One-Page Deal Sheet
Devon Acquires Woodford Acreage Alongside Cimarex
Devon Energy Corp Cimarex Energy Co.
Announced Date
May 06,2014
Transaction Type
Property
Enterprise Value (EV)($MM)
249
Asset/Basin:
{"Cana-Woodford Shale"}
TargetZones:
{"Woodford Shale",Ca
Net Acres
Proved Reserves
Location
Calculated Metrics( EV/Category)
Region
Mid-Continent
Country
United States
State
Oklahoma
Play
Production & Reserves Production
Reserves
Calculated Metrics( EV/Category)
$/ Flowing
$/ Acre
Transaction Details: Subscribe to see
Devon Energy Corporation has agreed to acquire 50,000 net acres and associated production primarily in the Cana-Woodford Shale for $249 million in cash.
The acquired properties represent half of the interests Cimarex Energy is agreeing to acquire in a cash transaction announced today. Devon’s portion of the agreed acquisition includes current production of approximately 5,800 barrels of oil equivalent per day (37 percent liquids) and proved reserves of approximately 23 million barrels of oil equivalent as of January 1, 2014.
Dave Hager, Devon’s chief operating officer, commented: "Consistent…
| Date | Deal Headline | Price | $/acre |
|---|---|---|---|
| Oct-20-2016 | Pilgrim Petroleum Acquires Bakken, Woodford, Eagle Ford Assets | -  |
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| Apr-20-2016 | Devon Sells Mississippian Lime Asset to White Star Petroleum | - |
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| Sep-24-2014 | Bravo Inks Deal for Arkoma Basin Woodford Assets | - |
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