One-Page Deal Sheet
Osaka Gas to Acquire Haynesville-Focused Sabine Oil & Gas
Osaka Gas Co. Sabine Oil & Gas Corp
Announced Date
July 29,2019
Close Date
December 02,2019
Transaction Type
Property
Enterprise Value (EV)($MM)
600
Asset/Basin:
{"Haynesville Shale","Cotton Valley"}
TargetZones:
{"Haynesville Shale"
Net Acres
Location
Calculated Metrics( EV/Category)
Region
Ark-La-Tex - East Texas
Country
United States
State
Texas
County
Panola ,Harrison ,Rusk ,Upshur
Play
Production Production
Production Mix
Calculated Metrics( EV/Category)
$/ Flowing
$/ Acre
Production ($/Mcfe/d)
Transaction Details: Require Private Equity Subscription
Osaka Gas plans to acquire Sabine Oil & Gas property in the Haynesville in a transaction worth $600 million.
The company is acquiring the assets to enhance its core business, FreePort LNG liquefaction project, IPP projects and now Sabine's Shale gas project.
About the asset:
Land : 175,000 net acres in East Texas Panola, Rusk and Upshur counties Production : 210 MMcfe/d of gas Wells : 1200 wells on production Drilling Activity- Rig Count : 2 Active Rigs (Upshur, Harrison)Drilling Activity (rig count by county)
As you might remember, Osaka had acquired a 35% in backed in July of 2018 in…
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