One-Page Deal Sheet
Laredo to Sell Anadarko Basin Assets to EnerVest
Enervest Ltd. Laredo Petroleum Inc.
Announced Date
May 21,2013
Effective Date
April 01,2013
Close Date
August 01,2013
Transaction Type
Property
Enterprise Value (EV)($MM)
438
Asset/Basin:
{"Anadarko Basin"}
TargetZones:
{"Granite Wash"}
Net Acres
Proved Reserves
Location
Calculated Metrics( EV/Category)
Region
Mid-Continent
Country
United States
State
Oklahoma
Play
Production & Reserves Reserves
Calculated Metrics( EV/Category)
$/ Acre
Transaction Details: Require Private Equity Subscription
Laredo Petroleum Holdings, Inc. announced that the Company has signed an agreement with various affiliates of EnerVest, Ltd. to sell all of Laredo’s interests in properties and assets in the Anadarko Basin.
Under the agreement, which has an effective date of April 1, 2013, EnerVest will acquire approximately 104,000 net acres of leasehold held by Laredo in the Anadarko Basin of Western Oklahoma and the Texas Panhandle and associated infrastructure. At closing, EnerVest will pay $438 million in cash to Laredo, before normal closing adjustments.
During the first quarter of 2013, Laredo’s…
| Announced Date | Buyer | Seller | Deal Value($mm) | Location | Category |
|---|---|---|---|---|---|
| Jan-27-2025 |
-  |
- |
Click here | Texas | E&P |
| Jul-29-2024 |
- |
- |
Click here | Oklahoma | E&P |
| Mar-02-2022 |
- |
- |
Click here | Oklahoma | E&P |
| Nov-10-2021 |
- |
- |
Click here | Texas | E&P |
| May-18-2021 |
- |
- |
Click here | Oklahoma | E&P |
| Date | Deal Headline | Price | $/acre |
|---|---|---|---|
| Nov-13-2023 | Mach Acquires Anadarko Assets from PE-Backed Paloama Partners | - |
- |
| Jul-31-2018 | Penn Virginia Sells Off Oklahoma Assets to Undisclosed Buyer | - |
- |
| Oct-08-2016 | Fairway Resources Partners Scores 223,000 Net Acres In The Anadarko Basin | - |
- |