One-Page Deal Sheet
Sanchez Picks Up Eagle Ford Assets from Hess
Sanchez Energy Corp Hess Corp
Announced Date
March 18,2013
Effective Date
March 01,2013
Close Date
May 31,2013
Transaction Type
Property
Enterprise Value (EV)($MM)
280
Asset/Basin:
{"Eagle Ford Shale"}
TargetZones:
{"Eagle Ford Shale"}
Net Acres
% Oil:
Proved Reserves
Location
Calculated Metrics( EV/Category)
Region
Gulf Coast - South Texas
Country
United States
State
Texas
County
Dimmit ,Frio ,La Salle ,Zavala
Play
Production & Reserves Production
Reserves
Calculated Metrics( EV/Category)
$/ Flowing
$/ Acre
Transaction Details: Subscribe to see
Closing Announcement - May 31, 2013
Sanchez Energy Corporation has reported the closing of the previously announced acquisition of Eagle Ford Shale assets from Hess Corporation with an effective date of March 1, 2013.
Including the $13.25 million deposit previously paid, total consideration for the acquisition was $280.4 million, which includes the $265.0 million purchase price and $15.4 million in normal and customary closing adjustments. The final purchase price is subject to further customary post-closing adjustments. The transaction was funded from cash on hand from the net proceeds of…
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