One-Page Deal Sheet
Oxy to Sell Kansas Hugoton Gas Assets in Billion-Dollar Deal
Not Disclosed Occidental Petroleum Corp
Announced Date
February 13,2014
Transaction Type
Property
Enterprise Value (EV)($MM)
1400
Asset/Basin:
{Hugoton}
TargetZones:
{"Hugoton Field"}
Net Acres
% Oil:
Location
Calculated Metrics( EV/Category)
Region
Mid-Continent
Country
United States
State
Kansas
Production Production
Calculated Metrics( EV/Category)
$/ Flowing
$/ Acre
Production ($/Mcfe/d)
Transaction Details: Subscribe to see
Occidental Petroleum Corporation has reached a definitive agreement to sell its Hugoton Field assets to an undisclosed buyer for pre-tax proceeds of $1.4 billion.
This sale was approved by the Board of Directors as part of Occidental’s strategic review to streamline and focus operations where it has depth and scale in order to better execute the Company’s long-term strategy and enhance value for shareholders.
The Hugoton Field properties comprise interests in more than 1.4 million net acres in one of the largest natural gas fields in the United States, spanning southwest Kansas, the Oklahoma…
United States Deal Activity In Last 12 Months
| Announced Date | Buyer | Seller | Deal Value($mm) | Location | Category |
|---|---|---|---|---|---|
| Mar-02-2022 |
-  |
- |
Click here | Kansas | E&P |
| Jan-08-2020 |
- |
- |
Click here | Kansas | Midstream |
| Nov-07-2019 |
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- |
Click here | Kansas | E&P |
| Aug-28-2019 |
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- |
Click here | Kansas | E&P |
| Aug-19-2019 |
- |
- |
Click here | Kansas | Service |
| Date | Deal Headline | Price | $/acre |
|---|---|---|---|
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|
1,008 |
| Aug-28-2019 | Riviera Resources Exits the Hugoton in $295MM Deal | -
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263 |
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