One-Page Deal Sheet
EOG Resources Sells Off Canadian Assets
Tundra Oil & Gas Ltd. EOG Resources, Inc.
Announced Date
December 08,2014
Close Date
December 01,2014
Transaction Type
Property
Enterprise Value (EV)($MM)
410
Asset/Basin:
{"Western Canada Sedimentary Basin"}
Net Acres
% Oil:
Proved Reserves
Location
Calculated Metrics( EV/Category)
Region
Canada
Country
Canada
Play
Production & Reserves Production
Reserves
Calculated Metrics( EV/Category)
$/ Flowing
$/ Acre
Transaction Details: Require Private Equity Subscription
EOG Resources, Inc. has announced the divestiture of all its assets in Manitoba and certain assets in Alberta in two separate transactions that closed on November 28 and December 1, 2014.
Tundra Oil & Gas has acquired the following assets:
550 oil wells 7,000 BO/d in productionApproximate proceeds from the divestitures were US$ 410 million, net of customary transaction adjustments. As a result of these transactions, approximately US$ 150 million of restricted cash related to future abandonment liabilities was released. The proceeds and cash will be utilized for general corporate purposes.
C…
| Announced Date | Buyer | Seller | Deal Value($mm) | Location | Category |
|---|---|---|---|---|---|
| Nov-06-2024 |
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| Aug-22-2022 |
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| Aug-01-2022 |
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| Jun-29-2022 |
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| Dec-15-2021 |
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