One-Page Deal Sheet
Energen Unit to Acquire Permian Basin Properties in Wolfberry Trend
Energen Corp. Not Disclosed
Announced Date
August 24,2010
Effective Date
September 01,2010
Transaction Type
Property
Enterprise Value (EV)($MM)
185
Asset/Basin:
{"Permian Basin","Wolfberry trend"}
TargetZones:
{Wolfberry}
Net Acres
% Oil:
Proved Reserves
Location
Calculated Metrics( EV/Category)
Region
Permian
Country
Play
Production & Reserves Reserves
Calculated Metrics( EV/Category)
$/ Acre
$/Location
Transaction Details: Subscribe to see
Energen Corporation (NYSE: EGN) today announced that its oil and gas exploration and production company, Energen Resources Corporation (ERC), has signed a purchase and sale agreement to buy Permian Basin assets in the Wolfberry trend from a private seller for $185 million plus standard closing adjustments. The cash transaction is expected to close on or before September 30, 2010, and will have an effective date of September 1, 2010.
The bulk of the acquisition's 8,700 net acres is located in Martin County, Texas, in a prime location for Wolfberry development. The Permian Basin in West Texas…
Permian Deal Activity In Last 12 Months
| Announced Date | Buyer | Seller | Deal Value($mm) | Location | Category |
|---|---|---|---|---|---|
| Feb-02-2026 |
-  |
- |
Click here | Texas | E&P |
| Nov-03-2025 |
- |
- |
Click here | Texas | E&P |
| Jan-30-2025 |
- |
- |
Click here | Texas | E&P |
| Jan-27-2025 |
- |
- |
Click here | Texas | E&P |
| Jan-04-2024 |
- |
- |
Click here | Texas | E&P |
| Date | Deal Headline | Price | $/acre |
|---|---|---|---|
| Dec-20-2013 | Lynden Drops Wolfberry Wells in Deal with BreitBurn | - |
- |
| Dec-11-2012 | Lynden Letting Go of Permian Wolfberry Interest | - |
- |
| May-11-2012 | BreitBurn Energy Partners Acquires Wolfberry Oil and Gas Properties | - |
- |