One-Page Deal Sheet
Panhandle Oil and Gas Acquires Fayetteville Assets
Panhandle Oil and Gas Inc. Not Disclosed
Announced Date
October 27,2011
Close Date
October 25,2011
Transaction Type
Property
Enterprise Value (EV)($MM)
18
Asset/Basin:
{"Arkoma Basin","Fayetteville Shale"}
TargetZones:
{"Fayetteville Shale
Net Acres
Location
Calculated Metrics( EV/Category)
Region
Ark-La-Tex
Country
United States
State
Arkansas
County
Conway ,Van Buren ,Cleburne
Play
Production Production
Calculated Metrics( EV/Category)
$/ Flowing
$/ Acre
$/Location
Transaction Details: Subscribe to see
PANHANDLE OIL AND GAS INC. reported that on Oct. 25, 2011, it closed on the acquisition of certain Fayetteville assets first reported in an Oct. 4, 2011, press release reporting the signing of an intent to purchase the assets. The purchase price was $17,500,000.The assets were acquired from a private seller and include interests in 193 producing non-operated natural gas wells and 1,531 acres of leasehold located in Van Buren, Conway and Cleburne Counties, Arkansas, in the core of the Fayetteville Shale.
There are approximately 240 future infill drilling locations identified on the leasehold…
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| Date | Deal Headline | Price | $/acre |
|---|---|---|---|
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