One-Page Deal Sheet
Permian Player to Divest $242 Million in Midland Basin Assets
Parsley Energy Inc. Cimarex Energy Co.
Announced Date
August 26,2014
Effective Date
September 01,2014
Close Date
September 30,2014
Transaction Type
Property
Enterprise Value (EV)($MM)
242
Asset/Basin:
{Permian,"Midland Basin"}
TargetZones:
{"Wolfcamp A","Wolfc
Net Acres
Net Operated Locations:
Location
Calculated Metrics( EV/Category)
Region
Permian
Country
United States
State
Texas
County
Reagan
Play
Production Production
Production Mix
Calculated Metrics( EV/Category)
$/ Flowing
$/ Acre
$/Location
Transaction Details: Subscribe to see
Parsley Energy, Inc announced it has entered into agreements in separate transactions with multiple sellers to acquire certain undeveloped acreage and producing oil and gas properties located adjacent to the Company’s existing operating areas in Reagan County, TX for an approximate aggregate price of $252 million.
Acquisition Highlights
157 net horizontal drilling locations across 5,472 net acres in Reagan County Average stimulated lateral of approximately 6,900 feet per acquired drilling location Contiguous bolt-on acreage enables conversion of 30 existing short lateral drilling locations…Permian Deal Activity In Last 12 Months
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|---|---|---|---|---|---|
| Feb-02-2026 |
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| Nov-03-2025 |
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| Jan-30-2025 |
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| Jan-27-2025 |
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| Jan-04-2024 |
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