One-Page Deal Sheet
EnerVest Finalizes Deal for SM Energy's Anadarko Basin Assets
Enervest Ltd. SM Energy Company
Announced Date
November 07,2013
Effective Date
October 01,2013
Close Date
December 30,2013
Transaction Type
Property
Enterprise Value (EV)($MM)
329
Asset/Basin:
{"Anadarko Basin"}
TargetZones:
{"Granite Wash"}
Net Acres
Proved Reserves
Location
Calculated Metrics( EV/Category)
Region
Mid-Continent
Country
United States
State
Oklahoma
Play
Production & Reserves Production
Reserves
Calculated Metrics( EV/Category)
$/ Flowing
$/ Acre
Transaction Details: Require Private Equity Subscription
Closing Announcement - December 30, 2013
SM Energy Company has closed its previously announced Anadarko Basin divestiture package, receiving total proceeds of approximately $329 million, which will provide additional liquidity to fund the Company’s 2014 capital program.
Final divestiture proceeds will be subject to post-closing adjustments, which the Company expects to be completed within 120 days of closing.
The effective date of the divestiture was October 1, 2013.
Initial Announcement - November 7, 2013SM Energy Company has entered into an agreement to divest of all of its properties…
| Date | Deal Headline | Price | $/acre |
|---|---|---|---|
| Nov-13-2023 | Mach Acquires Anadarko Assets from PE-Backed Paloama Partners | -  |
- |
| Jul-31-2018 | Penn Virginia Sells Off Oklahoma Assets to Undisclosed Buyer | - |
- |
| Oct-08-2016 | Fairway Resources Partners Scores 223,000 Net Acres In The Anadarko Basin | - |
- |