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Jones Energy Sells Arkoma Gas Asset for $65 Million; Exits Basin
Announced Date
June 22,2017
Deal Value $
70,000,000
Net Acres
4,200
Transaction Type
Property
Buyer
Not Disclosed
Seller
Price Per BOE $
40,000
Location
Multiples
Region
Mid-Continent - Arkoma Basin
Country
United States
State
Oklahoma
County
Atoka ,Coal ,Hughes ,Pittsburg
Play
Production & Reserves Production
3,000 Boe/d
Production Mix
63 % Liquid
Reserves
14 MMboe (1P)
Multiples
Production ($/boe/d)
23,333
$Price/Net Acre
16,667
$1P
Boe
5
Adj. $/acre is based on production
@40,000 Boe/d
Transaction Details:
Jones Energy Sells Mid-Continent asset for $70 million ($65 million attributed to the Arkoma asset). The buyer was not disclosed. The company will now focus its efforts on the western Anadarko and Merge play. According to the company's 10k, the Arkoma Woodford produced 3 Mboe/d (33% oil) as of December 2016. The company estimates the properties contain 14 MMboe of proved reserves of which 33% is oil and NGLs.
| Announced Date | Buyer | Seller | Deal Value($mm) | Location | Category |
|---|---|---|---|---|---|
| Jul-08-2019 |
-  |
- |
Click here | Oklahoma | E&P |
| Dec-12-2018 |
- |
- |
Click here | Oklahoma | E&P |
| Nov-01-2018 |
- |
- |
Click here | Utah | E&P |
| Jan-18-2018 |
- |
- |
Click here | Oklahoma | E&P |
| Sep-14-2017 |
- |
- |
Click here | Oklahoma | E&P |
| Date | Deal Headline | Price | $/acre |
|---|---|---|---|
| Jul-08-2019 | Encana to Sell Arkoma Basin Gas Assets for $165 Million | - |
- |
| Dec-12-2018 | Riviera Resources Sells Arkoma Assets for $68MM | - |
- |
| Nov-01-2018 | Encana to Acquire Newfield in All-Stock Deal Worth $5.5 Billion | - |
- |
| Announced Date | Buyer | Seller | Deal Value($mm) | Location | Category |
|---|---|---|---|---|---|
| Aug-18-2016 |
- |
- |
Click here | Oklahoma | E&P |
| Aug-04-2016 |
- |
- |
Click here | Texas | E&P |
| Nov-05-2015 |
- |
- |
Click here | Oklahoma | E&P |
| Dec-10-2014 |
- |
- |
Click here | Texas | E&P |
| Nov-26-2013 |
- |
- |
Click here | Texas | E&P |