One-Page Deal Sheet
Permian Properties go to Concho
Concho Resources, Inc. Not Disclosed
Announced Date
November 23,2009
Effective Date
January 01,2010
Close Date
November 23,2009
Transaction Type
Property
Enterprise Value (EV)($MM)
225
Asset/Basin:
{"Permian Basin"}
TargetZones:
{Wolfberry}
Location
Country
United States
State
Texas
Transaction Details: Subscribe to see
Concho Resources Inc. today announced that it has entered into a definitive agreement with multiple private sellers to acquire interests in certain producing and non-producing assets in the Wolfberry trend in the Permian Basin for $225 million in cash, subject to usual and customary closing adjustments.
The acquisition of these interests is subject to certain participation rights of third parties; therefore, the Company’s final ownership level in these acquired assets will be between approximately 20% and 100%. This transaction is scheduled to close in December 2009 and the Company will…
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