One-Page Deal Sheet
Juno Energy II Sells Permian Waterflood Property To Surge Operating
Blue Whale Energy, Surge Operating, LLC Juno Energy II LLC
Announced Date
November 24,2014
Close Date
April 30,2015
Transaction Type
Property
Enterprise Value (EV)($MM)
315
Asset/Basin:
{Permian}
TargetZones:
{Clearfork}
Net Acres
% Oil:
Proved Reserves
Location
Calculated Metrics( EV/Category)
Region
Permian
Country
United States
State
Texas
County
Crosby
Play
Production & Reserves Production
Production Mix
Reserves
Calculated Metrics( EV/Category)
$/ Flowing
$/ Acre
Transaction Details: Require Private Equity Subscription
Blue Whale closed a transaction in April 2015 with Juno Energy II, a private company, for $315 Million USD on behalf of Surge Energy America, LLC. These assets consist of approximately 2500 BOEPD and over 7,100 net acres in Crosby County, Texas on the northern edge of the Permian Basin.
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Blue Whale Energy North America Corporation, is acquiring the waterflood property in Crosby Co. Texas from privately held Juno Energy II.
Located within the prolific Clearfork trend, the assets have long-life, shallow-decline production of 1,700 bopd with proved reserves…
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