One-Page Deal Sheet
SandRidge Energy, Inc. Announces $1 Billion Mississippian Joint Venture
Repsol S.A. Sandridge Energy, Inc.
Announced Date
December 22,2011
Close Date
January 05,2012
Transaction Type
JV
Enterprise Value (EV)($MM)
1000
Location
Calculated Metrics( EV/Category)
Region
Mid-Continent
Country
United States
State
Oklahoma
Play
Calculated Metrics( EV/Category)
$/ Acre
Transaction Details: Subscribe to see
SandRidge Energy, Inc. announced today that it has entered into a Joint Venture ("JV") with a subsidiary of Repsol YPF, S.A., a leading international energy company based in Madrid, Spain. Under the agreement, SandRidge will sell an approximate 25% non-operated working interest, or 250,000 net acres, in the Extension Mississippian play located in Western Kansas and an approximate 16% non-operated working interest, or 113,636 net acres, in its Original Mississippian play.
The 363,636 net acres in total will be sold to Repsol for an aggregate transaction value of $1 Billion. Repsol will pay…
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