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One-Page Deal Sheet

Newfield to Sell Assets in Oklahoma's Cherokee Basin for $128 Million

Sanchez Production Partners Lp Newfield Exploration Co.
AnnouncedAug 3, 2007
TypeProperty
Announced Date
August 03,2007
Close Date
September 21,2007
Transaction Type
Property
Enterprise Value (EV)($MM)
128




Snapshot
Asset/Basin:
{"Cherokee Basin"}
TargetZones:
{"Coalbed methane (C
Net Acres
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Location
Region
Mid-Continent

Country
United States

State
Oklahoma

Production
Production
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Calculated Metrics( EV/Category)
$/ Flowing
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$/ Acre
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Production ($/Mcfe/d)
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Transaction Details:  Require Private Equity Subscription

Newfield Exploration Company today announced the signing of a purchase and sale agreement to sell all of its coal bed methane assets in the Cherokee Basin of northeastern Oklahoma to Constellation Energy Partners (NYSE: CEP) for $128 million. The sale is expected to close in the third quarter of 2007.

Current net production is approximately 10 MMcf/d. The transaction includes the sale of more than 650 producing wells, Newfield's interests in approximately 80,000 net acres and a gas gathering system. Newfield entered this region in 2004 through the purchase of assets from two private companies.


Source : Require Private Equity Subscription

United States Deal Activity In Last 12 Months


Other Mid-Continent Region's Deals


Announced DateBuyerSellerDeal Value($mm)LocationCategory
Jan-27-2025 - - Click here Texas  E&P
Jul-29-2024 - - Click here Oklahoma  E&P
Mar-02-2022 - - Click here Oklahoma  E&P
Nov-10-2021 - - Click here Texas  E&P
May-18-2021 - - Click here Oklahoma  E&P

Other United States Deals


Announced DateBuyerSellerDeal Value($mm)LocationCategory
Feb-17-2026 - - Click here Oklahoma  E&P
Feb-02-2026 - - Click here Oklahoma  E&P
Sep-09-2025 - - Click here Oklahoma  E&P
Aug-07-2025 - - Click here Oklahoma  E&P
Mar-24-2025 - - Click here Oklahoma  E&P

Price History


Date Deal Headline Price$/acre
Feb-17-2026 Ovintiv Sells Anadarko Assets for $3 Billion -  
Feb-02-2026 Devon Acquires Coterra Energy; Bulk Up on Permian, Adds Gas Bank -  
Sep-09-2025 Diversified Energy Acquires Canvas Energy for $550MM -   2,137