One-Page Deal Sheet
Newfield Finalizes Sale of Granite Wash Property
Templar Energy LLC Newfield Exploration Co.
Announced Date
July 30,2014
Effective Date
July 01,2014
Close Date
September 22,2014
Transaction Type
Property
Enterprise Value (EV)($MM)
588
Asset/Basin:
{"Granite Wash","Anadarko Basin"}
TargetZones:
{"Granite Wash"}
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
Transaction Details: Require Private Equity Subscription
Closing Announcement - September 22, 2014
Newfield Exploration Company closed on the sale of its Granite Wash assets. As previously announced, the purchase price was $588 million (after-tax proceeds were approximately $582 million). Proceeds will be used to call Newfield's 71/8 % Senior Subordinated Notes due 2018.
As a result of the sale, Newfield adjusted its 2014 production guidance and provided an estimate for its Granite Wash volumes in 2014-16. Full-year net production from Granite Wash in 2014-16 would have been approximately 4 MMBOE, 3.1 MMBOE and 2.7 MMBOE, respectively. Over the…
| Date | Deal Headline | Price | $/acre |
|---|---|---|---|
| Nov-13-2023 | Mach Acquires Anadarko Assets from PE-Backed Paloama Partners | -  |
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| Jul-31-2018 | Penn Virginia Sells Off Oklahoma Assets to Undisclosed Buyer | - |
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| Oct-08-2016 | Fairway Resources Partners Scores 223,000 Net Acres In The Anadarko Basin | - |
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