One-Page Deal Sheet
Endeavour Sells Midstream Assets, Forms JV with Samson in Marcellus
Samson Exploration LLC Endeavour International Corp
Announced Date
November 13,2013
Close Date
November 13,2013
Transaction Type
JV
Asset/Basin:
{"Marcellus Shale"}
TargetZones:
{"Marcellus Shale"}
Transaction Details: Subscribe to see
Endeavour International Corporation announced that it has closed on the sale of 50% of its upstream and midstream assets in the Pennsylvania Marcellus and formed a joint venture with Samson Exploration, LLC.
Samson Exploration, LLC is a wholly-owned subsidiary of privately-held Samson Energy Company, LLC with its headquarters located in Tulsa, Oklahoma. The agreement provides for the development of the Marcellus assets, with a "cash and carry" component. The joint venture delivers the capital necessary for the next phase of development in the core Daniel Field area in Cameron County…
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