One-Page Deal Sheet
Hess to Drop Utica Shale Dry Gas Assets in $924MM Deal
American Energy Partners, Ascent Resources LLC Hess Corp
Announced Date
January 29,2014
Transaction Type
Property
Enterprise Value (EV)($MM)
924
Asset/Basin:
{"Utica Shale"}
TargetZones:
{"Utica Shale"}
Net Acres
Location
Calculated Metrics( EV/Category)
Region
Northeast
Country
United States
State
Ohio
Play
Calculated Metrics( EV/Category)
$/ Acre
Transaction Details: Require Private Equity Subscription
Update 1/29/2014 - 7:15 pm CST
WSJ is reporting that American Energy Partners acquired the acreage from Hess. Read here
See acreage map below.
Hess Corporation has entered into an agreement to sell approximately 74,000 acres of its dry gas acreage in the Utica Shale to an undisclosed third party for a consideration of $924 million.
Approximately two-thirds of these proceeds are expected at the end of the first quarter of this year, with the balance to be received in the third quarter.
Proceeds from these sales will be used for additional share repurchases…
| Announced Date | Buyer | Seller | Deal Value($mm) | Location | Category |
|---|---|---|---|---|---|
| Jan-24-2020 |
-  |
- |
Click here | Pennsylvania | E&P |
| Dec-19-2019 |
- |
- |
Click here | Ohio | E&P |
| Oct-21-2019 |
- |
- |
Click here | Pennsylvania | E&P |
| Jul-19-2019 |
- |
- |
Click here | Pennsylvania | E&P |
| Jul-19-2019 |
- |
- |
Click here | Pennsylvania | E&P |
| Date | Deal Headline | Price | $/acre |
|---|---|---|---|
| Dec-08-2025 | Infinity Natural and Northern Oil & Gas Acquire Antero's Ohio Utica for $1.2B | - |
- |
| May-30-2025 | EOG Acquires Utica Liquids Focus Encino For $5.6 Billion | - |
- |
| Dec-05-2024 | CNX Acquires Apex’s Appalachian Gas & Midstream Assets for $505MM | - |
- |