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Empyrean Energy Sells Sugarloaf Interest to Carrier Energy II

Carrier Energy Partners Ii Llc Empyrean Energy Plc
AnnouncedJan 26, 2016
TypeMineral Rights
LocationEagle Ford Shale
Announced Date
January 26,2016
Effective Date
October 01,2015
Close Date
February 19,2016
Transaction Type
Mineral Rights
Enterprise Value (EV)($MM)
62




Snapshot
Asset/Basin:
{"Eagle Ford Shale","Austin Chalk"}
TargetZones:
{"Lower Eagle Ford S
Net Acres
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Proved Reserves
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PV-10 ($MM)
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Location
Region
Gulf Coast - South Texas

Country
United States

State
Texas

County
Karnes

Play
Eagle Ford Shale


Production & Reserves
Production
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Reserves
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Calculated Metrics( EV/Category)
$/ Flowing
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$/ Acre
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Transaction Details:  Require Private Equity Subscription

Empyrean Energy Plc has entered into a conditional purchase and sale agreement with Carrier Energy Partners II, LLC (CEP II) to dispose of all of its right, title and interest in the Sugarloaf AMI development for an initial cash consideration of US$61,500,000.

Empyrean currently has a 3% working interest in the Sugarloaf AMI Project, which is operated by Marathon Oil Company, a subsidiary of US major Marathon Oil Corporation.

Overview of the Assets

The Sugarloaf AMI Project is a development project covering approximately 24,000 gross acres in Karnes County, onshore Texas, USA, in the liquids…


Source : Require Private Equity Subscription

Gulf Coast - South Texas Deal Activity In Last 12 Months


Other Gulf Coast - South Texas Region's Deals


Announced DateBuyerSellerDeal Value($mm)LocationCategory
Feb-18-2026 - - Click here Texas  E&P
Jan-08-2026 - - Click here Texas  E&P
Dec-05-2024 - - Click here Texas  E&P
May-16-2024 - - Click here Texas  E&P
Nov-03-2022 - - Click here Texas  E&P

Price History


Date Deal Headline Price$/acre
Feb-18-2026 SM Energy Sells Eagle Ford Asset for $950 Million - -
Nov-12-2025 Baytex Energy Exits United States in $2.305B Eagle Ford Divestiture - -
Nov-03-2025 Viper Energy Divests Non-Permian Mineral & Royalty Portfolio to Warwick Capital and GRP Energy for $617MM - -