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One-Page Deal Sheet

Parsley Acquires More Glasscook County, TX Acreage ; $400 Million

Parsley Energy Inc. BTA Oil Producer LLC
AnnouncedAug 15, 2016
TypeProperty
LocationMidland Basin
Announced Date
August 15,2016
Close Date
October 04,2016
Transaction Type
Property
Enterprise Value (EV)($MM)
400




Snapshot
Asset/Basin:
{"Permian (Midland Basin)"}
TargetZones:
{"Lower Spraberry","
Net Acres
Net Operated Locations:

Location
Region
Permian

Country
United States

State
Texas

County
Glasscock

Play


Production
Production


Calculated Metrics( EV/Category)
$/ Flowing

$/ Acre

$/Location

Transaction Details:  Subscribe to see

8-16-2016

Shale Experts : Based on our proprierty analysis of the acreage position it was revealed that the Seller is BTA Producers Inc.

8-15-2016

Parsley Energy, Inc. annouced it is acquiring undeveloped acreage and producing oil and gas properties in Glasscock County, Texas, as well as associated mineral and overriding royalty interests, purchase price of $400 million in cash.

11,672 gross (9,140 net) leasehold acres near existing Parsley leasehold in Glasscock County, Texas Mineral and overriding royalty interests boost net revenue interest by approximately 5% on average Estimated…

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Price History



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