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One-Page Deal Sheet

Lucas to Acquire MidContinent Acreage Package; 1,200 BOE/d

Lucas Energy, Inc. Not Disclosed
AnnouncedDec 31, 2015
TypeProperty
LocationHunton Lime Formation,Mid-Continent
Announced Date
December 31,2015
Close Date
August 25,2016
Transaction Type
Property
Enterprise Value (EV)($MM)
36




Snapshot
Asset/Basin:
{Mid-Continent}
TargetZones:
{"Hunton Formation"}
Net Acres
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Location
Region
Mid-Continent

Country
United States

State
Oklahoma

Play
Hunton Lime Formation,Mid-Continent


Production
Production
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Calculated Metrics( EV/Category)
$/ Flowing
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$/ Acre
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$/Location
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Transaction Details:  Subscribe to see

Lucas Energy, Inc. has signed a purchase agreement to acquire, from 21 different entities and individuals, working interests in producing properties and undeveloped acreage. 

The assets being acquired include varied interests in two largely contiguous acreage blocks in the liquids-rich Mid-Continent region.  The properties currently produce in excess of 1,200 net barrels of oil equivalent per day (BOE/d), of which 53% are liquids from 114 producing wells.  The bulk of the production is from the Hunton formation holding approximately 43,000 gross acres (9,900 net acres) in central Oklahoma…


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Other Mid-Continent Region's Deals


Announced DateBuyerSellerDeal Value($mm)LocationCategory
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

Price History


Date Deal Headline Price$/acre
Jan-26-2018 Gastar Sells Hunton Lime Property for $107.5MM - -
Oct-14-2015 Gastar Makes Deal for Hunton Lime / STACK Working Interest - -
Sep-06-2013 Gastar to Bolt On Producing Hunton Lime Assets - -