One-Page Deal Sheet
Midstates Petroleum to Acquire Mississippian Lime Properties
Midstates Petroleum Eagle Energy Production Llc
Announced Date
August 13,2012
Effective Date
June 01,2012
Close Date
October 01,2012
Transaction Type
Property
Enterprise Value (EV)($MM)
650
Asset/Basin:
{Mid-Continent}
TargetZones:
{"Mississippian Lime
Net Acres
Proved Reserves
Location
Calculated Metrics( EV/Category)
Region
Mid-Continent
Country
United States
State
Oklahoma
Play
Production & Reserves Production
Reserves
Calculated Metrics( EV/Category)
$/ Flowing
$/ Acre
$/Location
Transaction Details: Require Private Equity Subscription
Midstates Petroleum Company, Inc., announced that it has entered into an Asset Purchase Agreement with Eagle Energy Production, LLC , a private exploration and production company, to acquire all of their producing properties as well as their developed and undeveloped acreage primarily in the Mississippian Lime oil play in Oklahoma and Kansas for $325 million in cash and 325,000 shares of Series A Preferred Stock of Midstates with an initial liquidation preference value of $1,000 per share. The transaction will be effective June 1, 2012 and closing is expected on or about October 1, 2012…
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| Date | Deal Headline | Price | $/acre |
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