One-Page Deal Sheet
SandRidge acquires membership interest in NEG Holding LLC
Energen Corp., Noble Energy, Inc., Sandridge Energy, Inc. Neg Oil & Gas
Announced Date
March 01,2007
Close Date
November 21,2006
Transaction Type
Corporate
Enterprise Value (EV)($MM)
1268
Asset/Basin:
{"West Texas Overthrust (Pinon Field)","East Texas","Gulf Coast"}
Location
Region
Mid-Continent
Country
United States
State
Oklahoma
Transaction Details: Subscribe to see
National Energy Group, Inc.
today announced that on November 21, 2006 it consummated its previously disclosed agreement (the
"NEG Oil & Gas Agreement") dated October 25, 2006 with NEG Oil & Gas LLC
, NEG, Inc. ("IPO Co") and American Real Estate Holdings
Limited Partnership pursuant to which NEG Oil & Gas purchased the
Company's membership interest in NEG Holding LLC for cash
under the purchase option set forth in Section 5.4 of Holding LLC's
Operating Agreement dated as of May 1, 2001 (the "Holding LLC Operating
Agreement"). Under Section 5.4 of the Holding LLC Operating Agreement, NEG
Oil &…
today announced that on November 21, 2006 it consummated its previously disclosed agreement (the
"NEG Oil & Gas Agreement") dated October 25, 2006 with NEG Oil & Gas LLC
, NEG, Inc. ("IPO Co") and American Real Estate Holdings
Limited Partnership pursuant to which NEG Oil & Gas purchased the
Company's membership interest in NEG Holding LLC for cash
under the purchase option set forth in Section 5.4 of Holding LLC's
Operating Agreement dated as of May 1, 2001 (the "Holding LLC Operating
Agreement"). Under Section 5.4 of the Holding LLC Operating Agreement, NEG
Oil &…
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