One-Page Deal Sheet
Occidental Petroleum Acquires Anschutz For $1.4 Billion
Occidental Petroleum Corp Anschutz Exploration Corporation
Announced Date
December 10,2010
Close Date
December 10,2010
Transaction Type
Corporate
Enterprise Value (EV)($MM)
1400
Asset/Basin:
{"Williston Basin"}
TargetZones:
{"Bakken Formation",
Net Acres
Proved Reserves
Location
Calculated Metrics( EV/Category)
Region
Williston Basin
Country
United States
State
North Dakota
Play
Production & Reserves Production
Reserves
Calculated Metrics( EV/Category)
$/ Flowing
$/ Acre
Transaction Details: Subscribe to see
Occidental also announced that it had executed agreements to purchase oil and gas properties in South Texas and North Dakota for about $3.2 billion. Occidental expects all of these transactions to be completed no later than the end of the first quarter of 2011, subject to normal regulatory approvals.
Occidental is purchasing, from a private seller, approximately 180,000 net contiguous acres in North Dakota which produce from the Bakken formation and are prospective in the Three Forks formation. The purchase price is approximately $1.4 billion. The assets currently produce approximately 5,500…
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