One-Page Deal Sheet
Panhandle Inks Deal for Minerals, Producing Assets; Bakken, Permian, MidCon
Panhandle Oil and Gas Inc. Not Disclosed
Announced Date
July 19,2018
Effective Date
June 01,2018
Close Date
August 21,2018
Transaction Type
Property
Enterprise Value (EV)($MM)
9
Asset/Basin:
{"Williston Basin","Permian - Delaware Basin","Permian - Midland Basin",Mid-Continent,Rockies}
TargetZones:
{Bakken,"Three Forks
Net Acres
Location
Calculated Metrics( EV/Category)
Region
Williston Basin,Rockies,Mid-Continent,Permian - Delaware Basin,Permian - Midland Basin
Country
United States
State
North Dakota
County
Williams ,McKenzie ,Dunn ,Divide
Play
Production Production
Calculated Metrics( EV/Category)
$/ Flowing
$/ Acre
$/Location
Transaction Details: Subscribe to see
Panhandle Oil & Gas has inked a deal to acquire mineral acreage and producing oil and gas properties in the Bakken, MidContinent and Colorado/Wyoming regions from a private seller for total consideration of $9.0 million in cash.
Details: 4,517 net mineral acres total Bakken: 3,126 net mineral acres in the core of the Bakken/Three Forks Play in Williams, McKenzie, Dunn and Divide Counties, N.D. Current net production of 53 BOEPD Royalty Interest in 114 Bakken/Three Forks wells (94 producing / 20 DUCs) Royalty interest in 194 Bakken/Three Forks undeveloped locations at current…| Date | Deal Headline | Price | $/acre |
|---|---|---|---|
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