One-Page Deal Sheet
Exxonmobil Excercises Option to Add to Piceance Interest
ExxonMobil Williams Companies, Inc.
Announced Date
August 01,2008
Close Date
August 01,2008
Transaction Type
Property
Enterprise Value (EV)($MM)
71
Location
Calculated Metrics( EV/Category)
Country
United States
State
Colorado
Play
Calculated Metrics( EV/Category)
$/ Acre
Transaction Details: Subscribe to see
Williams announced today that it expects to receive approximately $71 million as a result of ExxonMobil's exercise of its contractual option to purchase an interest in a portion of the Piceance Basin reserves Williams acquired in May. With the effect of this transaction, Williams' recently acquired assets now represent 1.3 trillion cubic feet equivalent (Tcfe) of probable and possible reserves on 10-acre spacing. That brings Williams' total probable and possible reserves in the Piceance Basin to 5.8 Tcfe, which includes the company's year-end 2007 estimate. Williams also has 2.8 Tcfe of…
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