One-Page Deal Sheet
Penn Virginia to Acquire Lonestar in All-Stock Deal Worth $370MM
Penn Virginia Corp Lonestar Resources Ltd.
Announced Date
July 12,2021
Close Date
October 05,2021
Transaction Type
Corporate
Enterprise Value (EV)($MM)
370
Asset/Basin:
["Eagle Ford Shale"]
TargetZones:
["Eagle Ford Shale"]
Net Acres
PDP PV-10 ($MM)
PV-10 ($MM)
Location
Calculated Metrics( EV/Category)
Region
Gulf Coast
Country
United States
State
Texas
County
Fayette ,Lavaca ,Gonzales ,Dimmit ,Brazos ,La Salle
Play
Production Production
Production Mix
Calculated Metrics( EV/Category)
$/ Flowing
$/ Acre
$/Location
Residual Metrics Residual Value
Transaction Details: Require Private Equity Subscription
Penn Virginia Corp. has agreed to acquire Lonestar Resources US Inc. in an all-stock transaction worth ~$370 million.
Under the terms of the agreement, Lonestar shareholders will receive 0.51 shares of common stock of Penn Virginia for each share of common stock of Lonestar outstanding.
The transaction, which is expected to close in the second half of 2021, has been unanimously approved by the boards of directors of both companies.
Deal Details: Production: 13,000 BOEPD (70% liquids) Acreage: 53,000 net acres (across Fayette, Dimmit, La Salle, Gonzales, Lavaca and Brazos counties, Texas)| Announced Date | Buyer | Seller | Deal Value($mm) | Location | Category |
|---|---|---|---|---|---|
| Aug-14-2023 |
-  |
- |
Click here | Texas | E&P |
| Jul-13-2023 |
- |
- |
Click here | Wyoming | E&P |
| May-03-2023 |
- |
- |
Click here | Texas | E&P |
| Feb-28-2023 |
- |
- |
Click here | Texas | E&P |
| Feb-21-2023 |
- |
- |
Click here | Texas | E&P |
| Date | Deal Headline | Price | $/acre |
|---|---|---|---|
| Feb-18-2026 | SM Energy Sells Eagle Ford Asset for $950 Million | - |
- |
| Nov-12-2025 | Baytex Energy Exits United States in $2.305B Eagle Ford Divestiture | - |
- |
| Nov-03-2025 | Viper Energy Divests Non-Permian Mineral & Royalty Portfolio to Warwick Capital and GRP Energy for $617MM | - |
- |