One-Page Deal Sheet
Maverick Natural Resources Inks $440MM Deal for Permian Assets
Maverick Natural Resources LLC Not Disclosed
Announced Date
January 28,2022
Effective Date
September 01,2021
Transaction Type
Property
Enterprise Value (EV)($MM)
440
Asset/Basin:
["Permian Basin", "Central Basin Platform", "Northwest Shelf"]
TargetZones:
[]
Net Acres
% Oil:
Location
Calculated Metrics( EV/Category)
Region
Permian - Central Basin
Country
United States
State
Texas
County
Andrews ,Ector
Play
Production Production
Production Mix
Calculated Metrics( EV/Category)
$/ Flowing
$/ Acre
$/EBITDA
Transaction Details: Require Private Equity Subscription
Maverick Natural Resources has agreed to acquire certain producing properties in the Permian Basin from ConocoPhillips for a purchase price of $440 million.
The seller was not disclosed.
Maverick is backed by EIG.
Deal Details: The assets are located in the Central Basin Platform / Northwest Shelf of the Permian. Acreage: 144,500 net acres across Andrews (Texas), Ector (Texas), Eddy (N.M.), and Lea (N.M.) Counties and is largely operated and held by production Production: 11,000 boepd (50% oil)The acquisition was approved by Maverick’s board of directors and majority equity owner, EIG…
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|---|---|---|---|---|---|
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