One-Page Deal Sheet
Range Resources Exits Ark-La-Tex; Sells Lousiana Asset for $245MM
Castleton Resources LLC Range Resources Corp
Announced Date
August 04,2020
Effective Date
February 01,2020
Close Date
August 14,2020
Transaction Type
Property
Enterprise Value (EV)($MM)
245
Location
Calculated Metrics( EV/Category)
Region
Ark-La-Tex - North Louisiana
Country
United States
State
Louisiana
Play
Production Production
Calculated Metrics( EV/Category)
$/ Flowing
$/ Acre
Production ($/Mcfe/d)
Transaction Details: Subscribe to see
Range Resources Corp. has signed a deal to divest its North Louisiana assets for gross proceeds of $245 million. The buyer is Castleton Resources.
The company could potentially get $90 million more for the asset, contingent on future commodity prices.
Castleton is owned by Castleton Commodities International LLC (CCI) and Tokyo Gas America Ltd., who will increase its ownership in Castleton Resources from 46% to approximately 70% when the acquisition closes, with the balance to be held by CCI.
Asset Details: Current Production: 160 Mmcfe/d Acreage: 140,000 net Targets: Cotton Valley…| Announced Date | Buyer | Seller | Deal Value($mm) | Location | Category |
|---|---|---|---|---|---|
| Jul-29-2020 |
-  |
- |
Click here | Louisiana | E&P |
| Sep-13-2019 |
- |
- |
Click here | Louisiana | E&P |
| Jul-20-2018 |
- |
- |
Click here | Louisiana | E&P |
| Mar-29-2018 |
- |
- |
Click here | Louisiana | E&P |
| Feb-24-2015 |
- |
- |
Click here | Louisiana | E&P |
| Date | Deal Headline | Price | $/acre |
|---|---|---|---|
| Nov-19-2018 | PE-back Aethon Acquires QEP's Haynesville Asset For $735 Million | - |
- |
| Jun-29-2018 | Osaka Gas Acquires Haynesville Shale Property | - |
- |
| Feb-13-2018 | WildHorse Divests North Louisiana Assets for $217MM | - |
- |