One-Page Deal Sheet
Midstates Petroleum to Acquire Anadarko Basin Assets
Midstates Petroleum Linn Energy, Inc, Panther Energy Company, Llc, Red Willow Mid-Continent, Llc
Announced Date
April 04,2013
Effective Date
April 01,2013
Close Date
May 31,2013
Transaction Type
Property
Enterprise Value (EV)($MM)
620
Asset/Basin:
{"Anadarko Basin"}
TargetZones:
{Cleveland,Marmaton,
Net Acres
% Oil:
Proved Reserves
Location
Calculated Metrics( EV/Category)
Region
Mid-Continent
Country
United States
State
Texas
Play
Production & Reserves Production
Reserves
Calculated Metrics( EV/Category)
$/ Flowing
$/ Acre
Transaction Details: Require Private Equity Subscription
Midstates Petroleum Company Inc. has entered into a Purchase and Sale Agreement with Panther Energy, LLC, and its partners Red Willow Mid-Continent LLC and LINN Energy Holdings LLC, to acquire producing properties as well as developed and undeveloped acreage in the Anadarko Basin in Texas and Oklahoma for $620 million in cash.
Both Panther Energy, LLC and Red Willow Mid-Continent, LLC are subsidiaries of the Southern Ute Indian Tribe Growth Fund. Primary horizontal drilling targets include the Cleveland, Marmaton, Cottage Grove, and Tonkawa formations.
The transaction will be effective April…
| Announced Date | Buyer | Seller | Deal Value($mm) | Location | Category |
|---|---|---|---|---|---|
| Jan-27-2025 |
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| Jul-29-2024 |
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| Mar-02-2022 |
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| Nov-10-2021 |
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| May-18-2021 |
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| Date | Deal Headline | Price | $/acre |
|---|---|---|---|
| Dec-20-2013 | Peregrine Petroleum Dives into Anadarko Basin via Asset Deal | - |
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| Dec-09-2013 | Chaparral Acquires Cabot's MidContinent Assets | - |
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| May-21-2013 | Laredo to Sell Anadarko Basin Assets to EnerVest | - |
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