One-Page Deal Sheet
International Company Enters Eagle Ford; Acquires 170k Acres For $1.5 Billion
Ineos Group Chesapeake Energy Corp
Announced Date
February 21,2023
Effective Date
October 01,2022
Close Date
April 28,2023
Transaction Type
Asset
Enterprise Value (EV)($MM)
1400
Location
Calculated Metrics( EV/Category)
Region
Gulf Coast
Country
United States
State
Texas
County
Dimmit ,LaSalle ,MCMullen
Play
Production Production
Production Mix
Calculated Metrics( EV/Category)
$/ Flowing
$/ Acre
Transaction Details: Subscribe to see
Chesapeake said it has sold a portion of its remaining Eagle Ford asset to INEOS Energy for $1.4 billion.
The deal marks the entry of INEOS Energy as operator into the US onshore oil & gas market, as it acquires 2,300 wells, producing net 36,000 BOED.
The acquisition, which includes production and exploration leases across 172,000 net acres, is expected to complete in Q2, with an effective date of October 2022.
Transaction Details
Purchase Price : $1.4billion Land : 172,000 net acres Production : 36Mboe/d (81% liquids) Reserves : 144 MMboe"Over the last two decades, U.S. onshore oil and…
| Announced Date | Buyer | Seller | Deal Value($mm) | Location | Category |
|---|---|---|---|---|---|
| Aug-14-2023 |
-  |
- |
Click here | Texas | E&P |
| Jul-13-2023 |
- |
- |
Click here | Wyoming | E&P |
| May-03-2023 |
- |
- |
Click here | Texas | E&P |
| Feb-28-2023 |
- |
- |
Click here | Texas | E&P |
| Oct-03-2022 |
- |
- |
Click here | Texas | E&P |
| Date | Deal Headline | Price | $/acre |
|---|---|---|---|
| Feb-18-2026 | SM Energy Sells Eagle Ford Asset for $950 Million | - |
- |
| Nov-12-2025 | Baytex Energy Exits United States in $2.305B Eagle Ford Divestiture | - |
- |
| Nov-03-2025 | Viper Energy Divests Non-Permian Mineral & Royalty Portfolio to Warwick Capital and GRP Energy for $617MM | - |
- |