One-Page Deal Sheet
Mariner Energy Acquires Spraberry and Gulf of Mexico Interest
Mariner Energy, Inc. Not Disclosed
Announced Date
March 01,2008
Close Date
January 31,2008
Transaction Type
Corporate
Enterprise Value (EV)($MM)
366
Asset/Basin:
{"Permian Basin","Gulf of Mexico Shelf"}
TargetZones:
{"Spraberry Trend"}
Net Acres
Transaction Details: Subscribe to see
Mariner Energy, Inc. announced today that it has entered into separate agreements to acquire additional Spraberry interests in the Permian Basin from an undisclosed party for approximately $122.5 million and to acquire StatoilHydro's Gulf of Mexico shelf operations for $243 million. Both acquisitions are cash transactions and are expected to be funded under Mariner's bank credit facility.
Permian Basin Acquisition
Mariner's acquisition in the Permian Basin involves an approximate 56% working interest in approximately 32,000 gross acres in Reagan, Midland, Dawson, Glasscock, Martin and Upton…
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