One-Page Deal Sheet
Laredo Bolts On Midland Basin / Spraberry Asset for $65MM
Laredo Petroleum Inc. Pioneer Natural Resources Co.
Announced Date
December 09,2019
Close Date
December 06,2019
Transaction Type
Property
Enterprise Value (EV)($MM)
65
Asset/Basin:
{"Permian - Midland Basin"}
TargetZones:
{"Lower Spraberry","
Net Acres
% Oil:
Net Operated Locations:
Location
Calculated Metrics( EV/Category)
Region
Permian - Midland Basin
Country
United States
State
Texas
County
Glasscock
Play
Production Production
Production Mix
Calculated Metrics( EV/Category)
$/ Flowing
$/ Acre
$/Location
Transaction Details: Subscribe to see
Laredo Petroleum, Inc. has closed a bolt-on acquisition of 4,475 contiguous net acres in Glasscock County for $65 million.
While the seller was not disclosed, Shale Experts was able to confirm it was Pioneer Natural Resources by information in our Permian Basin Map Database.
Acquisition Highlights Current net production of 1,400 BOEPD (55% oil) Approximately 45 total gross (35 net) expected locations across the Lower Spraberry, Upper Wolfcamp and Middle Wolfcamp formations at 1,320' spacing, 80% of acreage held by production Located in an area of high oil productivity with relevant…Permian - Midland Basin Deal Activity In Last 12 Months
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