One-Page Deal Sheet
Pilgrim Petroleum Acquires Bakken, Woodford, Eagle Ford Assets
Pilgrim Petroleum Corporation Not Disclosed
Announced Date
October 20,2016
Close Date
October 20,2016
Transaction Type
Property
Enterprise Value (EV)($MM)
330
Asset/Basin:
{"Williston Basin","Anadarko Basin","Eagle Ford"}
TargetZones:
{Bakken,"Woodford Sh
Net Acres
Location
Calculated Metrics( EV/Category)
Region
Gulf Coast - South Texas,Williston Basin,Mid-Continent
Country
United States
State
North Dakota
Play
Calculated Metrics( EV/Category)
$/ Acre
Transaction Details: Subscribe to see
Pilgrim Petroleum PLC a private company and subsidiaries, an independent oil and gas company, has completed its acquisition of an 79% controlling interest in the announced acquisition of Bakken, Eagle Ford and Woodford Shale assets for approximately $330 million net of customary closing adjustments.
Asset
The assets include approximately 210,000 acres with most of the position held by production. American Capital Investment LLC has agreed to sell 100% of its equity interest in its oil and gas subsidiary Alpha Petroleum Resources LP (Texas Corporation) to Crescent Hill Capital Corp a Dallas…
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