One-Page Deal Sheet
EPL Purchases Gulf Assets from Stone Energy
Energy Partners Ltd. Stone Energy Corp.
Announced Date
October 31,2011
Effective Date
November 01,2011
Close Date
November 17,2011
Transaction Type
Property
Enterprise Value (EV)($MM)
80
Location
Calculated Metrics( EV/Category)
Country
United States
State
Texas
Play
Production & Reserves Production
Reserves
Calculated Metrics( EV/Category)
$/ Flowing
Transaction Details: Subscribe to see
Energy Partners, Ltd. today announced it has executed a purchase and sale agreement to acquire oil and natural gas assets in the shallow-water central Gulf of Mexico (GOM) from a subsidiary of Stone Energy Corporation for $80.0 million. The transaction involves additional interests in the Main Pass (MP) 296/311 complex that was included in the assets EPL purchased from Anglo-Suisse Offshore Partners, LLC (ASOP) in February 2011, along with other unit interests in the MP complex and an interest in a MP 295 primary term lease. The assets are currently producing approximately 900 net barrels of…
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