One-Page Deal Sheet
SM Sells NM Waterflood, Producing Williston Assets For $172 Million
Not Disclosed SM Energy Company
Announced Date
August 01,2016
Transaction Type
Property
Enterprise Value (EV)($MM)
173
Asset/Basin:
{"Williston Basin","San Juan Basin"}
Net Acres
% Oil:
Proved Reserves
Location
Calculated Metrics( EV/Category)
Region
Williston Basin,Rockies - San Juan Basin
Country
United States
State
Montana
Play
Production & Reserves Production
Production Mix
Reserves
Calculated Metrics( EV/Category)
$/ Flowing
$/ Acre
Transaction Details: Subscribe to see
SM Energy Company has entered into definitive agreements for the sale of two separate packages of non-core assets for a combined price of $172.5 million. The transactions are expected to close late in the third quarter of 2016.
One package is composed primarily of waterflood assets in New Mexico and the second package includes producing assets in North Dakota and Montana. Year-end 2015 net proved reserves associated with these assets totaled approximately 9.5 MMBoe, 87% oil and 13% natural gas and was all proved developed. Second quarter of 2016 net production from these assets was…
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