One-Page Deal Sheet
Penn Virginia to Bolt On Eagle Ford Acreage in Lavaca County
Not Disclosed Not Disclosed
Announced Date
July 11,2014
Transaction Type
Property
Enterprise Value (EV)($MM)
45
Asset/Basin:
{"Eagle Ford Shale"}
TargetZones:
{"Upper Eagle Ford S
Net Acres
11,660
Source Documents:
Location
Calculated Metrics( EV/Category)
Region
Gulf Coast - South Texas
Country
United States
State
Texas
County
Lavaca
Play
Calculated Metrics( EV/Category)
$/ Acre
3,859
$/Location
300,000
Transaction Details:
Penn Virginia Corporation has entered into a definitive agreement to acquire approximately 13,125 (11,660 net) Eagle Ford Shale acres in Lavaca County, Texas for approximately $45 million, of which approximately $34 million will be paid at closing and the balance of approximately $11 million will be paid over time as a drilling carry.
The sale is expected to close in August 2014
The acquired acreage is adjacent to our Shiner area and is estimated to contain approximately 150 gross potential drilling locations, most of which we expect will be prospective in the Upper Eagle Ford Shale.
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| Date | Deal Headline | Price | $/acre |
|---|---|---|---|
| Feb-18-2026 | SM Energy Sells Eagle Ford Asset for $950 Million | - |
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