One-Page Deal Sheet
Panhandle Seals Deal for Cheyenne Eagle Ford Acreage
Panhandle Oil and Gas Inc. Cheyenne Petroleum Co
Announced Date
May 16,2014
Effective Date
April 01,2014
Close Date
June 17,2014
Transaction Type
Farm-In/Farm Out
Enterprise Value (EV)($MM)
82
Asset/Basin:
{"Eagle Ford"}
TargetZones:
{"Eagle Ford Shale",
Net Acres
% Oil:
Location
Calculated Metrics( EV/Category)
Region
Gulf Coast - South Texas
Country
United States
State
Texas
County
Frio ,LaSalle
Play
Production Production
Calculated Metrics( EV/Category)
$/ Flowing
$/ Acre
$/Location
Transaction Details: Subscribe to see
Closing Announcement - June 17, 2014
Panhandle Oil & Gas Inc. has reported that on June 17, 2014, it closed on the acquisition of certain Eagle Ford assets. The transaction was first announced in a May 15, 2014, press release reporting the signing of an intent to purchase the assets. The purchase price was $80,400,000. This acquisition was funded by utilizing the Company's bank credit facility.
The assets were acquired from private sellers and currently include a 16% non-operated working interest in an 11,100 gross leasehold acres (1,775 net acres) block that is largely contiguous and…
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|---|---|---|---|---|---|
| Feb-18-2026 |
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| May-16-2024 |
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| Nov-03-2022 |
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| Date | Deal Headline | Price | $/acre |
|---|---|---|---|
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