One-Page Deal Sheet
Penn Virginia Ditches East TX Cotton Valley, Haynesville Assets
Covey Park Energy LLC Penn Virginia Corp
Announced Date
July 16,2015
Effective Date
May 01,2015
Close Date
August 31,2015
Transaction Type
Property
Enterprise Value (EV)($MM)
75
Asset/Basin:
{Ark-La-Tex,"East Texas",Haynesville}
TargetZones:
{"Cotton Valley","Ha
Net Acres
% Oil:
Proved Reserves
Location
Calculated Metrics( EV/Category)
Region
Ark-La-Tex
Country
United States
State
Texas
County
Harrison
Play
Production & Reserves Production
Production Mix
Reserves
Calculated Metrics( EV/Category)
$/ Flowing
$/ Acre
Production ($/Mcfe/d)
Transaction Details: Require Private Equity Subscription
Closing Announcement - August 31, 2015
Penn Virginia Corporation announced that it has closed the previously announced sale of its East Texas assets. The net cash proceeds from the sale were approximately $74 million, including customary closing adjustments.
The divestiture was already given effect in our most recent 2015 guidance.
Initial Announcement - July 16, 2015Penn Virginia Corporation has entered into an agreement to sell its East Texas assets to an undisclosed buyer for gross cash proceeds of $75 million.
According the The sale is expected to close by the end of August 2015 and is…
Ark-La-Tex Deal Activity In Last 12 Months
| Announced Date | Buyer | Seller | Deal Value($mm) | Location | Category |
|---|---|---|---|---|---|
| Feb-26-2026 |
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Click here | E&P | |
| Jan-16-2026 |
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| Oct-23-2025 |
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| Jan-11-2024 |
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| Dec-15-2023 |
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| Date | Deal Headline | Price | $/acre |
|---|---|---|---|
| Feb-26-2026 | Diversified Energy Extends East Texs Footprint in $245MM Sheridan Deal | - |
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| Apr-01-2025 | TG Natural Resources Acquires Interest in Chevron’s Haynesville Asset | - |
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| Dec-15-2023 | TG Natural Resources To Acquire backed-Rockcliff Energy II For $2.7 Billion | - |
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