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Fleur De Lis Energy Llc (FDL) → Devon Energy Corp- One-Page Deal Sheet

Announced Date
March 08,2018
Transaction Type
Property
Enterprise Value (EV)($MM)
553




Snapshot
Asset/Basin:
{"Barnett Shale"}
TargetZones:
{"Barnett Shale"}
Net Acres
146,100
Proved Reserves
1 Tcfe

Source Documents:
   Source Link
Location
Region
Mid-Continent - North Texas

Country
United States

State
Texas

County
Johnson ,Tarrant ,Hood ,Parker

Play
Barnett Shale


Production & Reserves
Production
200 Mmcfe/d

Production Mix
100 % Gas

Reserves
1 Tcfe (1P)


Transaction Details: 

Devon Energy has agreed to sell the southern portion of its Barnett Shale assets for $553 million to an undisclosed buyer. 

Asset Details:

       . Net Acres : 146,100
  • Location: Primarily in Johnson County, Texas
  • Net Production: 200 Mmcfe/d

Remaining Position

The company's remaining position in the Barnett Shale primarily resides in Denton, Wise and Tarrant counties, with current production of 680 million cubic feet of gas-equivalent per day. This position contains an inventory of approximately 1,500 potential locations, consisting of undrilled inventory and horizontal refrac opportunities.

J.P. Morgan Securities LLC acted as the financial advisor to Devon on the transaction. Vinson & Elkins LLP acted as legal advisor to Devon.

 

 

 

 

 

 


Other Mid-Continent - North Texas Region's Deals


Announced DateBuyerSellerDeal Value($mm)LocationCategory
Jul-28-2022 - - Click here Texas  E&P
May-19-2022 - - Click here Texas  E&P
Dec-18-2019 - - Click here Texas  E&P
Sep-13-2019 - - Click here Louisiana  E&P
Feb-25-2019 - - Click here Texas  E&P

Price History


Date Deal Headline Price$/acre
May-19-2022 Exxon to Sell Barnett Shale Portfolio to BKV for $750 Million - -
Dec-18-2019 Devon Sells Barnett Shale Assets to Kalnin for $830 Million - -
Aug-02-2018 Conoco Sells Off Barnett Shale Assets for $230 Million - -

Other Devon Energy Corp Deals


Announced DateBuyerSellerDeal Value($mm)LocationCategory
Jul-08-2024 - - Click here North Dakota  E&P
Aug-09-2022 - - Click here Texas  E&P
Jun-08-2022 - - Click here North Dakota  E&P
Dec-29-2020 - - Click here Wyoming  E&P
Sep-28-2020 - - Click here New Mexico  E&P

Other Fleur De Lis Energy Llc (FDL) Deals


Announced DateBuyerSellerDeal Value($mm)LocationCategory
Apr-01-2015 - - Click here Wyoming  E&P
Oct-03-2014 - - Click here Texas  E&P