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One-Page Deal Sheet

Noble Energy Sells Mid-continent Properties

Unit Corp. Noble Energy, Inc.
AnnouncedJul 11, 2012
TypeProperty
LocationWoodford Shale
Announced Date
July 11,2012
Effective Date
April 01,2012
Close Date
September 17,2012
Transaction Type
Property
Enterprise Value (EV)($MM)
617




Snapshot
Asset/Basin:
{"Anadarko Basin"}
TargetZones:
{"Granite Wash",Clev
Net Acres
% Oil:

Proved Reserves

Location
Region
Mid-Continent

Country
United States

State
Texas

Play


Production & Reserves
Production

Reserves


Calculated Metrics( EV/Category)
$/ Flowing

$/ Acre

Production ($/Mcfe/d)

Transaction Details:  Subscribe to see

Noble Energy, Inc. today announced that it has signed a definitive agreement to sell certain oil and natural gas properties in western Oklahoma and the Texas Panhandle to Unit Petroleum Company, a wholly owned subsidiary of Unit Corporation (NYSE: UNT), for $617 million. The transaction has an effective date of April 1, 2012 and is expected to close in September 2012, subject to customary closing conditions and adjustments.

The properties include Noble Energy's interest in about 900 producing wells on approximately 84,000 net acres. As of the effective date, net daily production was nearly 60…



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