One-Page Deal Sheet
PE-Backed E&P Acquires San Juan BasinProperty for $700 Million
Enduring Resources, Llc WPX Energy, Inc.
Announced Date
February 05,2018
Close Date
March 29,2018
Transaction Type
Property
Enterprise Value (EV)($MM)
700
Asset/Basin:
{"San Juan Basin"}
TargetZones:
{"Gallup oil play","
Net Acres
Location
Calculated Metrics( EV/Category)
Region
Rockies - San Juan Basin
Country
United States
State
Colorado
Play
Production Production
Production Mix
Calculated Metrics( EV/Category)
$/ Flowing
$/ Acre
$/Location
Transaction Details: Require Private Equity Subscription
WPX Energy has agreed to sell its San Juan Basin Gallup oil assets for $700 million to Enduring Resources IV, LLC.
This deal closed on March 29, 2018.
The transaction completes WPX's exit from the San Juan Basin, and the company will now focus on its two remaining core positions in the Delaware (Permian) and Williston basins.
Gallup oil production averaged 10.8 Mbbl/d in third-quarter 2017.
While no acreage was provided in the deal, WPX's investor presentation noted that the assets include 226,000 net acres and 3,900 gross locations.
CIBC Griffis & Small provided advisory services to WPX for…
| Announced Date | Buyer | Seller | Deal Value($mm) | Location | Category |
|---|---|---|---|---|---|
| Jul-10-2025 |
-  |
- |
Click here | Colorado | E&P |
| May-28-2020 |
- |
- |
Click here | Colorado | E&P |
| Feb-18-2019 |
- |
- |
Click here | Colorado | E&P |
| Oct-01-2018 |
- |
- |
Click here | New Mexico | E&P |
| Dec-08-2017 |
- |
- |
Click here | Colorado | E&P |
| Date | Deal Headline | Price | $/acre |
|---|---|---|---|
| Jul-10-2025 | Mach Resources Buys San Juan Gas Asset for $787 Million | - |
- |
| May-28-2020 | MorningStar Acquires Bankrupt Southland Royalty's Assets for $11.3MM | - |
- |
| Oct-01-2018 | Encana Sells Off San Juan Assets for $480 Million | - |
- |