One-Page Deal Sheet
Freeport-McMoRan Aquires Plains Exploration For $17 Billion
Freeport-Mcmoran Inc. Plains Exploration & Production Company
Announced Date
December 05,2012
Close Date
May 31,2013
Transaction Type
Corporate
Enterprise Value (EV)($MM)
16300
Asset/Basin:
{"Deepwater Gulf of Mexico","Eagle Ford",Haynesville}
TargetZones:
{"Eagle Ford Shale",
% Oil:
Proved Reserves
Location
Calculated Metrics( EV/Category)
Region
Ark-La-Tex,Gulf Coast - South Texas
Country
United States
State
Texas
Play
Production & Reserves Production
Reserves
Calculated Metrics( EV/Category)
$/ Flowing
Transaction Details: Subscribe to see
Closing Announcement - June 3, 2013
Freeport-McMoRan Copper & Gold Inc. has completed the final step of its three-way combination with Plains Exploration & Production Company and McMoRan Exploration Co. (MMR). The PXP transaction closed on May 31, 2013 and the MMR transaction closed on June 3, 2013.
The transactions add a high quality portfolio of oil and gas assets to FCX’s global mining business to create a premier U.S.-based natural resource company. The acquired businesses provide exposure to energy markets with positive fundamentals, strong margins and cash flows, exploration leverage…
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