm) | Location | Category |
|---|---|---|---|---|---|
| Feb-26-2026 |
-  |
- |
Click here | E&P | |
| Jan-16-2026 |
- |
- |
Click here | Louisiana | E&P |
| Oct-23-2025 |
- |
- |
Click here | Louisiana | E&P |
| Jan-11-2024 |
- |
- |
Click here | West Virginia | E&P |
| Dec-15-2023 |
- |
- |
Click here | Texas | E&P |
| Date | Deal Headline | Price | $/acre |
|---|---|---|---|
| Feb-26-2026 | Diversified Energy Extends East Texs Footprint in $245MM Sheridan Deal | - |
- |
| Apr-01-2025 | TG Natural Resources Acquires Interest in Chevron’s Haynesville Asset | - |
- |
| Dec-15-2023 | TG Natural Resources To Acquire backed-Rockcliff Energy II For $2.7 Billion | - |
- |