One-Page Deal Sheet
Riviera Exits Ark-La-Tex; Sells Off Louisiana Asset for $27 Million
Not Disclosed Riviera Resources
Announced Date
July 29,2020
Close Date
January 15,2020
Transaction Type
Property
Enterprise Value (EV)($MM)
27
Location
Calculated Metrics( EV/Category)
Region
Ark-La-Tex - North Louisiana
Country
United States
State
Louisiana
County
Lincoln
Play
Production Production
Production Mix
Calculated Metrics( EV/Category)
$/ Flowing
$/ Acre
Production ($/Mcfe/d)
Transaction Details: Subscribe to see
Riviera Resources, Inc. has agreed to sell its interest in properties located in North Louisiana to an undisclosed buyer for a contract price of $26.5 million.
The transaction is expected to close in the third quarter of 2020. The estimated net proceeds from the sale are expected to be added to cash on the Company's balance sheet.
Asset Details- Acreage: 8,100 net
Property includes 100 wells located in North Louisiana- Production: Q2 2020 net production of approximately 16 Mmcfe/d (95% natural gas)
AdvisorsRBC Richardson Barr acted as financial advisor and Kirkland & Ellis LLP as legal…
| Announced Date | Buyer | Seller | Deal Value($mm) | Location | Category |
|---|---|---|---|---|---|
| Aug-04-2020 |
-  |
- |
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-09-2020 | US Energy Corp. Acquires East TX Assets in All-Stock Deal | - |
- |
| Aug-04-2020 | Range Resources Exits Ark-La-Tex; Sells Lousiana Asset for $245MM | - |
- |
| Sep-13-2019 | Contango Inks Deal for Producing Acreage; Ark-La-Tex, MidCon | - |
- |