One-Page Deal Sheet
Energen Buys Undeveloped Wolfberry Package; Reduces San Juan Investment
Energen Corp. Not Disclosed
Announced Date
February 10,2012
Effective Date
December 01,2011
Close Date
February 14,2012
Transaction Type
Property
Enterprise Value (EV)($MM)
66
Asset/Basin:
{"Permian Basin"}
TargetZones:
{Wolfberry}
Net Acres
% Oil:
Location
Region
Permian
Country
United States
State
Texas
Play
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Energen Corporation today announced that its oil and gas exploration and production subsidiary, Energen Resources, has signed a purchase and sale agreement to buy a primarily proved undeveloped Wolfberry package from a private seller for $65.8 million plus standard closing adjustments.
Energen also announced that it is cutting approximately $45 million from Energen Resources’ planned capital investment in the San Juan Basin in 2012. This capital reduction is a direct result of the current outlook for low natural gas prices. The bulk of the company’s natural gas production comes from the San…
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| Feb-02-2026 |
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| Nov-03-2025 |
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| Jan-30-2025 |
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| Jan-27-2025 |
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| Jan-04-2024 |
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| Date | Deal Headline | Price | $/acre |
|---|---|---|---|
| Dec-20-2013 | Lynden Drops Wolfberry Wells in Deal with BreitBurn | - |
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| Dec-11-2012 | Lynden Letting Go of Permian Wolfberry Interest | - |
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| May-11-2012 | BreitBurn Energy Partners Acquires Wolfberry Oil and Gas Properties | - |
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