One-Page Deal Sheet
SandRidge Signs Deal for Derisked Niobrara Asset; $190 Million
Sandridge Energy, Inc. EE3, LLC
Announced Date
November 04,2015
Close Date
December 16,2015
Transaction Type
Property
Enterprise Value (EV)($MM)
190
Asset/Basin:
{"North Park Basin","Niobrara Shale"}
TargetZones:
{"Niobrara Shale D B
Net Acres
Proved Reserves
Location
Calculated Metrics( EV/Category)
Region
Rockies - DJ Basin
Country
United States
State
Colorado
County
Jackson
Play
Production & Reserves Production
Reserves
Calculated Metrics( EV/Category)
$/ Flowing
$/ Acre
$/Location
Transaction Details: Subscribe to see
SandRidge Energy, Inc. has agreed to acquire the assets of EE3, LLC in a privately negotiated transaction for $190 million in cash, pending standard due diligence and post-closing adjustments. The transaction is expected to close in the fourth quarter of 2015.
With this acquisition, SandRidge will have a material, derisked Niobrara Shale position in the North Park Basin, Jackson County, Colorado. The Niobrara Shale is characterized by numerous stacked pay reservoirs, proven production history, long-lived reserves and repeatable drilling results. The acquired acreage is largely concentrated in…
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