One-Page Deal Sheet
Laramie Acquires Oxy's Piceance Basin Position; 71,000 Net Acres
Laramie Energy II LLC Occidental Petroleum Corp
Announced Date
December 17,2015
Close Date
March 01,2016
Transaction Type
Property
Enterprise Value (EV)($MM)
158
Asset/Basin:
{"Piceance Basin"}
TargetZones:
{"Mesaverde (tight g
Net Acres
Proved Reserves
Location
Calculated Metrics( EV/Category)
Region
Rockies - Piceance/Uinta
Country
United States
State
Wyoming
Play
Production & Reserves Production
Reserves
Calculated Metrics( EV/Category)
$/ Flowing
$/ Acre
$/Location
Production ($/Mcfe/d)
Transaction Details: Require Private Equity Subscription
Par Pacific Holdings, Inc. announced that Piceance Energy, LLC d/b/a Laramie Energy Company, has entered into an agreement to acquire certain properties in the Piceance Basin for $157.5 million (subject to customary purchase price adjustments).
The seller has been identified as Occidental Petroleum.
The assets consist of approximately (i) 89 million cubic feet equivalent per day of existing production during November 2015, (ii) 283 billion cubic feet equivalent of proved developed producing reserves as of November 2015 and (iii) more than 53,000 net operated acres and more than 18,000 net…
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