One-Page Deal Sheet
Devon to Divest Granite Wash Properties for $310 Million
Not Disclosed Devon Energy Corp
Announced Date
June 06,2016
Transaction Type
Property
Enterprise Value (EV)($MM)
310
Asset/Basin:
{"Anadarko Basin"}
TargetZones:
{"Granite Wash"}
Net Acres
% Oil:
Proved Reserves
Location
Calculated Metrics( EV/Category)
Region
Mid-Continent
Country
United States
State
Texas
County
Wheeler ,Hemphill
Play
Production & Reserves Production
Reserves
Calculated Metrics( EV/Category)
$/ Flowing
$/ Acre
Transaction Details: Subscribe to see
Devon Energy has agreed to sell its non-core position in the Anadarko Basin's Granite Wash area for $310 million.
Net production associated with these properties averaged 14,000 Boe per day in the first quarter of 2016, of which 13 percent was oil. Field-level cash flow accompanying these assets, which excludes overhead costs, totaled $6 million in the first quarter.
At Dec. 31, 2015, proved reserves associated with these properties amounted to 31 million Boe.
Jefferies LLC acted as the lead financial advisor to Devon on the transactions. RBC Richardson Barr also acted as a financial advisor…
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| Date | Deal Headline | Price | $/acre |
|---|---|---|---|
| Nov-13-2023 | Mach Acquires Anadarko Assets from PE-Backed Paloama Partners | - |
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