One-Page Deal Sheet
PetroQuest Ditches Woodford, MissLime Assets
Not Disclosed Petroquest Energy Inc.
Announced Date
June 08,2015
Effective Date
January 01,2015
Close Date
June 04,2015
Transaction Type
Property
Enterprise Value (EV)($MM)
280
Asset/Basin:
{"Arkoma Basin"}
TargetZones:
{"Woodford Shale","M
Proved Reserves
PV-10 ($MM)
Location
Region
Mid-Continent
Country
United States
State
Oklahoma
Play
Production & Reserves Production
Reserves
Transaction Details: Subscribe to see
PetroQuest Energy, Inc. announced the closing of the sale of the majority of its interests in the Woodford and Mississippian Lime for gross proceeds of $280 million, subject to estimated purchase price adjustments between the effective date of January 1, 2015 and the closing date.
During the first quarter of 2015, the Sold Assets produced approximately 46 MMcfe/d and generated net operating cash flow of approximately $7.5 million. As of December 31, 2014, the Company's estimated proved reserves attributable to the Sold Assets totaled approximately 227 Bcfe (63% proved developed) with…
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